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Koreatown Development Site! This unique property of 12,539 SF and zoned C2 consists of two adjacent parcels that offer significant potential for developers looking to capitalize on a high-density, transit oriented neighborhood. Situated in the 90005 ZIP code, the site sits strategically in the high-growth Koreatown/Westlake corridor. Residents benefit from being a ten-minute walk from the MacArthur Park Metro station, providing seamless access to the B and D subway lines. The immediate area is rich with amenities, including the historic MacArthur Park, Southwestern Law School, and the diverse retail and dining landscape of nearby Koreatown. The neighborhood is currently undergoing a significant urban evolution, driven by its central location and proximity to major employment centers in Downtown Los Angeles and Hollywood. Please visit the Property Website to execute the Confidentiality Agreement and access the Virtual Deal Room.
Listing agent: Adam Peterson DRE #01815802 adam.peterson@cbre.com, Listing office: CB Richard Ellis, Inc.
MLS data updated 11/3/2026, 2:03:07 PM PT
Source: CRMLS, MLS #: 26672535
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
May 18, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$2,100,000Asking price recorded · May 18, 2026ZIP 90005 · May 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.