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5720 Waring Avenue

Los Angeles, CA 90038
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SqFt13,007

Sqft(Lot)

This 13,007-square-foot vacant lot is ideally located adjacent to Larchmont Village and offers a compelling multifamily development opportunity. The property is fully entitled and Ready-to-Issue (RTI) for an approximately 43,620-square-foot, five-story building containing 35 dwelling units. Approved plans also allow the recreation room to be converted into a one-bedroom, one-bathroom ADU, potentially increasing the project to 36 total units. A significant advantage of the project is its efficient parking design, which provides 17 on-grade parking spaces and eliminates the need for costly subterranean construction. The well-designed unit mix includes twelve two-bedroom/two-bathroom units, seven one-bedroom/one-bathroom units, and sixteen studio units. Seven units representing 20% of the pro ject are designated for low-income tenants, consisting of three studios, two one-bedroom/one-bathroom units, and two two-bedroom/two-bathroom units. This affordable-housing allocation eliminates applicable linkage fees and allows the remaining market-rate units to be exempt from rent control, offering a meaningful long-term benefit to the future owner. In addition to the approved RTI plans, the site may offer alternative development potential through an Executive Directive 1 (ED1) affordable-housing project or a small-lot subdivision. Full plans are available upon request.

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Detail Ic Property Details

Property Type : Land

Price : $2,995,000

AD Id : 91316893

MLS Id : 26989607

Lot Size : 13,007 Sq. Ft(Lot)

County : Los Angeles

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  • Lot Information

    Lot Dimensions: 130 x 100 Main Square Feet: 13007 Lot Size Acres: 0.2986 Lot Size Source: Estimated Lot Size Square Feet: 13,007

  • Listing Price Information

    Listing Price: $2995000

  • Tax Information

    Parcel Number: 5534033006

  • Location Information

    Direction: North of Melrose Ave. and west of N. Gower St. Adjacent to Larchmont Village
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5530 La Mirada Avenue, Los Angeles, CA, 90038 $5,750,000 -- -- -- 19,836 Sq. Ft(Lot)
5636 Lexington Avenue, Los Angeles, CA, 90038 $1,595,000 -- -- -- 7,503 Sq. Ft(Lot)
5725 Melrose Avenue, Los Angeles, CA, 90038 $1,573,000 -- -- -- 6,424 Sq. Ft(Lot)

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ByOwner last updated this listing 09/18/2026 @ 04:10

MLS: 26989607 LISTED BY: Jonathan Bloom, Miller & Desatnik Realty Co. 310-202-9166 SOURCE: CRMLS

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