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$1,400,000
26969747 MLS
Rare ground-up development opportunity with views of Los Angeles and the surrounding canyons. Set within a gated and private setting, this approximately 0.61-acre parcel offers direct frontage on Mulholland Terrace and is currently improved with only a gravel pad, providing a clean canvas for a builder, developer, investor, or end user looking to create a custom estate. Development potential includes an approximately 6,500-square-foot, two-story single-family residence with an attached JADU, plus a separate approximately 1,200-square-foot one- or two-story ADU. An exceptional opportunity to build from the ground up in a private hillside setting with expansive city and canyon views.

8110 Mulholland Ter, Los Angeles

Courtesy of Sotheby's International Realty, Monica S. Barragan - CA DRE#01724086

$4,495,000
26871593 MLS
This is a rare turnkey development opportunity in prime Huntington Palisades - Ready-to-Issue (RTI) plans are already in hand for a 7,524 square-foot residence by acclaimed architecture studio Bureau Namas. The 8,205-SF lot sits amongst still-standing homes in the most desirable part of the neighborhood, South of Pampas Ricas, where life has returned to normal quickly after the fire. The design's main level centers on a sweeping great room that opens through walls of French doors to a grassy, private backyard with pool and spa, alongside a chef's kitchen with breakfast nook, formal dining room, den, and pantry. Downstairs, a full wellness center offers a gym, sauna, steam shower, cold plunge, and bar/play room, plus a private guest suite. Upstairs is dedicated entirely to four private suites, including a primary suite that extends the width of the home and features expansive dual baths and closets. The architecture is French Mediterranean meets Montecito-style: clay tile roof, iron-framed windows and archways that give way to a warm, light-filled interior of white oak, marble, and coffered ceilings. Other features include an elevator, two-car garage, two laundry rooms, and more. Shovel-ready, with the most uncertain phase of development already complete, plans can be walked into LADBS within days of closing.

611 Ocampo Dr, Los Angeles

Courtesy of Compass, Sam Green - CA DRE#02100618

$389,900
26963129 MLS
Attention developers, builders, and savvy investors don't miss this exciting opportunity in the heart of Los Angeles! Located at 3122 W Vernon Ave, this vacant LAC2-zoned parcel offers outstanding potential for a future development project, including the possibility to build of multiple units. Bring your vision and capitalize on this well-positioned urban location near established neighborhoods, local businesses, and major transportation routes. Opportunities like this are increasingly difficult to find. Drive by today and imagine the possibilities! Buyer to independently investigate and verify zoning, allowable uses, density, lot dimensions, utilities, development potential, permit requirements, and all other property information with the City of Los Angeles and appropriate professionals.

3122 W Vernon Ave, Los Angeles

Courtesy of Haven, Raheem Morgan - CA DRE#01755666

$1,400,000
26969747 MLS
Rare ground-up development opportunity with views of Los Angeles and the surrounding canyons. Set within a gated and private setting, this approximately 0.61-acre parcel offers direct frontage on Mulholland Terrace and is currently improved with only a gravel pad, providing a clean canvas for a builder, developer, investor, or end user looking to create a custom estate. Development potential includes an approximately 6,500-square-foot, two-story single-family residence with an attached JADU, plus a separate approximately 1,200-square-foot one- or two-story ADU. An exceptional opportunity to build from the ground up in a private hillside setting with expansive city and canyon views.

8110 Mulholland Terrace, Los Angeles

Listing courtesy of Listing Agent: Monica S. Barragan (monica@monicabarragan.com) from Listing Office: Sotheby's International Realty.

$4,495,000
26871593 MLS
This is a rare turnkey development opportunity in prime Huntington Palisades - Ready-to-Issue (RTI) plans are already in hand for a 7,524 square-foot residence by acclaimed architecture studio Bureau Namas. The 8,205-SF lot sits amongst still-standing homes in the most desirable part of the neighborhood, South of Pampas Ricas, where life has returned to normal quickly after the fire. The design's main level centers on a sweeping great room that opens through walls of French doors to a grassy, private backyard with pool and spa, alongside a chef's kitchen with breakfast nook, formal dining room, den, and pantry. Downstairs, a full wellness center offers a gym, sauna, steam shower, cold plunge, and bar/play room, plus a private guest suite. Upstairs is dedicated entirely to four private suites, including a primary suite that extends the width of the home and features expansive dual baths and closets. The architecture is French Mediterranean meets Montecito-style: clay tile roof, iron-framed windows and archways that give way to a warm, light-filled interior of white oak, marble, and coffered ceilings. Other features include an elevator, two-car garage, two laundry rooms, and more. Shovel-ready, with the most uncertain phase of development already complete, plans can be walked into LADBS within days of closing.

