182 S Virgil Avenue, Los Angeles, CA 90004

$1,100,000 Approx. USD 0 beds, 0 baths

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Brochure

Photo of Ed Solorzano

Marketed By Ed Solorzano REALTOR® - Sales Associate 310-990-6252 m
310-777-2863 o
Lic#: 01276829
NRDS ID: 175511657
solorzanorealtor@gmail.com Beverly Hills Office
131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212
Phone: 310-777-7800
Fax: 310-858-1295

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Agent Remarks

182 & 186 S Virgil Ave present a rare LAR3 / TOC Tier 3 development opportunity in a prime infill Los Angeles location. The offering consists of two contiguous parcels preferably sold together ($2.2m), creating an efficient 12,638 SF site per ZIMAS. Located in the heart of Koreatown, the property sits within one of Los Angeles' most supply-constrained, high-density rental submarkets, known for strong multifamily fundamentals and durable tenant demand. The area continues to see active infill redevelopment driven by proximity to major employment centers, neighborhood-serving retail, and transit. The site benefits from TOC Tier 3 designation, allowing for density increases and reduced parking requirements, enhancing feasibility and project efficiency. Surrounding uses include mid-rise and high-density apartment buildings, reinforcing the site's suitability for multifamily development and supporting long-term rental demand. This offering is well suited for by-right multifamily development, TOC density bonus execution, or other qualifying housing strategies, subject to buyer verification. Vacant land with no in-place income, offering a clean development path in an established urban location. Buyer to independently verify all zoning, unit counts, TOC incentives, parking requirements, utilities, and development assumptions.

Listing Details

Property type: (Lots/Land)

Status: Active

MLS# 26645983

List price is $1,100,000 Reduced by $147,500 on 4/6/2026

Price: $1,100,000

Beds: 0

Baths: 0

0.16 acres

Lot size: 0.1596

County: Los Angeles

Zoning: LAR3