Active

5432 Virginia Avenue

Los Angeles, CA 90029
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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.

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Detail Ic Property Details

Property Type : Land

Price : $4,490,000

AD Id : 81922740

MLS Id : 26844929

Lot Size : 14,992 Sqft(Lot)

County : Los Angeles

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Feature Features

  • Bathroom Information

    Total Baths: 0 Full Baths: 0 Half Baths: 0

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3442
  • Lot Size Source: Assessor Lot Size Square Feet: 14992

  • Listing Price Information

    Original List Price: 4,490,000 Listing Contract Date: 2026-06-08
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5536010009

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C20 - Hollywood Postal Code Plus 4: 2331 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. Zoning: LAR4-1VL (Tier 3 TOC) Source Property Type: Land Area: C20 - Hollywood
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1108 Manzanita Street, Los Angeles, CA, 90029 $2,350,000 -- -- -- 7,688 Sqft(Lot)
4632 Lexington Avenue #5, Los Angeles, CA, 90029 $1,275,000 -- -- -- 8,269 Sqft(Lot)
1165 N Berendo Street, Los Angeles, CA, 90029 $985,000 -- -- -- 6,752 Sqft(Lot)
1127 N Normandie, Los Angeles, CA, 90029 $849,000 -- -- -- 5,352 Sqft(Lot)
1022 N Ardmore Avenue, Los Angeles, CA, 90029 $2,499,999 -- -- -- 8,917 Sqft(Lot)
5301 Sierra Vista, Los Angeles, CA, 90029 $6,000,000 -- -- -- 19,114 Sqft(Lot)

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/20/2026 @ 12:59

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

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