Exceptional 100% Vacant Development Opportunity in the Heart of Westlake, Los Angeles This is a rare opportunity to acquire approximately 15,760 square feet of 100% vacant LAR3 Tier 1 TOC-zoned land in one of Los Angeles' most active and rapidly evolving multifamily markets. Offering exceptional flexibility and significant upside, the property presents multiple development paths for investors and developers alike. Current development opportunities include: Planning and Housing approvals already in place for a 65-unit, 100% affordable, four-story residential project totaling approximately 41,272 square feet, supported by a Letter of Determination. Potential to redesign and maximize the site under Executive Directive 1 (ED1) for a 140+ unit affordable housing development (subject to approvals). SB 684 small-lot subdivision potential, allowing for the development of up to 10 small lot homes (buyer to verify). Strategically positioned in the highly desirable Westlake neighborhood, the property offers outstanding connectivity with immediate access to the 101, 110, and 10 Freeways, providing convenient access to Downtown Los Angeles and neighboring employment and lifestyle hubs including Koreatown, MacArthur Park, East Hollywood, Silver Lake, Echo Park, Chinatown, and Pico-Union. Westlake is recognized as one of Los Angeles' strongest and most densely populated rental markets, supported by consistent housing demand, excellent public transportation, and proximity to major employment centers. This combination creates an outstanding opportunity for developers seeking a well-located project with long-term investment potential. The property is offered 100% vacant, allowing a buyer to move forward without the challenges of tenant relocation while taking advantage of the site's zoning and development flexibility. Prospective buyers are encouraged to conduct their own independent due diligence regarding zoning, entitlements, and development potential.