Active

5432 Virginia Avenue

Los Angeles, CA 90029
Mark as Favorite
SqFt14,992

Sqft(Lot)

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 Lin e; 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.

Read More Expand

Detail Ic Property Details

Property Type : Land

Price : $4,450,000

AD Id : 81922740

MLS Id : 26844929

Lot Size : 14,992 Sqft(Lot)

County : Los Angeles

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Lot Information

    Main Square Feet: 14992 Lot Size Acres: 0.3442 Lot Size Source: Assessor Lot Size Square Feet: 14,992

  • Listing Price Information

    Listing Price: $4450000
    Original Price: $4490000

  • Tax Information

    Parcel Number: 5536010009

  • Location Information

    Direction: 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.
Sell a home like this and save $266,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1108 Manzanita Street, Los Angeles, CA, 90029 $2,250,000 -- -- -- 7,688 Sqft(Lot)
1127 N Normandie, Los Angeles, CA, 90029 $849,000 -- -- -- 5,352 Sqft(Lot)
1020 N Ardmore Avenue, Los Angeles, CA, 90029 $2,299,999 -- -- -- 8,917 Sqft(Lot)
926 N Kingsley Drive, Los Angeles, CA, 90029 $1,050,000 -- -- -- 8,683 Sqft(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 08/14/2026 @ 11:22

MLS: 26844929 LISTED BY: Ariel Mossazadeh, Bessa Properties, Inc 310-272-9847 SOURCE: CRMLS

Homes around $4,450,000

Selling? Save $266,501 when you sell a home like this

Tour with a ByOwner Agent