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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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$3,000,000 Approx. USD 0 beds, 0 baths
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Photo of Ed Solorzano

Ed Solorzano REALTOR® - Sales Associate 310-990-6252 m
310-777-2863 o
Lic#: 01276829
NRDS ID: 175511657
solorzanorealtor@gmail.com Text Me
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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
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 Beverly Hills 131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212
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Listing Agent


Adam Peterson | adam.peterson@cbre.com
Lic#: 01815802
Broker: Courtesy of CB Richard Ellis, Inc.
Phone: 310-550-2592

Agent Remarks

The subject site at 521-525 S. Carondelet St. is a vacant rectangular 2-lot development site located in the Mid-Wilshire/Lafayette Park area on the eastern edge of Koreatown. Zoning designation is LAR4-1 with a Tier 3 TOC status for increased density, FAR and reduced parking. The immediate area is one of the most investment rich locations in all of Los Angeles with new developments like the 644-unit Kurve on Wilshire (completed by Greystar in 2021) and historic trophy apartments like the Wilshire Royale, the Asbury, the Bryson and The Town House dotting the skyline. The iconic Art Deco Bullocks Wilshire historic-cultural monument is just a few blocks away from 521 S. Carondelet, purchased and repurposed by Southwestern Law School in 1994. CoStar estimates that multifamily vacancy in Koreatown is currently elevated, reflecting the delivery of nearly 3,850 new units over the past 24 months. This recent supply influx has temporarily increased availability; however, the submarket rebounded quickly after the pandemic, with rents climbing consistently since early 2021. Koreatown remains more affordable than surrounding areas such as Hollywood, Hancock Park, and Silver Lake and benefits from Mid-Wilshire's highly walkable environment and strong dining and nightlife appeal.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 26646443
Price: $3,000,000
Beds: 0
Baths: 0
0.27 acres
Lot size: 0.2715
County: Los Angeles
Zoning: LAR4
MLS area: C42 - Downtown L.A.

Last Updated: 6/12/2026

 Days On Market (DOM): 135

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This listing belongs to the C42 - Downtown L.A. MLS area

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Ed Solorzano

Ed Solorzano REALTOR® - Sales Associate 310-990-6252 m
310-777-2863 o
Lic#: 01276829
NRDS ID: 175511657
solorzanorealtor@gmail.com Text Me
Call My Cell
Call My Office
Lic#: 01276829
NRDS ID: 175511657
solorzanorealtor@gmail.com
Beverly Hills Office
131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212
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