944 N Ogden Drive and 947 N Genesee Ave Land FOR SALE


West Hollywood, CA 13,229 SF
$3,900,000 USD
818-212-2692
, West Hollywood, CA for Sale
$3,900,000 USD
Land - FOR SALE
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944 N Ogden Drive and 947 N Genesee Ave
West Hollywood, CA


HIGHLIGHTS

  • Vacant infill lots totaling ± 13,000 SF in prime West Hollywood with Walk score of 96 (Walker’s Paradise) — steps to Melrose shops and dining.
  • Combined development potential for up to 34 units under AB 1287.
  • Eligible for SB 684 streamlining for small, for-sale projects (= 10 units).
  • Seller financing available — flexible terms for qualified developers.
  • No parking required with AB 2097 proximity to major transit.
  • Lots may be sold together or separately, offering flexible acquisition options.

OVERVIEW

Marcus & Millichap is pleased to present 944 N Ogden Dr and 947 N Genesee Ave, two vacant R3-B zoned parcels totaling approximately 13,000 square feet in a highly sought-after West Hollywood location. Situated just off Melrose Avenue and North Fairfax, these contiguous lots offer an outstanding opportunity for a boutique luxury condominium or multifamily redevelopment in one of Los Angeles’ strongest infill markets. Each parcel is approximately 6,500 square feet and zoned R3 (Multi-Family Medium Density). The properties may be purchased individually or together, providing flexibility for developers pursuing smaller infill projects or a larger, combined assembly. The two parcels were previously approved together for a 10-unit luxury townhome condominium project, confirming entitlement feasibility and establishing a clear precedent for future development. Combined, the sites offer by-right potential for 16 units, and up to 34 units under AB 1287, which provides an additional 50% density bonus for projects that include both low- and moderate-income housing. Located within a half-mile of major public transit, the sites also qualify under AB 2097, which eliminates parking minimums for new developments in transit-rich areas — significantly reducing construction costs and design constraints. Additionally, the parcels may qualify for streamlined, ministerial approval under SB 684, California’s 2024 legislation that expedites small, for-sale infill projects with 10 or fewer units. The seller is open to providing attractive financing to qualified developers, including potential below-market, interest-only bridge terms, offering a rare opportunity to maximize leverage and returns during the entitlement and pre-construction phases.

ASK ABOUT THIS PROPERTY

Shara ParseghianMarcus & MillichapMore Info
818-212-2692

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Shara ParseghianMarcus & MillichapMore Info
818-212-2692

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