611 Ocampo Drive, Los Angeles

Listing courtesy of Listing Agent: Sam Green (Sam@DanUrbach.com) from Listing Office: Compass.

$389,900
26963129 MLS
Attention developers, builders, and savvy investors don't miss this exciting opportunity in the heart of Los Angeles! Located at 3122 W Vernon Ave, this vacant LAC2-zoned parcel offers outstanding potential for a future development project, including the possibility to build of multiple units. Bring your vision and capitalize on this well-positioned urban location near established neighborhoods, local businesses, and major transportation routes. Opportunities like this are increasingly difficult to find. Drive by today and imagine the possibilities! Buyer to independently investigate and verify zoning, allowable uses, density, lot dimensions, utilities, development potential, permit requirements, and all other property information with the City of Los Angeles and appropriate professionals.

3122 W Vernon Avenue, Los Angeles

Listing courtesy of Listing Agent: Raheem Morgan (RL@prolificrg.com) from Listing Office: Haven.

$975,000
26926753 MLS
RTI 4-UNIT DEVELOPMENT OPPORTUNITY IN PRIME WEST ADAMS! Exceptional opportunity to acquire a shovel-ready, Ready-to-Issue (RTI) fourplex development project featuring approximately 5,315 SF of buildable area and a highly desirable unit mix of three 3-bedroom units and one 4-bedroom unit. The thoughtfully designed project features spacious floor plans with open layouts, abundant natural light, large windows, wall-to-wall and double closets, large vanities, in-unit laundry, and on-site parking. Plans show two garage parking spaces, while the site has been designed to accommodate up to nine parking spaces. Upon completion, the property is projected to generate approximately $222,000 in annual gross rental income (buyer to verify), offering compelling economics at an asking price of just $975,000 (~$183/buildable SF). Ideally located in West Adams adjacent to Culver City, the property provides convenient access to major employment centers, transportation, shopping, dining and some of the area's most popular destinations, including Cento, Mizlala, Alta Adams, Highly Likely, Chulita and Tartine. With RTI plans already in place, a buyer can bypass much of the time, expense and uncertainty associated with the entitlement process and move toward construction. Architectural plans and Offering Memorandum available upon request. Buyer to independently verify all plans, permits, approvals, square footage, parking, projected rents/income, zoning and development information. Contact listing agent for additional details.

2637 S Longwood Ave, Los Angeles

Courtesy of Keller Williams Beverly Hills, Daniel Shamooelian - CA DRE#01984269

$975,000
26926753 MLS
RTI 4-UNIT DEVELOPMENT OPPORTUNITY IN PRIME WEST ADAMS! Exceptional opportunity to acquire a shovel-ready, Ready-to-Issue (RTI) fourplex development project featuring approximately 5,315 SF of buildable area and a highly desirable unit mix of three 3-bedroom units and one 4-bedroom unit. The thoughtfully designed project features spacious floor plans with open layouts, abundant natural light, large windows, wall-to-wall and double closets, large vanities, in-unit laundry, and on-site parking. Plans show two garage parking spaces, while the site has been designed to accommodate up to nine parking spaces. Upon completion, the property is projected to generate approximately $222,000 in annual gross rental income (buyer to verify), offering compelling economics at an asking price of just $975,000 (~$183/buildable SF). Ideally located in West Adams adjacent to Culver City, the property provides convenient access to major employment centers, transportation, shopping, dining and some of the area's most popular destinations, including Cento, Mizlala, Alta Adams, Highly Likely, Chulita and Tartine. With RTI plans already in place, a buyer can bypass much of the time, expense and uncertainty associated with the entitlement process and move toward construction. Architectural plans and Offering Memorandum available upon request. Buyer to independently verify all plans, permits, approvals, square footage, parking, projected rents/income, zoning and development information. Contact listing agent for additional details.

