Development Potential: The seller has approved architectural plans by Sammi Trabizi for a five-story, 38-unit apartment building, which can be made available upon request. This presents an outstanding opportunity for developers and investors looking to capitalize on LA’s strong rental market. With rising housing demand and the ongoing transformation of the Koreatown and Mid-Wilshire areas, this property is well-positioned for long-term appreciation and investment success. Positioned just south of Koreatown and west of Downtown Los Angeles, 1606 Menlo Ave offers a high demand rental development opportunity in a thriving urban corridor. The 7,303 SF lot is zoned LACM-1/R-3, allowing for a multi-unit residential development in one of LA’s most sought-after investment areas.