Property Detail

Description

Vacant LAR4-1 Multifamily Development Site – Ready to Build Exceptional opportunity to acquire a fully cleared 6,654 SF LAR4-1-zoned lot in a rapidly evolving Los Angeles submarket. Featuring approximately 41 feet of frontage and 163 feet of depth, the site offers an efficient and highly usable footprint for multifamily design and construction. The property is currently vacant following the demolition of prior improvements, allowing a developer to move directly into planning and entitlements without the delays or costs associated with tenant relocation or structure removal. Zoned LAR4-1, the site supports high-density residential development and is well-suited for a ground-up apartment or condominium project. Based on standard density allowances, the lot can accommodate 10+ units by right, with additional upside potential through Transit-Oriented Communities (TOC) incentives and density bonus programs. Strategically located in the Westlake / Historic Filipinotown submarket, the property is just minutes from Downtown Los Angeles and surrounded by some of LA’s most dynamic neighborhoods, including Echo Park, Silver Lake, and Koreatown. The site offers convenient access to major freeways (101, 110, 10, 5, and 60), providing excellent regional connectivity. Nearby lifestyle amenities such as Echo Park Lake, Silver Lake Reservoir, and Dodger Stadium enhance tenant appeal, while close proximity to DTLA’s major employment centers positions the property within one of the strongest multifamily rental corridors in Los Angeles.