Daniel Shamooelian

$1,800,000

Los Angeles, California, 90026

We are pleased to present an exceptional development opportunity in Downtown Los Angeles. Rare vacant corner lot located at 1400 W Miramar St, offering approximately 8,454 square feet with dimensions of roughly 60' x 141'. Zoned CW (comparable to R4 zoning) and situated within a TOC Tier 2 zone, this property presents a compelling opportunity for developers seeking a multifamily or affordable housing project in a rapidly growing urban corridor. The site has been vacant for over five years, eliminating the need for tenant relocation and avoiding complications associated with occupied properties. Current zoning allows for approximately 21 residential units by right, with the potential for up to 43 units utilizing TOC incentives and ADUs (buyer to verify). The property may also be a strong candidate for an ED1 100% affordable housing development.Ideally positioned in the heart of Downtown Los Angeles, this centrally located property offers convenient access to major employment centers, public transportation, shopping, dining, entertainment, and essential city services. Just minutes from some of LA's premier destinations, including LA Live, Crypto.com Arena, and the Los Angeles Convention Center, the site benefits from a vibrant mix of restaurants, retail, nightlife, and cultural attractions. With easy access to major freeways and numerous employment hubs, its strategic location and development-friendly characteristics make it a standout opportunity for investors and builders seeking to capitalize on the continued demand for housing in one of Southern California's most dynamic urban markets. Buyer to independently verify all zoning, development potential, density bonuses, TOC incentives, ED1 eligibility, and applicable building requirements with the City of Los Angeles. Contact listing agent for additional information.

$1,350,000

0.17 Acres

Los Angeles, California, 90029

PRICE REDUCED! We are pleased to present a prime R3, TOC Tier 3 development opportunity in the heart of Silver Lake! Located just steps from the highly desirable Sunset Junction, this vacant 7,500 SF lot offers exceptional upside in one of Los Angeles' most in-demand rental markets. The property allows for the development of 9 units by right, or up to 21 units utilizing TOC Tier 3 incentives, plus potential ADUs (buyer to verify). The site features ideal 50' x 150' lot dimensions, and key pre-development work has already been completed, including rough grading, survey, and soils report, providing meaningful savings in both time and upfront costs. With no existing structures, the site offers a rare opportunity to avoid rent stabilization, tenant relocation, and demolition expenses. The property may also be well-suited for a 100% affordable ED1 project, offering additional flexibility and potential entitlement advantages. Surrounded by significant new development, the area benefits from strong rental demand, with nearby lease comps averaging approximately $3.50 per square foot. The location provides convenient access to Echo Park, Koreatown, Downtown Los Angeles, and is just moments from the vibrant restaurants, cafes, entertainment, and shopping along Sunset Boulevard. Do not miss this exceptional opportunity to build in one of Los Angeles' most desirable and supply-constrained neighborhoods. Buyer to verify all zoning, density, and development potential with LADBS. Contact listing agent for additional details!

$1,390,000

0.16 Acres

Los Angeles, California, 90015

Keller Williams Commercial is pleased to present for sale a rare ED1 100% affordable housing RTI development opportunity in the heart of Pico Union, just minutes from Downtown Los Angeles. At just $35,000/unit, the project is fully entitled for 39 units and is located within a Section 8 Tier 4 submarket (the highest Section 8 payment tier!), offering enhanced revenue potential and a streamlined path to construction. Approved plans include 30 one-bedroom units, 5 studios, and 4 ADUs, totaling approximately 23,771 square feet of building area. The unit mix consists of 27 units reserved for low-income households, 7 units reserved for moderate-income households, and 5 market-rate units. The subject property is vacant land, eliminating any tenant relocation requirements and further reducing development risk. With RTI permits secured and ED1 advantages in place, the project is truly shovel-ready, allowing a developer to break ground immediately without the time and uncertainty of the entitlement process. Ideally located just minutes from LA Live, Convention Center, and a wide range of shopping and dining amenities, the property sits in one of LA's most active and supply-constrained rental corridors. With strong demand for affordable housing, premium voucher levels, and favorable ED1 incentives, this offering presents a compelling opportunity to deliver a high-density project in a prime infill location. Contact listing agent for more details or set of approved plans!

$1,495,000

0.16 Acres

Los Angeles, California, 90019

NEW YEAR, NEW PRICE! Don't miss this rare opportunity to build a 20-unit multifamily project "Near RTI" in the highly sought-after Picfair Village neighborhood! Currently vacant land, you'll save approximately $50,000 in demolition costs with no tenant relocation required! Subject property has been vacant land for 5 years so will be clear SB 8!! This offering includes completed Architectural Plans, Structural Plans, Survey, Soils Report, and Landscape Plan, saving you both time and money in pre-construction. The approved design features a 5-story apartment building with one level of subterranean parking, perfectly suited for the area's strong rental demand. Subject property is zoned (Q)R3-1, TOC Tier 3, with a lot size of 6,886 sqft (55 by 125 ft). Also an excellent candidate for an ED-1 100% fully affordable project! Enjoy a central location just moments from local dining, shopping, and public transportation, ideal for future tenants seeking convenience and lifestyle. Minutes from the Grove, LACMA, the 10-Freeway, and more. Offered As-Is. Contact listing agent for more details or full set of plans. Seller makes no warranties or representations regarding the existing plans.

$1,449,000

0.15 Acres

North Hollywood, California, 91601

PRICE REDUCED! Only ~$30,000 per unit!! KW Commercial is proud to present an exceptional ready-to-issue (RTI) 46-unit, 100% affordable housing ED 1 development opportunity located in the heart of North Hollywood's vibrant NOHO Arts District! Situated on a 6,591 sq. ft. corner lot, this 5-story apartment project is thoughtfully designed for maximum efficiency and minimal construction complexity. The unit mix includes 2 two-bedroom units, 27 one-bedroom units, and 16 studios, offering approximately 19,925 sq. ft. of rentable space. Located less than half a mile from the NOHO Metro Red Line Station, residents will enjoy easy access to public transportation and the abundance of shopping, dining, and entertainment that make the NOHO Arts District one of Los Angeles' most desirable neighborhoods. With a Walk Score of 87 and a Bike Score of 74, the property promises high tenant demand and stable occupancy for years to come. This 100% affordable housing community includes: 2 units reserved for very low-income households ( 50% AMI), 34 units reserved for low-income households ( 80% AMI), 8 units reserved for moderate-income households ( 110% AMI), and 1 market-rate manager's unit. Rents for the very low-and moderate-income units follow HCD Schedule VI, while the low-income units align with TCAC Schedule IX. Additionally, the property's location is ideal for attracting Section 8 voucher tenants, potentially increasing rental income by up to 20% per unit. The proposed design features zero parking spaces, significantly reducing construction costs for developers. The site is currently improved with a vacant duplex, eliminating the need for tenant relocation and ensuring a smooth path to construction. Don't miss this rare opportunity to develop a fully affordable housing project in a high-demand Los Angeles neighborhood, all at an exceptional value of just under $30,000/per unit!! May be delivered as a vacant lot if desired. Contact the listing agent today for additional information or to request a full set of approved plans.