Shovel-Ready Multifamily Development
New
For Sale
$2,299,999
1020 Ardmore Ave, Los Angeles, CA 90029
Entitled affordable housing project with permits ready to be issued and a planned stacked apartment configuration.
Property Size25,292 SF
Price / SF$90.94
Days on Market7
Property Features for 1020 Ardmore Ave
General Information
Standard status
Active
Size
25,292 SF
Property subtype
MULTI_FAMILY
Building Details
Building Size
25,292 SF
Year Built
2026
Listing Agency:
Keller Williams Hollywood Hills
(310) 623-1300
Listed By:
Daniel Lalezari · License #01949474
Source:
Carolinakramer
Added: Jul 27
Changed: Aug 2
Last Checked: Aug 2 at 11:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Hollywood Hills
Investment Insights
Based on property information with market context.
This vacant commercial land parcel is approved for a 57-unit affordable housing development and is ready for permit issuance. The planned Type V building is four stories with a stacked layout and 25,292 square feet of building area. The unit plan includes 40 one-bedroom apartments and 17 studios, along with a manager’s office that may be converted into another unit. The project occupies an almost 9,000-square-foot lot with alley access, and the plans do not require parking. Each floor includes a laundry room, outdoor bicycle area, and storage space.
The property is in Los Angeles near Hollywood, Sunset Boulevard, Larchmont, and Silver Lake. It is designated TOC Tier 3 and is located close to the Vermont/Sunset Metro Subway Station. Restaurants, coffee shops, shopping centers, Paramount Studios, and the Hollywood Walk of Fame are also identified in the surrounding area. The proposed units range from approximately 300 to 456 square feet, supporting a compact multifamily design focused on affordability.
The property is in Los Angeles near Hollywood, Sunset Boulevard, Larchmont, and Silver Lake. It is designated TOC Tier 3 and is located close to the Vermont/Sunset Metro Subway Station. Restaurants, coffee shops, shopping centers, Paramount Studios, and the Hollywood Walk of Fame are also identified in the surrounding area. The proposed units range from approximately 300 to 456 square feet, supporting a compact multifamily design focused on affordability.
Key Highlights
- 57‑unit affordable housing project with RTI status
- 25,292 square feet of planned building area on an almost 9,000‑square‑foot lot
- Four‑story Type V design with 40 one‑bedroom units and 17 studios
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,045
Businesses Nearby
Explore this area
Business Placement
Demographics for 90029, CA
34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
Median Home Value
Market
Properties on Market for Commercial land in Los Angeles County
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Frequently Asked Questions
What type of property is this?
Commercial land - Entitled affordable housing project with permits ready to be issued and a planned stacked apartment configuration.
Where is this commercial land located?
The property is located at 1020 Ardmore Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,299,999.
What are key features of this property?
This property features: 57‑unit affordable housing project with RTI status; 25,292 square feet of planned building area on an almost 9,000‑square‑foot lot; Four‑story Type V design with 40 one‑bedroom units and 17 studios
