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5432 Virginia Avenue Los Angeles, CA 90029
$4,490,000 0 beds, 0 baths
0 sqft
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Photo of Rebecca Alvarado

Rebecca Alvarado REALTORĀ® - Broker Associate 323-240-9219 m
323-685-1131 o
626-568-8120 f
Lic#: 00912906
NRDS ID: 190002760
HomesByBecky@bhhscal.com
Text Me
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626-568-8120 f
Lic#: 00912906
NRDS ID: 190002760
HomesByBecky@bhhscal.com
Pasadena Office
540 South Lake Ave
Pasadena, CA 91101
Phone: 626-440-5100
Fax: 626-568-8120
Pasadena 540 South Lake Ave
Pasadena, CA 91101
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Agent Remarks

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 Line; 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.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 26844929
List price is $4,490,000
Beds: 0
Baths: 0
0.34 acres
Lot size: 0.3442
County: Los Angeles
Zoning: LAR4-1VL (Tier 3 TOC)
MLS area: C20 - Hollywood

Last Updated: 6/16/2026

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 Find more homes in 90029 zip code

This listing belongs to the C20 - Hollywood MLS area

Lat/Long: 34.091671, -118.307968.
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Listing Agent: Ariel Mossazadeh
Lic#: 00912906
Office Name: Pasadena

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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Photo of Rebecca Alvarado

Rebecca Alvarado REALTORĀ® - Broker Associate 323-240-9219 m
323-685-1131 o
626-568-8120 f
Lic#: 00912906
NRDS ID: 190002760
HomesByBecky@bhhscal.com
Text Me
Call My Cell
Call My Office
626-568-8120 f
Lic#: 00912906
NRDS ID: 190002760
HomesByBecky@bhhscal.com

Pasadena Office
540 South Lake Ave
Pasadena, CA 91101
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