We are excited to offer a unique investment opportunity with the presentation of 643 N Rossmore Ave, a prime vacant lot in the prestigious Hancock Park & Larchmont Village area of Los Angeles. Spanning 6,459 square feet and zoned R4-2 within a Tier 1 Transit Oriented Community (TOC), this property stands out as an ideal site for multifamily development. Developers have the potential to construct 16 units by-right, with the option to expand to 26 units by leveraging TOC incentives. Preliminary plans are already in place for a 25-unit, six-story apartment complex totaling 18,641 square feet. The proposed project includes 23 one-bedroom units ranging from 513 to 590 square feet and two three-bedroom units between 840 to 850 square feet. Additionally, the plans provides for subterranean and ground level parking with a total of 18 spaces. This property is not only situated in a prime location just south of Melrose Ave, but it also boasts a high walk score of 93. It's a short distance from the Wilshire Country Club, Los Angeles Tennis Club, and the Marlborough School, and within walking distance to a variety of retail amenities along N Larchmont Blvd. Paramount Studios is also just half a mile away. The neighborhood's strong demographics are highlighted by an average household income of $91,486 within a 5-mile radius and a median home value of over $1 million within two miles, making it an attractive area for residential development. The central location offers easy commutes throughout Los Angeles, including Hollywood, West Hollywood, Beverly Hills, Los Feliz, and La Brea. This vacant lot presents a unique opportunity for developers seeking a project with significant density potential, in a sought-after location, without the need for relocation.
Prime development opportunity in the rapidly growing Virgil Village area on the edge of Silver Lake! Don't miss this chance to build. Additionally, you have some options to purchase a total of 2 lots together, totaling apx. 13,012 SQ.FT., by including the adjoining parcels at 439 N. Commonwealth Ave ($1,000,000) or total of 4 lots together, totaling apx. 21,868 SQ.FT., by including the adjoining parcels at 440 N Virgil Ave &5539-035-020 ($1,500,000) & 439 N. Commonwealth Ave ($1,000,000). The properties are being sold for land value.
Prime development opportunity in the rapidly growing Virgil Village area on the edge of Silver Lake! Don't miss this chance to build. Additionally, you have some options to purchase a total of 2 lots together, totaling apx. 13,012 SQ.FT., by including the adjoining parcels at 441 N. Commonwealth Ave ($1,000,000) or total of 4 lots together, totaling apx. 21,868 SQ.FT., by including the adjoining parcels at 440 N Virgil Ave &5539-035-020 ($1,500,000) & 441 N. Commonwealth Ave ($1,000,000). This property is being sold for land value.
Prime development opportunity in the rapidly growing Virgil Village area on the edge of Silver Lake! Don't miss this chance to build. The total area of the 2 parcels is apx. 8,856 SQ.FT., including R3: 6,856 SQ.FT. (440 Virgil Ave) and R2: 2,000 SQ.FT. (APNs 5539-035-020). The property is currently owner-occupied but will be delivered vacant. The properties are being sold for land value. Additionally, you have the option to purchase a total of 4 lots together, totaling 21,868 SQ.FT., by including the adjoining parcels at 439 N. Commonwealth Ave ($1,000,000) and 441 N. Commonwealth Ave ($1,000,000).
Prime development opportunity in the rapidly growing Virgil Village area on the edge of Silver Lake! Don't miss this chance to build. Additionally, you have some options to purchase a total of 2 lots together, totaling apx. 13,012 SQ.FT., by including the adjoining parcels at 439 N. Commonwealth Ave ($1,000,000) or total of 4 lots together, totaling apx. 21,868 SQ.FT., by including the adjoining parcels at 440 N Virgil Ave &5539-035-020 ($1,500,000) & 439 N. Commonwealth Ave ($1,000,000). The properties are being sold for land value.
Prime development opportunity in the rapidly growing Virgil Village area on the edge of Silver Lake! Don't miss this chance to build. Additionally, you have some options to purchase a total of 2 lots together, totaling apx. 13,012 SQ.FT., by including the adjoining parcels at 441 N. Commonwealth Ave ($1,000,000) or total of 4 lots together, totaling apx. 21,868 SQ.FT., by including the adjoining parcels at 440 N Virgil Ave &5539-035-020 ($1,500,000) & 441 N. Commonwealth Ave ($1,000,000). This property is being sold for land value.
Prime development opportunity in the rapidly growing Virgil Village area on the edge of Silver Lake! Don't miss this chance to build. The total area of the 2 parcels is apx. 8,856 SQ.FT., including R3: 6,856 SQ.FT. (440 Virgil Ave) and R2: 2,000 SQ.FT. (APNs 5539-035-020). The property is currently owner-occupied but will be delivered vacant. The properties are being sold for land value. Additionally, you have the option to purchase a total of 4 lots together, totaling 21,868 SQ.FT., by including the adjoining parcels at 439 N. Commonwealth Ave ($1,000,000) and 441 N. Commonwealth Ave ($1,000,000).
