779 N ALEXANDRIA AVE, LOS ANGELES, CA 90029-2548

DEVELOPMENT OPPORTUNITY

779 N Alexandria Ave, Los Angeles, CA 90029

Asking Price: $1,600,000 OBO

Prime East Hollywood Multifamily Development Site

Rare opportunity to acquire a prime infill multifamily development site located in the heart of East Hollywood, one of Los Angeles’ fastest-growing and highest-demand rental submarkets. Positioned near major employment centers, entertainment districts, transit corridors, and dense residential communities, this property offers exceptional long-term upside for developers, investors, and multifamily operators seeking to capitalize on the continued growth of the Los Angeles housing market.

This centrally located site benefits from strong demographics, increasing rental demand, and favorable development incentives, making it an ideal opportunity for a multifamily, TOC, or value-add development strategy.

Property Highlights

• Approx. 6,000 SF flat usable lot
• LARD1.5 zoning
• TOC Tier 3 incentives
• Potential for 8+ residential units
• Reduced parking requirements
• Strong multifamily rental corridor
• Surrounded by established apartment buildings and dense residential housing
• Excellent frontage and access
• Development-friendly location with strong appreciation potential
• Located within a high-demand infill market
• Potential opportunity for developers seeking density and long-term cash flow
• Attractive basis for multifamily development in central Los Angeles

Strategic East Hollywood Location

Located in a rapidly evolving urban corridor, the property offers close proximity to many of Los Angeles’ most active neighborhoods and economic centers, including:

• Hollywood
• Koreatown
• Downtown Los Angeles
• Silver Lake
• Los Feliz
• Major transit lines and transportation corridors
• Restaurants, retail, nightlife, and entertainment
• Employment and educational hubs

The site benefits from convenient access to major freeways, public transportation, and surrounding high-density neighborhoods, making it attractive for future tenants and long-term investors alike.

Development & Investment Potential

East Hollywood continues to experience strong rental demand driven by limited housing inventory, population density, and continued urban redevelopment throughout Central Los Angeles. The property’s zoning and TOC incentives may provide developers with flexibility and efficiency when planning a multifamily project.

This opportunity is well-suited for:

✔ Multifamily Developers

✔ TOC Density Incentive Projects

✔ Long-Term Hold Investors

✔ Value-Add Developers

✔ Urban Infill Investors

✔ 1031 Exchange Buyers

✔ Small to Mid-Size Apartment Developers

With continued rent growth, limited developable land, and increasing demand for housing near transit and employment centers, this property presents an attractive opportunity to create long-term value in one of Los Angeles’ strongest rental markets.

Investment Summary

Property Address:

779 N Alexandria Ave

Los Angeles, CA 90029

Offering Price:

$1,200,000 OBO

Property Type:

Development Land / Multifamily Opportunity

Zoning:

LARD1.5

Lot Size:

Approx. 6,000 SF

Contact Information

OMAR RIYAD

RAD Commercial Realty

DRE Lic. #02126758

📞 805-268-3615

[email protected]

🌐 radcre.com

Confidential and Opportunity.

Buyer to independently verify all zoning, development potential, TOC incentives, permits, square footage, and all information related to the property.