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$ 4,490,000
Est. payment /mo
New
5432 Virginia AVE Los Angeles, CA 90029
0.34 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26844929
HOA Y/N No
Lot Size 0.344 Acres
Property Description
Shovel-ready, RTI (Ready-to-Issue) 65-unit apartment development in East Hollywood. Building and grading permits issued December 2025. Approved for 65 units (31 studios and 34 one-bedrooms) across a six-story building totaling approximately 48,525 buildable SF on a combined approximately 14,992 SF lot (two parcels: APN 5536-010-009 and 5536-010-010). Fourteen indoor recreation rooms can convert to ADUs for a path to 79-81 units. Entitled under R4-1VL with Tier 3 TOC: 4.5:1 FAR, 67-ft height, and zero required parking under AB 2097. CEQA-exempt (SB 35), by-right, with no discretionary hearings remaining. Predominantly market units with a modest Extremely Low Income (ELI) affordable set-aside. Located within a federal Opportunity Zone. Walking distance to the Vermont/Santa Monica Metro B Line; minutes from Kaiser Permanente, Children's Hospital LA, Silver Lake, and Virgil Village. Blocks from the Echelon Studios mega-development. Complete plan set and construction pricing available. A permit-ready basis for an apartment developer or ground-up multifamily buyer. The site is vacant and cleared - all prior structures have been demolished - leaving a flat, development-ready lot. All information is from sources deemed reliable but is not guaranteed; the property is offered strictly AS-IS, WHERE-IS, with all faults and no representation or warranty of any kind. Buyer is solely responsible for its own independent due diligence and for verifying all information and claims, including entitlements, RTI status, permits, plans, zoning, unit counts, square footages, lot size, soils, and development potential. Buyer assumes all risk.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR4-1VL (Tier 3 TOC)
Interior
Fireplace No
Exterior
View Y/N Yes
View City Lights
Building
New Construction No
Others
Senior Community No
Tax ID 5536010009
Special Listing Condition Standard
Listed by Ariel Mossazadeh Bessa Properties, Inc #02157194
NEARBY SCHOOLS & PROPERTIES
Lisa Bethel
Advisor | Accredited Buyer's Representative | Seniors Real Estate Specialist® | License ID: 02046953