2637 S Longwood Avenue, Los Angeles

Listing courtesy of Listing Agent: Daniel Shamooelian (daniel@dsrealestate.com) from Listing Office: Keller Williams Beverly Hills.

$1,150,000
26933995 MLS
We are pleased to present 10958 Avalon Blvd, a compelling +/-11,785-square-foot development opportunity priced at just $97/SF in the heart of South Los Angeles. Situated on a prominent corner lot with alley access, the property is zoned LARD2-1 and benefits from a Tier 2 TOC designation, creating a variety of potential development avenues for investors and developers.The site offers the opportunity to pursue either a market-rate residential development or an affordable housing project, with particularly attractive potential under Los Angeles' Executive Directive 1 (ED1) framework. A 100% affordable ED1 development could potentially accommodate approximately 80 residential units, with no on-site parking requirement, providing an efficient development scenario utilizing a cost-effective stick-built, at-grade construction approach. The current ownership has also prepared plans for a 66-unit residential development, providing a valuable starting point for a prospective developer and demonstrating the site's residential potential.Beyond residential development, the property's existing improvements may provide an opportunity for an owner-user or entrepreneurial operator to reposition and revive the site's previous automotive use. While the existing structures are currently in disrepair, the property's zoning, corner positioning, and accessibility create flexibility for a buyer evaluating multiple strategies.The location provides excellent connectivity throughout Los Angeles, with the property positioned directly across from Alain LeRoy Locke College Preparatory Academy and convenient access to the 110 and 105 Freeways. Multiple nearby bus routes further enhance accessibility, providing connectivity for both residents and employees. The combination of transit access, proximity to major employment centers, and a substantial surrounding residential population supports the area's long-term demand for well-located housing.Buyer shall independently verify all zoning, TOC, ED1, unit-count, parking, density, development, and other property characteristics with the appropriate governmental agencies. All development concepts and unit counts are subject to Buyer's independent due diligence, approvals, and feasibility analysis. Contact the listing broker for additional information.

10958 Avalon Blvd, Los Angeles

Courtesy of Kidder Mathews of California, Inc., Casey Lins - CA DRE#01902650

$625,000
26928443 MLS
We are pleased to present a 5,930 SF vacant lot located at 202 Belmont Ave in Los Angeles, California. The subject property is located in a solid South Echo Park location, just north of Beverly Blvd and east of Alvarado St. Positioned on a 5,930-square-foot vacant corner lot in South Echo Park, the property presents a flexible development opportunity with multiple strategies to maximize value. The site offers a base density of three units and may support up to seven units through CHIP's Mixed Income Incentive Program, including one designated affordable unit. Located within a Tier 1 Transit Oriented Incentive Area, the property benefits from approximately 17,790 square feet of allowable base floor area, no minimum automobile parking requirement, and a potential height increase to approximately 56 feet. The location provides immediate access to the 101 and 110 freeways, Metro B Line, major commercial corridors, parks, dining, shopping, and Downtown Los Angeles. Offered at a low basis in a solid South Echo Park location, the property has flexible development potential on a corner lot.

202 Belmont Ave, Los Angeles

Courtesy of Marcus & Millichap, Jason Tuvia - CA DRE#01772495

$1,195,000
26783139 MLS
Introducing "The Gardner II", an exceptional West Hollywood adjacent development opportunity with tremendous upside potential. The property will be delivered with Ready-to-Issue (RTI) plans to rebuild the pre-existing, nonconforming duplex of approximately 2,400 square feet plus a detached garage. The former owner-occupied duplex, which had no rental history according to records confirmed by the Los Angeles Housing Department (LAHD), was destroyed by fire in 2024 which allowed for rebuilding a new duplex via SEC. 12.23 of LA Planning Codes. Multiple potential pathways may support the highest and best use of the lot. After rebuilding the duplex, an owner may explore adding up to two Accessory Dwelling Units (ADU's) for additional rental income; separately selling qualifying ADUs as condominiums under AB 1033 if permitted and implemented by the City; pursuing an SB 1123 small-home-lot subdivision while retaining the duplex on a designated remainder parcel; or structuring a TIC resale of the completed residences. These potential rental, subdivision, and resale strategies may provide substantial flexibility and upside beyond a conventional multifamily sale. Located within one-half mile of the major transit stop at Melrose and Fairfax, the property is identified by ZIMAS as TOC Tier 1 and falls within the scope of AB 2097. Moments from The Grove, Melrose Avenue, and West Hollywood's dining, shopping, and nightlife. Truly an exceptional development opportunity all while being delivered with ready-to-issue plans for immediate development upon close of escrow.

