5430 VIRGINIA AVE, LOS ANGELES, CA 90029

Shovel-ready, RTI (Ready-to-Issue) 65-unit apartment development in East Hollywood (90029) - with building and grading permits issued. A permit-ready, ground-up multifamily development site with stamped plans, located within a federal Opportunity Zone for major capital-gains tax advantages.

The approved program is 65 units (31 studios + 34 one-bedrooms) across a 6-story building - a Type IA podium over semi-subterranean parking with five levels of Type IIIA wood-frame above - totaling +/-48,525 buildable SF. Because the lower level is semi-subterranean, no deep excavation or shoring/lateral support is required, cutting construction cost and schedule versus a fully subterranean garage. Fourteen indoor recreation rooms are convertible to ADUs for a path to 79-81 stabilized 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-rate with only a 10% ELI affordable set-aside.

The site is vacant and cleared - all prior structures have been demolished - leaving a flat, development-ready lot. Walk to the Vermont/Santa Monica Metro B Line; adjacent to the Echelon Studios mega-development.

DISCLAIMER: All renderings are AI-generated conceptual illustrations of the proposed development, not photographs of existing improvements. 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, and development potential. Buyer assumes all risk.