311 S Berendo Street, Los Angeles, CA 90020
Local realty services provided by:CENTURY 21 Allstars
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
The LAAA Team and The Liberow Group of Marcus & Millichap 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:1 day(s) ago
- Updated:December 15, 2025 at 09:29 PM
Structure and exterior
- Lot area:0.16 Acres
Finances and disclosures
- Price:$1,895,000
New listings near 311 S Berendo Street
$379,000Pending-- beds -- baths1,664 sq. ft.5850 Haas, Los Angeles, CA 90047
MLS# MB25273136Listed by: KELLER WILLIAMS LARCHMONT- New
$849,000Active3 beds 2 baths1,738 sq. ft.7317 Clybourn Avenue, Sun Valley, CA 91352
MLS# 25628473Listed by: MBE REALTY, INC. - New
$649,000Active3 beds 2 baths1,227 sq. ft.10358 Las Lunitas Avenue, Tujunga, CA 91042
MLS# SR25270584Listed by: REDFIN CORPORATION - New
$800,000Active6 beds 3 baths2,364 sq. ft.811 E 43rd Place, Los Angeles, CA 90011
MLS# SR25276079Listed by: JOHNHART REAL ESTATE - New
$769,000Active2 beds 1 baths1,080 sq. ft.11672 Erwin Street, North Hollywood (los Angeles), CA 91606
MLS# CL25621129Listed by: KELLER WILLIAMS LARCHMONT - New
$9,000,000Active0.96 Acres5511 Ethel Avenue, Sherman Oaks, CA 91401
MLS# 25626591Listed by: MARCUS & MILLICHAP - New
$3,100,000Active19 beds 16 baths11,294 sq. ft.3555 San Marino Street, Los Angeles, CA 90019
MLS# 25628557Listed by: DANA BRODY - New
$1,699,000Active2 beds 3 baths2,352 sq. ft.10350 Wilshire Boulevard #404, Los Angeles, CA 90024
MLS# 25628603Listed by: PINKHAM ESTATES REALTY - New
$699,999Active3 beds 1 baths1,349 sq. ft.770 N Alexandria Avenue, Los Angeles, CA 90029
MLS# 25628655Listed by: KELLER WILLIAMS HOLLYWOOD HILLS
Protect your home and budget with an American Home Shield© home warranty. Learn more©2025 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.