645 N Gardner St, Los Angeles

Courtesy of Hollywood Estates, Oliver Thornton - CA DRE#01969227

$1,150,000
26933995 MLS
We are pleased to present 10958 Avalon Blvd, a compelling +/-11,785-square-foot development opportunity priced at just $97/SF in the heart of South Los Angeles. Situated on a prominent corner lot with alley access, the property is zoned LARD2-1 and benefits from a Tier 2 TOC designation, creating a variety of potential development avenues for investors and developers.The site offers the opportunity to pursue either a market-rate residential development or an affordable housing project, with particularly attractive potential under Los Angeles' Executive Directive 1 (ED1) framework. A 100% affordable ED1 development could potentially accommodate approximately 80 residential units, with no on-site parking requirement, providing an efficient development scenario utilizing a cost-effective stick-built, at-grade construction approach. The current ownership has also prepared plans for a 66-unit residential development, providing a valuable starting point for a prospective developer and demonstrating the site's residential potential.Beyond residential development, the property's existing improvements may provide an opportunity for an owner-user or entrepreneurial operator to reposition and revive the site's previous automotive use. While the existing structures are currently in disrepair, the property's zoning, corner positioning, and accessibility create flexibility for a buyer evaluating multiple strategies.The location provides excellent connectivity throughout Los Angeles, with the property positioned directly across from Alain LeRoy Locke College Preparatory Academy and convenient access to the 110 and 105 Freeways. Multiple nearby bus routes further enhance accessibility, providing connectivity for both residents and employees. The combination of transit access, proximity to major employment centers, and a substantial surrounding residential population supports the area's long-term demand for well-located housing.Buyer shall independently verify all zoning, TOC, ED1, unit-count, parking, density, development, and other property characteristics with the appropriate governmental agencies. All development concepts and unit counts are subject to Buyer's independent due diligence, approvals, and feasibility analysis. Contact the listing broker for additional information.

10958 Avalon Boulevard, Los Angeles

Listing courtesy of Listing Agent: Casey Lins (Casey.Lins@kidder.com) from Listing Office: Kidder Mathews of California, Inc..

$625,000
26928443 MLS
We are pleased to present a 5,930 SF vacant lot located at 202 Belmont Ave in Los Angeles, California. The subject property is located in a solid South Echo Park location, just north of Beverly Blvd and east of Alvarado St. Positioned on a 5,930-square-foot vacant corner lot in South Echo Park, the property presents a flexible development opportunity with multiple strategies to maximize value. The site offers a base density of three units and may support up to seven units through CHIP's Mixed Income Incentive Program, including one designated affordable unit. Located within a Tier 1 Transit Oriented Incentive Area, the property benefits from approximately 17,790 square feet of allowable base floor area, no minimum automobile parking requirement, and a potential height increase to approximately 56 feet. The location provides immediate access to the 101 and 110 freeways, Metro B Line, major commercial corridors, parks, dining, shopping, and Downtown Los Angeles. Offered at a low basis in a solid South Echo Park location, the property has flexible development potential on a corner lot.

202 Belmont Avenue, Los Angeles

Listing courtesy of Listing Agent: Jason Tuvia (jtuvia@marcusmillichap.com) from Listing Office: Marcus & Millichap.

