Listed by TNG Real Estate, T.N.G. Real Estate Consultants
$1,100,000
Vacant LAR4-1 Multifamily Development Site
Details
APN 5157017015
Property Type Land
Sub Type Lots/Land
Broker Co-Op Yes
Acreage 0.153
Zoning LA-R4
Vacant LAR4-1 Los Angeles Multifamily Development Site
Marketing 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 potentially accommodate 10+ units by right, with additional upside potential through Transit-Oriented Communities (TOC) incentives and density bonus programs. Strategically located in the Echo Park Neighborhood Council, the property is just minutes from Downtown Los Angeles and surrounded by some of LAs 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 DTLAs major employment centers positions the property within one of the strongest multifamily rental corridors in Los Angeles.
Investment highlights
Vacant 6,654 SF LAR4-1 lot in Westlake/HiFi near DTLA. Approx. 41’ x 163’. Cleared and ready for development. By-right 10+ units with TOC density bonus potential. Prime infill location with strong rental demand and excellent freeway access.
Listing Contacts
Listed by TNG Real Estate, T.N.G. Real Estate Consultants
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