We are proud to present for sale this development opportunity in Prime Wilshire Center - Koreatown. R3 zoning and TOC Tier 3 located on an expansive 7,502 square foot lot with 50 feet of frontage. Centrally positioned near Hollywood, Los Feliz, Hancock Park, Silver Lake, and Downtown. Highly walkable location with a Walk Score of 90. Situated in an area of rapid development, this property benefits from its close proximity to major transportation routes, employment hubs, healthcare facilities, and educational institutions. Unleash the full development potential of this lot by utilizing one of the many available state or local density bonus incentives. Commercial tenant in place operating a state licensed child day care facility offers great rental income to a long term investor or to a developer during the entitlement process. Owner has topo, soils and conceptual plans for 19 unit apartment building.
Desirable vacant residential development site opportunity. Spacious corner lot on Wilton and Beverly Boulevard. Lot/Parcel calculated to 6,939.2 ft. Zone R3-1 with general plan land use for medium residential.
REDUCED! We are pleased to exclusively present for sale a fully Ready-to-Issue construction project of 6 residential dwellings consisting of five 3 story units and one ADU in the East Hollywood neighborhood of Los Angeles. Situated on N. Harvard Blvd. between Melrose Ave. and Clinton St., this 7,498 SF R3-1 Tier 2 lot has 50 feet of frontage. The property is scraped and ready for it's future. Plan Check is fully approved, with Permits Ready-to-Issue! Get your construction crew ready! The design consists of four 3+3 Townhomes-style units, one 4+4 SFR and one attached 2+1 ADU totaling 6,963 SF of rentable square footage. The project features three separate structures with the middle unit sharing no walls with neighbors. The Front Structure is a 3 Story Duplex with an attached ADU. The Middle Structure is a 3 Story Single Family Residence. The Back Structure is a 3 Story Duplex. All the 3+3 Townhomes & SFR will have 2 parking spaces each (total of 10 parking spaces on site). The simplicity of construction for this project will save a developer on costs and speed them to the finish line! The property comes with an SB8 Replacement Unit Determination Letter stating that "no affordable replacement units are required." This site is tucked in between Hollywood, Silver Lake and Koreatown - all areas in Los Angeles that are going through or have already gone through tremendous redevelopment, all with a great nightlife scene and amenities that future residents may desire. Walk Score calls this area a Walker's Paradise! With a convenient and central location, quick access to the 101 freeway and about a mile away from the Metro Station, this property should be an easy commute to anywhere in the Greater Los Angeles.
We are are pleased to present the sale of a prime development opportunity in Koreatown at 146 N Berendo St, Los Angeles, CA 90004. This vacant 7500 SF land, previously a single-family house, is zoned R3-1, Tier 3 TOC, located within an Opportunity Zone, is eligible for an designation to construct around 57 units. The seller has secured entitlements for a 15-unit development with subterranean parking but a savvy investor will likely redesign the project into a higher density design. Berendo is walking distance to pretty much all, including the Metro Subway Station waiting for the westward expansion to Westwood, or take the Subway to Hollywood, Downtown, or connect to practically anywhere in the Greater Los Angeles area!
Presented for sale is a centrally located prime R4-1 lot for development in Los Angeles. Property is "ED-1 eligible site" which offers affordable housing developers amazing incentives such as unlimited density & height increase bonus, zero parking requirements, 100% increase of base FAR ratio, streamlined and faster ministerial approval process and many more. This lot boasts central location minutes to Hollywood, Silver Lake, Downtown LA or Korea Town with a WalkScore of 92/100 - walker's paradise. The neighborhood has a lot of nearby conveniences, stores and restaurants. It is close to public transportation and major freeway access. Property is also located inside the Opportunity Zone, which can give major tax incentives to the right developer. Current structure is a 3-unit building which will be delivered vacant. No eviction, relocation assistance or SB8 replacement of protected units/tenants necessary. This is not to be missed! Contact listing agent today!
Desirable vacant residential development site opportunity. Spacious corner lot on Wilton and Beverly Boulevard. Lot/Parcel calculated to 6,939.2 ft. Zone R3-1 with general plan land use for medium residential.
Sale Price includes 339 & 341 N Virgil Ave. APNs: 5501-002-018 & -019. Must be purchased together. Bank REO Vacant Ideal for Owner UserTwo Single Family Residencies - CombinedRedevelopment potential - [T][Q]MR1-1VL Designated Qualified Opportunity Zone Vermont/Western Transit Oriented District Specific Plan - Subarea D Industrial/ Commercial Convenient Freeway Access (101- Hollywood)+605,324 Residents living within a 3-mile radius
The median home value in Los Angeles, CA is $912,500. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Los Angeles, CA is $912,500. Approximately 33.96% of Los Angeles homes are owned, compared to 58.13% rented, while 7.92% are vacant. Los Angeles real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Los Angeles real estate agent to arrange a tour today!
Los Angeles, California 90004 has a population of 3,902,440. Los Angeles 90004 is less family-centric than the surrounding county with 28.08% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Los Angeles, California 90004 is $69,778. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Los Angeles 90004 is 36.2 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 45.9 degrees. The average rainfall is approximately 15.5 inches per year, with 0 inches of snow per year.