$1,195,000
26783139 MLS
Introducing "The Gardner II", an exceptional West Hollywood adjacent development opportunity with tremendous upside potential. The property will be delivered with Ready-to-Issue (RTI) plans to rebuild the pre-existing, nonconforming duplex of approximately 2,400 square feet plus a detached garage. The former owner-occupied duplex, which had no rental history according to records confirmed by the Los Angeles Housing Department (LAHD), was destroyed by fire in 2024 which allowed for rebuilding a new duplex via SEC. 12.23 of LA Planning Codes. Multiple potential pathways may support the highest and best use of the lot. After rebuilding the duplex, an owner may explore adding up to two Accessory Dwelling Units (ADU's) for additional rental income; separately selling qualifying ADUs as condominiums under AB 1033 if permitted and implemented by the City; pursuing an SB 1123 small-home-lot subdivision while retaining the duplex on a designated remainder parcel; or structuring a TIC resale of the completed residences. These potential rental, subdivision, and resale strategies may provide substantial flexibility and upside beyond a conventional multifamily sale. Located within one-half mile of the major transit stop at Melrose and Fairfax, the property is identified by ZIMAS as TOC Tier 1 and falls within the scope of AB 2097. Moments from The Grove, Melrose Avenue, and West Hollywood's dining, shopping, and nightlife. Truly an exceptional development opportunity all while being delivered with ready-to-issue plans for immediate development upon close of escrow.

645 N Gardner Street, Los Angeles

Listing courtesy of Listing Agent: Oliver Thornton (oliver@hollywoodestates.com) from Listing Office: Hollywood Estates.

$1,299,000
26923419 MLS
7003 sq ft R3 lot with a single family home offered for sale. PLEASE DO NOT GO ON THE PROPERTY OR DISTURB OCCUPANTS. This R3 zoned lot offers great potential for development. The property sits in a Transit Priority Area, is approved for Ministerail Approval with an affordable element,has potential for SB 35, has potential for AB 130, is designated TOC Tier 1, Moderate TCAC, is ED1 eligible, is in an Opportunity Zone, and has no rent control or relocation issues due to the SFR on the property. Buyers and their agents should satisfy themselves regarding all zoning ordinances, density allowed, etc. Tenants are month to month, and are not aware of the sale. Inside with accepted offer. Bring offers!

11429 Emelita St, Los Angeles

Courtesy of Keller Williams Beverly Hills, Joseph La Croix - CA DRE#01248586

$2,200,000
26913817 MLS
We are pleased to present the exclusive offering of Lookout Drive, a rare multifamily development opportunity ideally situated in the highly desirable Echo Park neighborhood of Los Angeles. The offering consists of four contiguous parcels (APNs 5415-016-025, 5415-016-026, 5415-016-027, 5415-016-010) and totaling approximately 28,314 square feet, creating a sizable assemblage with significant development potential in one of Los Angeles' most sought-after and supply-constrained rental markets. The property is zoned [LN1-MU2-5][RG1-FA][CPIO-O], providing investors and developers with flexibility to pursue a variety of multifamily and commercial development strategies. The site offers a base 1.5 FAR, with the potential to increase to approximately 3.0 FAR through applicable Density Bonus incentives. Each of the four parcels may allow for the development of up to nine units without requiring the allocation of units to affordable housing, creating the potential for up to 36 units across the assemblage, subject to buyer verification and applicable development requirements. Positioned just south of Dodger Stadium, the property benefits from exceptional connectivity to Chinatown, Downtown Los Angeles, and the greater Los Angeles area. Residents would enjoy convenient access to major employment centers, public transportation, dining, entertainment, and neighborhood retail throughout Echo Park and surrounding communities. The elevated setting also provides expansive views overlooking Downtown Los Angeles and the 110 Freeway corridor, offering the opportunity to create a thoughtfully designed project that captures the surrounding cityscape and enhances the site's long-term appeal. With limited remaining development opportunities in this dynamic and rapidly evolving submarket, Lookout Drive represents a compelling opportunity to develop new housing in an area characterized by strong tenant demand, limited supply, and significant barriers to entry. Whether envisioned as a multifamily community, or another residential-focused project, the assemblage provides the scale, flexibility, and location necessary to capitalize on the continued growth and desirability of Echo Park. Lookout Drive offers investors and developers the rare opportunity to acquire a substantial four-parcel assemblage in the heart of Los Angeles, combining meaningful development potential, elevated views, proximity to Downtown Los Angeles and Dodger Stadium, and long-term appreciation potential. With its prime Echo Park location, flexible development opportunities, and sizeable footprint, this offering presents an exceptional opportunity to create a signature project in one of Los Angeles' most desirable and supply-constrained neighborhoods.

