Los Angeles CA Real Estate & Land for Sale

Partners CRE is proud to present for sale a development opportunity in prime Los Felizneighborhood located at 4652-4656 La Mirada Ave, Los Angeles, CA 90029. This propertyconsists of a 16,180 SF lot zoned LARD1.5-1XL and designated as Tier 3 Transit OrientedCommunities (TOC) and is situated in the Vermont/Western Station NeighborhoodSpecific Plan with existing structures including a 3-unit and 2-unit property totaling 2,101SF and 1,565 SF respectively.This project is suitable for ED1 100% affordable housing development which allowsfor Unlimited Density by utilizing State Density Laws with 100% Affordable Housing.The property features a desirable lot dimensions of 100' x 160' allowing for a maximumdensity project with approximately 90+ unit development potential within a 4-story type5 construction project (buyer to verify). The opportunity is centrally located between twomajor Metro stops on Vermont/Sunset and Vermont/Santa Monica. A walkers paradise toaccess local retail, metro, and more.

We are pleased to present an excellent development opportunity near Santa Monica Blvd and Normandie Ave in East Hollywood! The existing structure on the lot consists of a fixer 6 unit building of which 4 UNITS WILL BE DELIVERED VACANT! Boasting a lot size of +/- 7,895 sq. ft., zoning of LARD1.5, and Tier 2 TOC designation, the potential possibilities for this property are endless! The property at 1156 N Kingsley (just 2 doors down) is currently being developed into a 49 unit affordable housing project utilizing ED-1 and a similar affordable housing project can be done on this lot! Buyer to investigate. The buyer can also reap tax benefits as the property is in an Opportunity Zone! There are 4 detached garages in the back lot, which can also be converted to one or more ADUs to generate additional rental income. Given the building's central location in the bustling rental Hollywood rental market and close to Virgil Village, Melrose Hill, and the numerous establishments across Santa Monica Blvd., this is a value-add investment not to be missed!