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Residential Land for Sale in Los Angeles, California

5432 Virginia Ave, Los Angeles, CA 90029

$4,490,000
0.17 acres
Active sale
ago
Est $32,861/mo

Shovel-ready, RTI (Ready-to-Issue) 65-unit apartment development in East Hollywood. Building and grading permits issued December 2025. Approved for 65 units (31 studios and 34 one-bedrooms) across a six-story building totaling approximately 48,525 buildable SF on a combined approximately 14,992 SF lot (two parcels: APN 5536-010-009 and 5536-010-010). Fourteen indoor recreation rooms can convert to ADUs for a path to 79-81 units. Entitled under R4-1VL with Tier 3 TOC: 4.5:1 FAR, 67-ft height, and zero required parking under AB 2097. CEQA-exempt (SB 35), by-right, with no discretionary hearings remaining. Predominantly market units with a modest Extremely Low Income (ELI) affordable set-aside. Located within a federal Opportunity Zone. Walking distance to the Vermont/Santa Monica Metro B Line; minutes from Kaiser Permanente, Children's Hospital LA, Silver Lake, and Virgil Village. Blocks from the Echelon Studios mega-development. Complete plan set and construction pricing available. A permit-ready basis for an apartment developer or ground-up multifamily buyer. The site is vacant and cleared - all prior structures have been demolished - leaving a flat, development-ready lot. All information is from sources deemed reliable but is not guaranteed; the property is offered strictly AS-IS, WHERE-IS, with all faults and no representation or warranty of any kind. Buyer is solely responsible for 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, and development potential. Buyer assumes all risk.

Location

Street address
5432 Virginia Ave
Zip code
90029
Community
Hollywood
Elevation
331 feet
Coordinates
34.0917, -118.308

Directions

From the 101 Freeway, exit Vermont Ave; head to W Virginia Ave. The property (5430-5438 W Virginia Ave) is in East Hollywood near the Vermont/Santa Monica Metro B Line, between N Serrano Ave and N Oxford Ave.

Property details

Lot size
0.172 acres7,492 sq ft
Zoning
LAR4-1VL (Tier 3 TOC)
MLS #
CLAW 26844929
Posted

Parcels

  • 5536-010-009

Details and features

Listing

Type
Land

Lot

View
City

Listing history

DateEventPriceChangeSource
June 9, 2026New listing$4,490,000CLAW
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This 0.172-acre property is located at 5432 Virginia Ave in Los Angeles, CA 90029. The property is available for sale for $4,490,000.

Listed by Bessa Properties, (310) 666-4923

Checked 2 hours agoUpdated Source

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