311 S Berendo Street, Los Angeles, CA 90020
Local realty services provided by:CENTURY 21 Jordan-Link
311 S Berendo Street,Los Angeles, CA 90020
$1,895,000
- 0.16 Acres
- Lots / Land
- Active
Listed by: filip niculete, glen scher
Office: marcus & millichap
MLS#:25626593
Source:CRMLS
Price summary
- Price:$1,895,000
About this home
We are pleased to present are pleased to present 311 S Berendo Street, an unentitled raw land development site strategically positioned in the heart of Koreatown, one of Los Angeles' most vibrant, transit oriented, and consistently high demand rental markets. Surrounded by dense residential neighborhoods, walkable retail corridors, and extensive Metro connectivity, this 7,153 SF C2-zoned parcel offers developers a rare combination of prime urban location and exceptional land-use flexibility.Highly sought after for its development friendly commercial zoning, C2 accommodates a broad range of residential and mixed-use concepts. This zoning classification allows developers to explore multiple execution strategies, from MIIP-driven multifamily and mixed-income housing to for-sale product or efficient low-rise configurations.PropertyUnder MIIP and TOIA eligibility, the site can unlock generous density, height, and FAR bonuses, enabling a highly efficient design that maximizes buildable area, reduces soft cost exposure, and leverages zero-parking provisions to further enhance project feasibility. These incentives allow developers to pursue a range of building types with minimal entitlement friction and a meaningfully accelerated path from acquisition to construction.Importantly, the property is fully vacant and already demolished, which eliminates two of the most common development hurdles in Koreatown: no SB 8 low-income replacement requirements and no demolition or clearance costs. With no tenant relocation, no RSO constraints, and full architectural flexibility, the site stands out as one of the submarket's most compelling remaining infill opportunities for developers.In addition to a mixed-income MIIP project, the parcel also accommodates a variety of alternative development strategies, including for sale housing concepts such as small lot subdivisions or stacked flat configurations, and low-rise residential formats such as duplex or double duplex plans. This versatility allows builders to tailor the development approach to their preferred exit strategy, capital structure, or risk profile.LocationSituated in the vibrant core of Koreatown, 311 S Berendo Street benefits from unparalleled connectivity, walkability, and sustained renter demand. Koreatown continues to rank among Los Angeles' strongest submarkets, driven by its central location between Downtown, Hollywood, and Mid-Wilshire, and its exceptional access to transit, culture, and employment.Just minutes from the Wilshire/Vermont Metro Station, the site sits within a designated Transit-Oriented Incentive Area (TOIA 2), directly supporting MIIP eligibility. The neighborhood has experienced a wave of new multifamily and mixed-use development, further reinforcing Koreatown as a premier live-work-play environment. With limited supply of entitled land, strong demographic fundamentals, and consistent rent growth, Koreatown remains one of Los Angeles' most resilient and undersupplied housing markets....
Contact an agent
Home facts
- Listing ID #:25626593
- Added:93 day(s) ago
- Updated:March 19, 2026 at 10:36 AM
Structure and exterior
- Lot area:0.16 Acres
Finances and disclosures
- Price:$1,895,000
New listings near 311 S Berendo Street
- New
$1,449,000Active5 beds 3 baths2,025 sq. ft.23343 Hartland Street, West Hills (los Angeles), CA 91307
MLS# CL26666591Listed by: EQUITY UNION - New
$550,000Active1 beds 1 baths748 sq. ft.877 Francisco Street #1905, Los Angeles, CA 90017
MLS# CRCV26058951Listed by: RG REALTY - New
$1,899,000Active3 beds 2 baths1,223 sq. ft.3360 Halderman, Los Angeles, CA 90066
MLS# CRDW26058936Listed by: FIRST TEAM REAL ESTATE - New
$700,000Active3 beds -- baths2,636 sq. ft.8820 Beach, Los Angeles, CA 90002
MLS# CRDW26059369Listed by: LUIS A BAUTISTA - New
$289,000Active2 beds 1 baths784 sq. ft.14805 N Chase Street #219, Panorama City (los Angeles), CA 91402
MLS# CRGD26059374Listed by: KELLER WILLIAMS R. E. SERVICES - New
$759,950Active3 beds 2 baths1,373 sq. ft.18955 Covello Street, Reseda (los Angeles), CA 91335
MLS# CROC26057957Listed by: EXP REALTY OF CALIFORNIA INC - New
$823,000Active3 beds 2 baths1,360 sq. ft.436 S Virgil Avenue #408, Los Angeles, CA 90020
MLS# CRP1-26306Listed by: SK REALTORS - New
$675,000Active4 beds -- baths1,600 sq. ft.1626 E 87th, Los Angeles, CA 90002
MLS# CRPW26059776Listed by: SHIRLEY MARTINEZ, BROKER - New
$1,395,000Active8 beds -- baths2,590 sq. ft.5335 Carlin, Los Angeles, CA 90016
MLS# CRWS26057544Listed by: RE/MAX CHAMPIONS/WC - New
$695,000Active5 beds 4 baths2,272 sq. ft.139 E 36th Place, Los Angeles, CA 90011
MLS# 26666285Listed by: LYON STAHL INVESTMENT REAL ESTATE, INC.
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
©2026 Century 21 Real Estate LLC. All rights reserved. CENTURY 21®, the CENTURY 21 Logo and C21® are service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Listing information is deemed reliable but not guaranteed accurate.