182 S Virgil Avenue, Los Angeles, CA 90004

Property Description

182 & 186 S Virgil Ave present a rare LAR3 / TOC Tier 3 development opportunity in a prime infill Los Angeles location. The offering consists of two contiguous parcels preferably sold together ($2.495m), creating an efficient 12,638 SF site per ZIMAS. Located in the heart of Koreatown, the property sits within one of Los Angeles' most supply-constrained, high-density rental submarkets, known for strong multifamily fundamentals and durable tenant demand. The area continues to see active infill redevelopment driven by proximity to major employment centers, neighborhood-serving retail, and transit. The site benefits from TOC Tier 3 designation, allowing for density increases and reduced parking requirements, enhancing feasibility and project efficiency. Surrounding uses include mid-rise and high-density apartment buildings, reinforcing the site's suitability for multifamily development and supporting long-term rental demand. This offering is well suited for by-right multifamily development, TOC density bonus execution, or other qualifying housing strategies, subject to buyer verification. Vacant land with no in-place income, offering a clean development path in an established urban location. Buyer to independently verify all zoning, unit counts, TOC incentives, parking requirements,

Listing Status:

Active

Date Added:

February 9, 2026

Data Last Updated:

March 4, 2026 at 4:09AM

Listing Office:

Christie's International Real Estate SoCal : 424-249-7162

Listing Agent:

Nicole Contreras : 310-614-4952

MLS ID:

CL26645983

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: LAR35501017023
• View: None

Financial

• Source: CRMLS