626 Lookout Dr, Los Angeles

Courtesy of BRC Advisors- BH, Maxwell Forester - CA DRE#02283478

$2,495,000
26917649 MLS
A rare opportunity in the Via de la Paz bluffs with an exceptional combination of privacy, land and views. Rim-side / no rear neighbors. Direct, open views over George Wolfberg Park & Potrero Canyon. Mountain + canyon vistas. Beautiful coastal/sunset outlooks. Exceptionally private setting. Close to the Palisades bluffs and Palisades Village. The value here is the setting. The property looks out over protected open space rather than another backyard, creating a sense of depth, privacy and permanence that's rare in the Palisades. Be a part of the rebirth of glorious Pacific Palisades, happening right now. Build here and wake up to birds, sun, and soul-nourishing views at 15317 De Pauw.

15317 De Pauw Street, Los Angeles

Listing courtesy of Listing Agent: Christine Kim (ckim@theagencyre.com) from Listing Office: The Agency.

$1,299,000
26923419 MLS
7003 sq ft R3 lot with a single family home offered for sale. PLEASE DO NOT GO ON THE PROPERTY OR DISTURB OCCUPANTS. This R3 zoned lot offers great potential for development. The property sits in a Transit Priority Area, is approved for Ministerail Approval with an affordable element,has potential for SB 35, has potential for AB 130, is designated TOC Tier 1, Moderate TCAC, is ED1 eligible, is in an Opportunity Zone, and has no rent control or relocation issues due to the SFR on the property. Buyers and their agents should satisfy themselves regarding all zoning ordinances, density allowed, etc. Tenants are month to month, and are not aware of the sale. Inside with accepted offer. Bring offers!

11429 Emelita Street, Los Angeles

Listing courtesy of Listing Agent: Joseph La Croix (joelacroix13@gmail.com) from Listing Office: Keller Williams Beverly Hills.

$2,200,000
26913817 MLS
We are pleased to present the exclusive offering of Lookout Drive, a rare multifamily development opportunity ideally situated in the highly desirable Echo Park neighborhood of Los Angeles. The offering consists of four contiguous parcels (APNs 5415-016-025, 5415-016-026, 5415-016-027, 5415-016-010) and totaling approximately 28,314 square feet, creating a sizable assemblage with significant development potential in one of Los Angeles' most sought-after and supply-constrained rental markets. The property is zoned [LN1-MU2-5][RG1-FA][CPIO-O], providing investors and developers with flexibility to pursue a variety of multifamily and commercial development strategies. The site offers a base 1.5 FAR, with the potential to increase to approximately 3.0 FAR through applicable Density Bonus incentives. Each of the four parcels may allow for the development of up to nine units without requiring the allocation of units to affordable housing, creating the potential for up to 36 units across the assemblage, subject to buyer verification and applicable development requirements. Positioned just south of Dodger Stadium, the property benefits from exceptional connectivity to Chinatown, Downtown Los Angeles, and the greater Los Angeles area. Residents would enjoy convenient access to major employment centers, public transportation, dining, entertainment, and neighborhood retail throughout Echo Park and surrounding communities. The elevated setting also provides expansive views overlooking Downtown Los Angeles and the 110 Freeway corridor, offering the opportunity to create a thoughtfully designed project that captures the surrounding cityscape and enhances the site's long-term appeal. With limited remaining development opportunities in this dynamic and rapidly evolving submarket, Lookout Drive represents a compelling opportunity to develop new housing in an area characterized by strong tenant demand, limited supply, and significant barriers to entry. Whether envisioned as a multifamily community, or another residential-focused project, the assemblage provides the scale, flexibility, and location necessary to capitalize on the continued growth and desirability of Echo Park. Lookout Drive offers investors and developers the rare opportunity to acquire a substantial four-parcel assemblage in the heart of Los Angeles, combining meaningful development potential, elevated views, proximity to Downtown Los Angeles and Dodger Stadium, and long-term appreciation potential. With its prime Echo Park location, flexible development opportunities, and sizeable footprint, this offering presents an exceptional opportunity to create a signature project in one of Los Angeles' most desirable and supply-constrained neighborhoods.

