Commercial Land for Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: Los Angeles, CA 90029

Description

The Opportunity A premier development site located in the heart of the East Hollywood transit corridor. This ±8,276 SF lot is 100% vacant and paved, offering a "clean" acquisition with no tenant relocation (Ellis Act) or demolition requirements. The site previously housed an 8-unit, two-story building (demolished in 2000), providing a clear precedent for multi-unit utility. Positioned just 0.1 miles from a major Metro hub, the site is primed for a modern high-density residential project. Project Specifications Asset Type: Multi-family Development Land Price: $1,490,000 Lot Size: ±8,266 SF Zoning: LARD1.5 (TOC Tier 3) History: Previously an 8-unit structure; now a cleared, paved lot. Location: 95 Walk Score; 0.1 miles to Vermont/Santa Monica Metro B-Line. Development Highlights Immediate Groundbreaking: Unlike most Hollywood lots, this site has zero demo costs and no risk of tenant displacement lawsuits. TOC Tier 3 Incentives: Qualifies for density bonus. This allows a developer to potentially increase density from the base zoning to more units. Parking Efficiency: Transit proximity permits a significant reduction in parking requirements. Hospital Hub Access: Directly adjacent to major employment centers (Kaiser Permanente, Children’s Hospital LA), ensuring a consistent, high-income renter pool for medical staff. Interim Income: Currently utilized for overflow parking, offering potential "carry" income to offset holding costs during the entitlement phase. Investment Highlights: • Situated in a TOC Tier 3 zone just steps (approx. 500 ft) from the Vermont / Santa MonicaClick to open side panel for more information Metro B-Line (Red Line), this property offers a good density • Zero Demo & No Tenant Displacement (Clean Dirt), Electricity & Drainage on-site This is a rare "clean slate" opportunity in a market typically plagued by the Ellis Act and relocation hurdles. • Proximity to the "Medical District" Employment Hub The property is positioned next to Hollywood Hotel &

Market Context

This land in Los Angeles, CA is listed for sale. It has been on the market for 68 days. Compare it against other land listings for sale in Los Angeles, CA — <a href="/search/sale/land/california/los-angeles">view the full market</a>.

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