SoldBroker Activity · Entry № 47

New York Developer Pays $153/SF for Koreatown Development Land

A Planned 190-205 unit LIHTC Development with a targeted 2028 groundbreaking date

PublishedJune 27, 2026
StatusSold · Closed April 29, 2026
DatelineThe Tape · Koreatown, Los Angeles
4110 W 3rd St hero photo
FIG. 01, 4110 W 3rd St / 314 S Harvard Blvd, Koreatown, Los Angeles. Listing photo via CoStar.
Four takeawaysFOUR THINGS TO KNOW · 4110 W 3RD ST / 314 S HARVARD BLVD
  1. The trade.Five years ago, many comparable Koreatown sites traded in the $250–300/SF range, with some premium sales north of $400/SF. This $153/SF sale shows how much pricing has reset.
  2. Data Point.  $153/SF is another data point showing where Koreatown development land traded.
  3. The Original Plans for this site.  Originally planned as a 171-room Hampton Inn & Suites, this site never moved forward. Nearly a decade later, it has traded as a multifamily development to a New York based developer.
  4. The Buyer Six Peak Capital.  Six Peak Capital is a New York-based multifamily developer with 50+ investments, 3,100+ completed apartment units, and 1,100+ units currently under construction. The firm is actively expanding its Los Angeles development pipeline, making it a buyer worth knowing for brokers marketing multifamily land.   Website: www.sixpeakcapital.com LinkedIn: Six Peak Capital on LinkedIn
Deal Stats · 4110 W 3rd St
Sale Price
$5.62M
recorded April 29, 2026
Price / SF (Land)
$153/SF
36,686 SF lot
Price / Acre
$6.67M
~1.05 acres per sale notes
Lot Size
36,686 SF
two parcels combined
Zoning
(T)(Q)R5-1VL / R3-1
pre-entitlement
Incentive Stack
ED1 · TOC 3 · DDA
all three active
ULA Tax Estimate
$224,779
above ULA threshold
Hold Period (Seller)
8 months
Lone Oak Fund LLC
Buyer
Six Peak Capital
SP 4110 West 3rd LP
Buyer Acq. Activity
$157.9M
tracked acquisitions

What an Operator Sees

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Written from the field

David Safai, operator, developer, GC.

Atlas Home Builders, Inc. is a Los Angeles owner-operator and general contractor. If you are a broker with a listing you want an honest read on, send the OM and the T-12 to David@AtlasBrief.La.

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