Is Radio Korea selling the radio towers in its 38-acre property posting?
Although there are no transmission towers included, the 38-acre property should intrigue developers.
Multiple radio broadcast structures that are part of the property are where the station’s transmitter is situated; nevertheless, the listing specifically states that the towers and the vicinity around them are not included in the sale.
The undeveloped site, which consists of two neighboring acres, is being offered by P&Y for slightly over $38 million. The listing, which delves heavily into the property’s clear potential attraction to speculators or other developers, went live on property websites on Thursday.
The listing exclaims, “An incredibly RARE OPPORTUNITY to construct one of the VERY few EXTREMELY extensive land accessible to DOWNTOWN LOS ANGELES,” while highlighting the property’s views and vicinity to numerous significant freeways, parks, and medical facilities.
The listing’s broker, Wade Woodcock of Keller Williams, did not immediately reply to a request for a response.
The property is situated at 4600 Carter Drive in Los Angeles, in an Eastside neighborhood that is semi-rural and residential.
Since many years ago, various radio stations have owned the location. According to documents, P&Y paid $8 million for the bigger of the two properties, which is 22 acres, in 2007. The vendor was a radio station situated in Seattle.
The broadcasting company was established in 2007 and has its main office on Wilshire Boulevard, in the center of Koreatown. According to a 2007 media report, it paid $33 million for KMPC, the station that later became the home of Radio Korea and had previously broadcast on a separate channel.
The Los Angeles Dodgers have a long relationship with Radio Korea, one of the top Korean-language stations in the area.
The 24-acre site of Marymount California University, a local college on the Palos Verdes Peninsula that previously confirmed its imminent closure, also hit the market in June, sparking a frenzy of development interest. The 38-acre land block, which is currently designated for agricultural use, is among the largest possible development sites to have recently reached the market in Greater L.A.