Hancock Park-Wilshire (C18) Land for Sale

Hancock Park-Wilshire (C18) Land for Sale

Welcome to Hancock Park-Wilshire, one of Los Angeles’ most sought-after neighborhoods. Nestled in the heart of the city, this vibrant area is known for its rich history, stunning architecture, and diverse community. With tree-lined streets and an abundance of green spaces, Hancock Park-Wilshire offers a serene escape from the hustle and bustle of urban life, while still providing easy access to the best that Los Angeles has to offer.

This charming neighborhood is home to a variety of architectural styles, including stunning Mediterranean Revival and Craftsman homes, showcasing the area’s historical significance. Residents enjoy a strong sense of community, with local shops, cafes, and restaurants that reflect the eclectic spirit of Los Angeles. Parks and recreational areas abound, making it an ideal place for families and outdoor enthusiasts alike.

For those looking to invest in this prime location, there is an exciting opportunity to purchase land for sale in Hancock Park-Wilshire. With its central location and proximity to major attractions such as The Grove, LACMA, and the vibrant nightlife of Hollywood, this area is not only a fantastic place to live but also a smart investment for the future. The available land offers the perfect canvas to create your dream home or develop a new project that captures the essence of this unique neighborhood.

Whether you’re drawn by the charm of its historic homes, the allure of its cultural offerings, or the potential for growth, Hancock Park-Wilshire is a place where dreams can flourish. Don’t miss your chance to be a part of this remarkable community!

Newest Hancock Park-Wilshire (C18) Land for Sale

$4,200,000
26842135 MLS Active Status
We are pleased to present the opportunity to acquire 1050 & 1056 S Norton Avenue, a 102-unit, 100% affordable apartment development site located in Los Angeles' Mid-Wilshire / Olympic Park submarket within the Country Club Park HPOZ. The project is situated on an approximately 18,533 SF lot in a central Los Angeles infill location near Mid-Wilshire, Koreatown, Hancock Park, and the greater Wilshire corridor. The proposed development is designed as a 5-story, Type III-A residential apartment building consisting of 102 total units, approximately 33,833 SF of rentable area, and approximately 42,908 SF of proposed building area. The project is being developed under Executive Directive 1 as a 100% affordable housing project pursuant to AB 1763 and AB 2345, allowing for unlimited density and zero parking within proximity to a major transit stop. The project benefits from significant development incentives, including zero parking, additional height allowances, and FAR increase. The plans also reference off-menu incentives for a 100% reduction in open space and tree reduction subject to approval. Located within an established residential neighborhood, the site provides strong access to transit, employment centers, retail, and daily amenities throughout Central Los Angeles. With a large combined lot, 102-unit affordable housing program, and ED1 entitlement pathway, this offering presents a strong opportunity for developers seeking scale in a supply-constrained Los Angeles market.

1050 S Norton Avenue, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.