626 Lookout Drive, Los Angeles

Listing courtesy of Listing Agent: Maxwell Forester (maxwell@brcadvisors.com) from Listing Office: BRC Advisors- BH.

$1,077,000
SR26189486 MLS
**PRICED TO SELL** 4-UNIT RTI DEVELOPMENT OPPORTUNITY WITH PAID PERMITS | SB8 CLEARED | SHOVEL READY | DELIVERED VACANT. Exceptional investment opportunity in the Pico-Union/Koreatown corridor featuring an existing vacant triplex on a 6,290 SF corner lot. The property includes fully approved RTI plans and approximately **$70,000 in paid permits**, allowing a developer to begin construction without the lengthy entitlement process. The approved project offers approximately 8,202 SF of gross building area with an attractive unit mix consisting of **Four Townhome Units w/ Attached 2-Car Garage** - Two 5-bed (plus office) / 5-bath units and Two 4-bed / 5-bath units. Each unit features en-suite bathrooms throughout and a private two-car garage, making the project well suited for co-living, student housing, or high-demand rental use. Additional ADU potential may exist, subject to buyer verification and applicable city requirements. Centrally located near Koreatown, Downtown Los Angeles, USC, and the I-10 and I-110 freeways. An excellent build-to-sell or long-term investment opportunity. Renderings are conceptual and may not reflect the final approved plans. Buyer to independently verify all plans, permits, square footage, development potential, and ADU feasibility.

1511 S New Hampshire, Los Angeles

Listing courtesy of Listing Agent: Rana Khanjani (rana@syncbrokerage.com) from Listing Office: Sync Brokerage.

$2,299,999
26913013 MLS
Welcome to 1020 N ARDMORE AVE, a fully entitled RTI( Ready to Issue) permit project perfect for Developers, Investors, Contractors and Builders, ready to pull permits and to start building. This SHOVEL READY 100% Affordable ED1 project features 57 units including a manager's office that can be converted into a unit, 40-1 bedroom, 17- studios across a Type V, four story, fully stacked designed which features all wood frame floors on an almost 9,000 square foot lot plus an alley that is SB8 exempt and currently a vacant land. This design has a significant savings in construction costs and time maximizing the most units with much lower construction costs compared to 5 stories and taller projects such as, Type III. Located in one of Los Angeles most vibrant and high demand area, the property located in Hollywood close to Sunset BLVD with a walk score of 87, close to restaurants, coffee shops and shopping centers. Due to its central location, the area is within top employment hubs and is minutes from Larchmont, Silverlake, Hollywood Walk of FAME, Paramount Studios, Melrose Hills and it is a highly desirable and attractive area that has other brand new construction apartments buildings nearby. The property is located in a TOC Tier 3 area, close to the Vermont/Sunset Metro Subway Station, making this very walkable and bike friendly. The stackable design features 25,292 square feet of building area with units ranging from approx 300-456 square feet. Based on the most recent schedule 6 & 9 rents from the covenant, the total monthly rents from the 57 units would bring a monthly gross income of $123,044 and yearly gross income of $1,476,528, or a buyer can look into achieving higher rents with this property being located in Tier 5, Section 8 vouchers most recently updated voucher payment standards has amounts of $2,310 for 1 bd and $2,058 for Studios for this zip code (buyer to verify). Each floor has a laundry room, outdoor bicycle area and storage. The property is currently a vacant land ready to start building right away, shovel ready!! The plans have no parking required, so developers don't have to pencil the high costs that come with on-grade parking, increasing additional significant savings to the project's construction costs and affordability. A developer can break ground right away and there has been a lot of money invested in the area. Each unit is designed for maximum affordability and optimized rental income. This development presents a rare and immediate opportunity for developers to bring much-needed affordable housing to one of LA's most sought-after areas. BUYER TO VERIFY ALL!

1020 N Ardmore Ave, Los Angeles

Courtesy of Keller Williams Hollywood Hills, Daniel Lalezari - CA DRE#01949474

Information Deemed Reliable But Not Guaranteed. © 2026 CARETS ®

Based on information from CRISNet MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.