Estimated payment $18,322/month
About This Lot
The subject site at 521-525 S. Carondelet St. is a vacant rectangular 2-lot development site located in the Mid-Wilshire/Lafayette Park area on the eastern edge of Koreatown. Zoning designation is LAR4-1 with a Tier 3 TOC status for increased density, FAR and reduced parking. The immediate area is one of the most investment rich locations in all of Los Angeles with new developments like the 644-unit Kurve on Wilshire (completed by Greystar in 2021) and historic trophy apartments like the Wilshire Royale, the Asbury, the Bryson and The Town House dotting the skyline. The iconic Art Deco Bullocks Wilshire historic-cultural monument is just a few blocks away from 521 S. Carondelet, purchased and repurposed by Southwestern Law School in 1994. CoStar estimates that multifamily vacancy in Koreatown is currently elevated, reflecting the delivery of nearly 3,850 new units over the past 24 months. This recent supply influx has temporarily increased availability; however, the submarket rebounded quickly after the pandemic, with rents climbing consistently since early 2021. Koreatown remains more affordable than surrounding areas such as Hollywood, Hancock Park, and Silver Lake and benefits from Mid-Wilshire's highly walkable environment and strong dining and nightlife appeal.
Property Details
Property Type
- Land
Lot Details
- 11,825 Sq Ft Lot
- Property is zoned LAR4
Listing and Financial Details
- Assessor Parcel Number 5155-029-009
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $25,803 | $2,163,328 | $2,163,328 | -- |
| 2024 | $25,686 | $2,120,910 | $2,120,910 | -- |
| 2023 | $25,185 | $2,079,324 | $2,079,324 | $0 |
| 2022 | $24,006 | $2,038,553 | $2,038,553 | $0 |
| 2021 | $23,731 | $1,998,582 | $1,998,582 | $0 |
| 2019 | $25,372 | $2,090,886 | $1,939,303 | $151,583 |
| 2018 | $25,238 | $2,049,904 | $1,901,278 | $148,626 |
| 2016 | $24,430 | $1,969,585 | $1,827,450 | $142,135 |
| 2015 | $24,081 | $1,940,000 | $1,800,000 | $140,000 |
| 2014 | -- | $363,592 | $219,410 | $144,182 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/02/2026 02/02/26 | For Sale | $3,000,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,940,000 | Provident Title Company | |
| Warranty Deed | $290,000 | Lawyers Title Company |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $217,500 | Purchase Money Mortgage |
Source: The MLS
MLS Number: 26646443
APN: 5155-029-009
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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