0.17 Acres of Land for Sale in Los Angeles, CA

price

$4,490,000|Listed: Jun 8, 2026

MLS#872511493

location

5432 Virginia Ave, Los Angeles, Los Angeles County, California

Status:Active

Property Type

  • Recreational Land

Acreage

0.17 acres

County

Los Angeles

Format

Sale

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.

Listing Agent

img

Ariel Mossazadeh

company

Bessa Properties, Inc

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Co-op approved lenders in Los Angeles County, California:
Farm Credit
Find A Loan

Want to learn more about our financing options?

Enter your email below to receive free resources and information.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Boa Safra - Farm Credit Partner
RLI Image

Similar land for sale

View All
Prime Agricultural Land - Dixon, California, 95620

Premier Listing

Prime Agricultural Land
price

$6,700,000|Listed: Apr 3, 2018

acres

316 Acres

location

Dixon, California, 95620

Hog Island - Stockton, California, 95219

Premier Listing

Hog Island
price

$247,000|Listed: Feb 7, 2021

acres

35.73 Acres

location

Stockton, California, 95219

Hog Island Recreation Facility Offering - Stockton, California, 95206

Premier Listing

Hog Island Recreation Facility Offering
price

$995,000|Listed: Jan 17, 2022

acres

65.02 Acres

location

Stockton, California, 95206

Arnerich Ranch - Livermore, California, 94550

Premier Listing

Arnerich Ranch
price

$4,399,000|Listed: Oct 22, 2025

acres

2,928 Acres

location

Livermore, California, 94550