5430-5438 Virginia Ave - Residential LAND FOR SALE


Los Angeles, CA 90029- East Hollywood14,810 SF
$4,490,000 USD
310-666-4923
5430-5438 Virginia Ave, Los Angeles, CA for Sale
$4,490,000 USD
Residential LAND - FOR SALE
1/9
14,810 SF

5430-5438 Virginia Ave
Los Angeles, CA 90029
East Hollywood


HIGHLIGHTS

  • RTI - building & grading permits issued; stamped plans convey
  • 65 units approved; ADU path to 79-81 units; +/-48,525 buildable SF
  • Opportunity Zone + Tier 3 TOC; 0 parking required (AB 2097)
  • Semi-subterranean - no deep excavation or shoring; lower construction cost
  • CEQA-exempt (SB 35), by-right - no discretionary hearings remain
  • Walk to Vermont/Santa Monica Metro B Line; near Echelon Studios mega-development

OVERVIEW

Shovel-ready, RTI (Ready-to-Issue) 65-unit apartment development in East Hollywood (90029) - building and grading permits ISSUED December 2025. A permit-ready, ground-up multifamily development site with stamped plans, within a federal Opportunity Zone. Approved for 65 units (31 studios + 34 one-bedrooms), 6 stories, +/-48,525 buildable SF on a combined +/-14,992 SF lot (two parcels: APN 5536-010-009 and 5536-010-010); 14 rec rooms convertible to ADUs (path to 79-81 units). R4-1VL, Tier 3 TOC: 4.5:1 FAR, 67 ft, ZERO parking required (AB 2097). CEQA-exempt (SB 35), by-right, no discretionary hearings. Predominantly market-rate (10% ELI). The site is vacant and cleared - all prior structures have been demolished - leaving a flat, development-ready lot. Walk to the Vermont/Santa Monica Metro B Line; adjacent to the Echelon Studios mega-development. Full plan set and GC budget available. DISCLAIMER: All information is from sources deemed reliable but is NOT guaranteed and has not been independently verified by the broker or seller. The property is offered and sold strictly AS-IS, WHERE-IS, with all faults and without any representation or warranty of any kind, express or implied. Buyer is solely responsible for conducting 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, environmental conditions, and development potential. Neither broker nor seller guarantees the accuracy or completeness of any information, and buyer assumes all risk.

FOR SALE DETAILS

PRICE

$4,490,000 USD

PRICE/ACRE

$13,206,232/AC

PRICE/SF

$303 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

RTI 65-Unit Apartment Dev | Opportunity Zone

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

0.34 AC

LAND SF

14,810 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

LAR4

APN/PARCEL ID

5536-010-009,5536-010-010

ASK ABOUT THIS PROPERTY

Ariel MossazadehBessa Properties, IncMore Info
310-666-4923

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Ariel MossazadehBessa Properties, IncMore Info
310-666-4923

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