1853 Garfield Pl - Residential LAND FOR SALE


Los Angeles, CA 90028- Hollywood9,766 SF
$1,595,000 USD
310-710-1018
1853 Garfield Pl, Los Angeles, CA for Sale
$1,595,000 USD
Residential LAND - FOR SALE
1/11
9,766 SF

1853 Garfield Pl
Los Angeles, CA 90028
Hollywood


HIGHLIGHTS

  • Delivered ready-to-issue for a 23-unit condominium project on a ±9,970 SF lot zoned R3-1
  • Benefits from Transit Oriented Communities Tier 3 incentives, enabling increased density and reduced parking requirements
  • ±27,052 SF of proposed floor area across six residential levels over two levels of parking, with 25 on-site spaces
  • 23 condominiums with a majority 2-bedroom and 3-bedroom units, with an optimized unit mix for the creative corridor’s renter and resident needs
  • Listed at $1,595,000 ($160/SF land), offering an attractive entry point for a build-to-sell or build-to-hold multifamily or condominium strategy
  • One block from the Hollywood/Western Metro station, two blocks from Gelson's, Target, and the 101 Freeway: Walk Score 85

OVERVIEW

Maher Commercial Realty is pleased to present 1853 Garfield Place, a ready-to-issue condominium development opportunity nestled in the foothills of Griffith Park, at the intersection of Franklin Avenue and Western Avenue in Hollywood — immediately adjacent to the coveted Los Feliz neighborhood. Offered at $1,595,000, this ±9,970 SF vacant, gated lot is approved for a 23-unit condominium project and delivered RTI, providing a developer with a direct path to permit issuance and a meaningful reduction in pre-construction timeline and entitlement risk. The project is designed as a six-story building comprising six levels of residential condominiums over two levels of subterranean parking, with a total proposed floor area of ±27,052 SF. The 23-unit mix is calibrated to capture broad buyer demand: majority 2-bedroom and 3-bedroom units, including 3 ELI-designated affordable units in compliance with TOC Tier 3 requirements. On-site subterranean parking totals 25 spaces. The property benefits from R3-1 zoning and TOC Tier 3 designation, and sits within one of central Los Angeles' most supply-constrained ownership corridors. Entitled, shovel-ready condominium opportunities of this scale are exceptionally rare in this submarket. The site is one block from the Hollywood/Western Metro station and only 0.5 miles from Netflix headquarters, positioning it squarely within Hollywood's expanding studio district. Major entertainment industry employers — including Paramount Studios, Sunset Gower Studios, Viacom, and Technicolor — are all within close proximity, supporting a deep and consistent pool of prospective condominium buyers and renters alike. Day-to-day conveniences are equally strong: Gelson's, Target, and the 101 Freeway are two blocks away, while the vibrant corridors of Los Feliz Village, Silver Lake, and Sunset Junction are minutes from the front door. The Greek Theatre and Griffith Observatory are a short five-minute drive, and the surrounding neighborhood offers a dense walkable fabric of cafes, restaurants, boutiques, gyms, and grocery options. With a Walk Score of 85, Transit Score of 63, and immediate freeway access, 1853 Garfield Place delivers the connectivity that today's condominium buyer demands — without the premium pricing of the Westside. At $160 per square foot of land, 1853 Garfield Place represents a compelling basis for a developer seeking a de-risked, design-ready project in a neighborhood defined by strong ownership demand, enduring lifestyle appeal, and a limited pipeline of comparable entitled opportunities.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/ACRE

$7,114,279/AC

PRICE/SF

$163 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family

LAND ACRES

0.22 AC

LAND SF

9,766 SF

OFFSITE IMPROVEMENTS

-

ZONING

R-3-1 TOC Tier 3

APN/PARCEL ID

5544-003-045

ASK ABOUT THIS PROPERTY

Nicole LuMaher Commercial RealtyMore Info
310-710-1018

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Nicole LuMaher Commercial RealtyMore Info
310-710-1018

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.