311 S Berendo Street, Los Angeles, CA 90020
Local realty services provided by:CENTURY 21 LOTUS
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:37 day(s) ago
- Updated:January 22, 2026 at 11:37 AM
Structure and exterior
- Lot area:0.16 Acres
Finances and disclosures
- Price:$1,895,000
New listings near 311 S Berendo Street
- New
$3,995,000Active4 beds 4 baths4,215 sq. ft.3609 Esplanade, Marina Del Rey, CA 90292
MLS# 26639335Listed by: COMPASS - New
$2,195,000Active3 beds 2 baths1,738 sq. ft.829 S Mullen Avenue, Los Angeles, CA 90005
MLS# 26640865Listed by: COLDWELL BANKER REALTY - Open Sat, 11am to 3:30pmNew
$649,997Active3 beds 1 baths1,149 sq. ft.8109 Antwerp Street, Los Angeles, CA 90001
MLS# DW26014107Listed by: CENTURY 21 REALTY MASTERS - New
$1,090,000Active2 beds 1 baths1,045 sq. ft.10717 National Place, Los Angeles, CA 90034
MLS# CL26639535Listed by: KB LUXE REAL ESTATE - New
$999,000Active6 beds -- baths1,872 sq. ft.312 E 92nd Street, Los Angeles, CA 90003
MLS# CL26641567Listed by: URBAN REAL ESTATE, INC. - New
$699,999Active3 beds 1 baths660 sq. ft.4427 Richard, Los Angeles, CA 90032
MLS# CRDW26009857Listed by: KELLER WILLIAMS SELA - New
$1,248,000Active3 beds 3 baths2,262 sq. ft.7422 Valaho, Tujunga (los Angeles), CA 91042
MLS# CRRS26012850Listed by: CIRCLE REAL ESTATE - New
$4,099,000Active4 beds 6 baths4,400 sq. ft.16015 Jeanne Ln, Encino (los Angeles), CA 91436
MLS# CRSR26013906Listed by: REALTY SQUAD INC. - New
$1,288,000Active3 beds 3 baths2,699 sq. ft.18256 Sunburst, Northridge (los Angeles), CA 91325
MLS# CRWS26014347Listed by: PINNACLE REAL ESTATE GROUP - Open Sat, 1 to 4pmNew
$879,900Active3 beds 2 baths1,293 sq. ft.10857 Crockett Street, Sun Valley, CA 91352
MLS# BB26015073Listed by: REMAX EMPOWER