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1301 N Alexandria Avenue

Los Angeles, CA 90027
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SqFt7,067

Sqft(Lot)

We are pleased to present 1301 N Alexandria Avenue, a 51-unit workforce housing development opportunity in East Hollywood. The site sits on a 7,067 square foot corner lot at Alexandria and Fountain Avenues, just south of Sunset Boulevard and moments from Los Feliz and Silver Lake. The property is currently demolished and will be delivered ready-to-issue (RTI), allowing a buyer to break ground immediately. The approved plans call for a highly efficient five-story, 62-foot building constructed entirely of Type III-A wood-frame construction, with no podium and no parking structure. The fully sprinklered R-2 building totals approximately 19,530 square feet and delivers 48 one-bedroom units, two two-bedroom units, and one studio, complemented by a 2,075 square foot rooftop common deck and priva te balconies on select units. The project is designed for working professionals: nurses, technicians, administrative staff, and service workers who want to live near their jobs at rents they can sustain. Efficient one-bedroom floor plans match this renter base, and eliminating on-site parking allows the building to devote its entire footprint to housing. The site is less than one mile from Kaiser Permanente Los Angeles Medical Center on Sunset Boulevard, the flagship of Kaiser's Southern California system and one of the largest employment centers in Los Angeles. The campus employs more than 7,100 staff and 974 physicians, operates approximately 560 hospital beds, and runs one of the largest cardiac surgery programs in the western United States. Together with Children's Hospital Los Angeles and Hollywood Presbyterian along the same corridor, the area generates deep, steady demand from healthcare workers seeking housing within walking distance or a short commute. Renters can walk to work, ride the Metro B Line, or rely on the dense network of neighborhood retail along Sunset and Vermont. Updated affordable rent schedules effective July 1, 2026 set maximum allowable rents well above the surrounding submarket for efficient one-bedroom units. This allows units to lease at today's market rents from day one, with meaningful room for rent growth before reaching covenant limits. For buyers seeking additional yield, voucher participation offers further upside. HACLA payment standards are set by bedroom count and continue to support voucher holders moving into well-located neighborhoods near major employment centers.

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Detail Ic Property Details

Property Type : Land

Price : $1,500,000

AD Id : 91701734

MLS Id : 26997241

Lot Size : 7,067 Sq. Ft(Lot)

County : Los Angeles

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  • Lot Information

    Main Square Feet: 7067 Lot Size Acres: 0.1622 Lot Size Source: Builder Lot Size Square Feet: 7,067

  • Listing Price Information

    Listing Price: $1500000

  • Tax Information

    Parcel Number: 5543025022

  • Location Information

    Direction: North of Santa Monica Blvd, East of Western
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4773 Hollywood Boulevard, Los Angeles, CA, 90027 $8,500,000 -- -- -- 28,498 Sq. Ft(Lot)
2521 Nottingham, Los Angeles, CA, 90027 $1,100,000 -- -- -- 114,856 Sq. Ft(Lot)

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 10/10/2026 @ 01:56

MLS: 26997241 LISTED BY: Benjamin Lee, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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