Property Detail

311 S Berendo

Los Angeles CA 90020

$1,895,000

Status: Active

Property Details

Description

The LAAA Team and The Liberow Group of Marcus & Millichap are pleased to present 311 S Berendo Street, an unentitled raw land development site strategically positioned in the heart of Koreatown, one of Los Angeles' most vibrant, transit oriented, and consistently high demand rental markets. Surrounded by dense residential neighborhoods, walkable retail corridors, and extensive Metro connectivity, this 7,153 SF C2-zoned parcel offers developers a rare combination of prime urban location and exceptional land-use flexibility.Highly sought after for its development friendly commercial zoning, C2 accommodates a broad range of residential and mixed-use concepts. This zoning classification allows developers to explore multiple execution strategies, from MIIP-driven multifamily and mixed-income housing to for-sale product or efficient low-rise configurations.PropertyUnder MIIP and TOIA eligibility, the site can unlock generous density, height, and FAR bonuses, enabling a highly efficient design that maximizes buildable area, reduces soft cost exposure, and leverages zero-parking provisions to further enhance project feasibility. These incentives allow developers to pursue a range of building types with minimal entitlement friction and a meaningfully accelerated path from acquisition to construction.Importantly, the property is fully vacant and already demolished, which eliminates two of the most common development hurdles in Koreatown: no SB 8 low-income replacement requirements and no demolition or clearance costs. With no tenant relocation, no RSO constraints, and full architectural flexibility, the site stands out as one of the submarket's most compelling remaining infill opportunities for developers.In addition to a mixed-income MIIP project, the parcel also accommodates a variety of alternative development strategies, including for sale housing concepts such as small lot subdivisions or stacked flat configurations, and low-rise residential formats such as duplex or double duplex plans. This versatility allows builders to tailor the development approach to their preferred exit strategy, capital structure, or risk profile.LocationSituated in the vibrant core of Koreatown, 311 S Berendo Street benefits from unparalleled connectivity, walkability, and sustained renter demand. Koreatown continues to rank among Los Angeles' strongest submarkets, driven by its central location between Downtown, Hollywood, and Mid-Wilshire, and its exceptional access to transit, culture, and employment.Just minutes from the Wilshire/Vermont Metro Station, the site sits within a designated Transit-Oriented Incentive Area (TOIA 2), directly supporting MIIP eligibility. The neighborhood has experienced a wave of new multifamily and mixed-use development, further reinforcing Koreatown as a premier live-work-play environment. With limited supply of entitled land, strong demographic fundamentals, and consistent rent growth, Koreatown remains one of Los Angeles' most resilient and undersupplied housing markets.

Map Location

Listing provided courtesy of Filip Niculete of Marcus & Millichap. Last updated 2025-12-16 09:21:03.000000. Listing information © 2025 CRMLS.

Ever Eternity

Ever Eternity

CA DRE# 01794748

1111 Prospect St, Suite 100 La Jolla,
​​​​​​​CA 92037

858.688.4113

Contact Me
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Welcome

Meet Ever

Ever Eternity is Your Local Real
Estate Professional

Whether it's your first townhouse, vacation property or coastal dream home, I will work to find the property that's best for you. I am able to anticipate and fulfill each of my clients needs, in order to find the perfect home for them and their family. I am here to work with you, to find the best fit for you, and am excited for the opportunity.

People choose to work with me for my full service expertise, experience and ethics. My base of loyal customers is the reason I am successful in this competitive sales market.

​My attention to detail allows me to find dream homes for buyers, and build thorough home marketing plans for my sellers. I have great pride in my negotiation skills and believe in transparency and full disclosure throughout each deal. I value open communication with my clients and welcome questions from start to close.

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"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"Ever was simply excellent. He is thorough, approachable and very knowledgable of the house buying process. We appreciated his manner and help throughout our purchase process - he never made us feel pressured to select a house and helped us find a perfect match. He was especially helpful when we needed to juggle urgent travel during the Escrow process, helping us set up power of attorney. We would recommend Ever to any type of buyer and will certainly use him for any future real estate needs that we have."

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"Ever has been my agent through two purchases and one sale. He has a keen sence of the market and knows how best to price and time sales and purchases. He makes sure to get the job done and places the most importance on making his satisfying his clients wishes to the best of his ability. He works well with escrow, property managers, and whomever he needs to speak with."

"Working with Ever was a joy. We had a number of unexpected challenges during the process of selling our house and Ever was consistently there to help, guide, and support us. He was always available for consultation and never lost sight of the immediate issues nor the long term goals. Ever was an exemplary professional in every way and I would highly recommend him."

"Working with Ever was a great experience. Selling our Mom's house was emotionally difficult for us. Ever guided us thru the process and made it smooth and easy as possible for us. He responded to all of our questions with professionalism and knowledge. He kept us informed of every action during the sale. We trusted his advice and insights and he delivered on everything he said. The sale was quick and smooth and we couldn't be happier. We highly recommend Ever. He definitely knows his business."

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