Map of Property

Redevelopment Opportunity in Vibrant Wilshire District of Los Angeles

957, Los Angeles, CA 90006

  • For Sale $4,950,000
  • Property Type Other
  • Property Size 66,040 SF
  • Lot Size 25,658 SF
  • Date Updated Jun 12, 2025

Presenting a rare opportunity with approved Plans in the vibrant Wilshire District of Los Angeles. This offering includes three contiguous parcels located at 957, 961, and 967 Arapahoe Street, totaling approximately 25,658 square feet of land. The approved plans call for a 5-story, 109-unit apartment building over a Type I-A subterranean garage, utilizing Type III-A construction. This is a 100% privately funded project in one of the most in-demand, transit-connected neighborhoods of Los Angeles.

• Located within the Wilshire Council District, the project is ideally suited for a forward-thinking investor or developer.

• Income-producing structures currently exist on two of the parcels, providing holding income while final construction preparations are made.

• Investors may pursue re-entitlement under Executive Directive 1 (ED1) or the CHIP Ordinance to potentially increase density and boost project value.

This opportunity will bring 109 residential units to a highly walkable, transit-served and amenity-rich location in Los Angeles. With approved plans in hand and options for further entitlements under new city programs, this property is poised for immediate development or strategic repositioning.

Contact us today to request the full due diligence package.

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Attachments

Contacts

broker
Reza Ghobadi

Location

Getting Around

  • Walk Score ®

    93/100 Walker's Paradise

  • Transit Score ®

    78/100 Excellent Transit

  • Bike Score ®

    72/100 Very Bikeable
Powered by Walk Score ®
  • City Los Angeles, CA
  • Neighborhood Westlake
  • Zip Code 90006
  • Market Los Angeles

Points of Interest

  • Westlake/MacArthur Park

    0.59 miles

  • Wilshire/Normandie

    1.02 miles

  • Wilshire/Normandie Station

    1.03 miles

  • Wilshire/Western Station

    1.44 miles

  • Wilshire/Western

    1.45 miles

  • 7th Street/Metro Center

    1.52 miles

  • 7th Street/Metro Center Station

    1.60 miles

  • Vermont/Beverly Station

    1.63 miles

  • Grand/LATTC

    1.71 miles

  • Grand Avenue Arts/Bunker Hill

    1.97 miles

  • 76

    0.55 miles

  • Chevron

    0.88 miles

  • Arco

    1.27 miles

  • Shell

    1.44 miles

  • Electric Vehicle Charging Station

    2.26 miles

  • FLO

    5.81 miles

  • Tesla Supercharger

    7.20 miles

  • Parking electrique

    7.52 miles

  • Culver City Supercharger

    7.57 miles

  • Vermont & WIlshire Parking Lot -LADOT Facility No. 691

    0.57 miles

  • Metro Kiss and Ride

    0.62 miles

  • SP+

    0.91 miles

  • Bond Lot

    1.12 miles

  • West Garage

    1.13 miles

  • Employee Lot

    1.15 miles

  • East Garage

    1.28 miles

  • FIGat7th

    1.35 miles

  • Venice Parking Garage

    1.38 miles

  • Western Avenue Parking Garage

    1.38 miles

  • Tuscan Garden Inn

    0.27 miles

  • New seoul hotel

    0.28 miles

  • Casa Bella Inn

    0.45 miles

  • Rodeway Inn Convention Center

    0.48 miles

  • Ramada Los Angeles/Downtown West

    0.49 miles

  • Staples Centre Inn

    0.53 miles

  • Park Plaza Hotel

    0.62 miles

  • Hometel Suites

    0.69 miles

  • Hotel Solaire

    0.74 miles

  • Holiday Inn Express

    0.74 miles

  • TGI Korean BBQ

    0.08 miles

  • Yengmani

    0.10 miles

  • Sonagi Korean BBQ

    0.13 miles

  • Amar Desh Indian Restaurant

    0.13 miles

  • El Pollo Loco

    0.32 miles

  • Yong Su San Restaurant

    0.32 miles

  • The Dragon Restaurant

    0.32 miles

  • Boba Time

    0.34 miles

  • El Verado Bakery

    0.34 miles

  • Proper Pizza and Pasta

    0.34 miles

  • Leo Politi Elementary School

    0.14 miles

  • Hoover Street Elementary School

    0.18 miles

  • Hollywood College School of Chiropractic

    0.45 miles

  • Southwestern University School of Law

    0.53 miles

  • Bernedo Middle School

    0.56 miles

  • Charles W. White Elementary School

    0.58 miles

  • Los Angeles College International

    0.62 miles

  • Westwood College - Los Angeles

    0.68 miles

  • Young Oak Kim Academy

    0.71 miles

  • Magnolia Elementary School

    0.72 miles

  • Morning Star Education Center

    1.79 miles

  • HIC Daycare

    2.00 miles

  • Ralph M. Parsons Preschool

    2.92 miles

  • Komitas

    3.24 miles

  • Vine Street Early Education Center

    3.44 miles

  • Neighborhood Nursery School

    3.69 miles

  • San Antonio de Padua Academy Preschool

    3.77 miles

  • Vernon Adult Day Program

    3.90 miles

  • Gates Early Education Center

    4.80 miles

  • Jim Gilliam Child Care Center

    4.81 miles

Frequently Asked Questions

How much does Redevelopment Opportunity in Vibrant Wilshire District of Los Angeles cost?

The space currently listed for sale at Redevelopment Opportunity in Vibrant Wilshire District of Los Angeles asks for $4,950,000.

What is the total square footage of Redevelopment Opportunity in Vibrant Wilshire District of Los Angeles?

Redevelopment Opportunity in Vibrant Wilshire District of Los Angeles totals 66,040 square feet.

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Contact Listing Broker
broker
Reza Ghobadi
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