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Entitled Land for 57-Unit Development
New
For Sale
$2,299,999

1020 N Ardmore Ave, Los Angeles, CA 90029

MULTI_FAMILY - Los Angeles, CA

Property Size25,292 SF
Lot Size0.20 Acres
Price / SF$90.94
Days on Market7

Property Features for 1020 N Ardmore Ave

General Information

Property type Residential Multi Family
Property subtype Other
Property condition Under Construction
Zoning LAR3
Bedrooms 57
Bathrooms 57
Full bathrooms 1
Rooms Bedroom 45, Bathroom 44, Bedroom 42, Bathroom 2, Bathroom 56, Bathroom 11, Bathroom 16, Bathroom 5, Bathroom 21, Bathroom 35, Bedroom 39, Bathroom 55, Bedroom 44, Bedroom 40, Bathroom 30, Bathroom 36, Bedroom 36, Bedroom 7, Bathroom 39, Bedroom 52, Bedroom 17, Bathroom 25, Bathroom 12, Bathroom 29, Bedroom 32, Bedroom 26, Bedroom 41, Bedroom 21, Bedroom 27, Bedroom 4, Bedroom 46, Bathroom 4, Bathroom 19, Bedroom 13, Bedroom 49, Bathroom 48, Bathroom 3, Bathroom 8, Bedroom 22, Bathroom 45, Bedroom 6, Bedroom 56, Bedroom 25, Bathroom 22, Bathroom 47, Bathroom 52, Bedroom 37, Bathroom 49, Bedroom 50, Bathroom 50, Bedroom 5, Bathroom 17, Bathroom 27, Bathroom 31, Bathroom 24, Bathroom 32, Bathroom 20, Bedroom 31, Bathroom 10, Bedroom 23, Bedroom 16, Bathroom 46, Bathroom 34, Bathroom 38, Bathroom 37, Bedroom 34, Bathroom 41, Bedroom 57, Bedroom 47, Bedroom 2, Bedroom 9, Bedroom 28, Bedroom 15, Bedroom 54, Bathroom 43, Bathroom 33, Bedroom 24, Bedroom 38, Bedroom 53, Bathroom 23, Bedroom 1, Bathroom 51, Bedroom 35, Bathroom 1, Bedroom 51, Bedroom 43, Bathroom 7, Bathroom 57, Bedroom 20, Bedroom 10, Bathroom 9, Bathroom 28, Bathroom 40, Bedroom 18, Bathroom 15, Bedroom 30, Bedroom 11, Bathroom 54, Bedroom 19, Bedroom 55, Bathroom 14, Bedroom 33, Bedroom 8, Bedroom 29, Bathroom 42, Bathroom 18, Bedroom 14, Bedroom 3, Bathroom 26, Bedroom 48, Bathroom 53, Bathroom 6, Bedroom 12, Bathroom 13
Directions South of Santa Monica and North of Melrose, East of Western
Subdivision Hollywood
Standard status Active
APN 5537-018-021
Size 25,292 SF
Lot size 0.20 Acres

Utilities

Heating system Central
Cooling system Central Air

Amenities

laundry room
outdoor bicycle area
storage

Building Details

Year built 2026
Floors in Building 4
Number of units 57
Listing Agency: Keller Williams Hollywood Hills · Keller Williams Realty
Listed By: Daniel Lalezari · License #01949474
Added: Jul 27 Changed: Aug 1 Last Checked: Aug 2 at 4:06AM
MLS# 26864791

Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

1020 N Ardmore Ave is a vacant land parcel offered as a fully entitled, RTI (ready to issue) development for 57 units, including a manager’s office that can be converted into a unit. The approved plan is for a Type V, four-story, fully stacked design with all wood frame floors, supported by a unit mix of 40 one-bedroom units and 17 studios. The project includes a manager’s office, with each floor planned to feature a laundry room, outdoor bicycle area, and storage. The site also includes an alley, and the planned building area is 25,292 square feet.

Entitlements and project structure are aligned with LAR3 zoning and a TOC Tier 3 area. The plans are stated to require no parking, which the seller notes can reduce construction cost impacts associated with on-grade parking. The property is described as being located near Hollywood and Sunset Blvd, minutes from Larchmont and Silverlake, and within walking distance of retail and dining options.

Once permits are pulled, the project is positioned for construction to begin right away under the approved RTI status. All figures and assumptions, including rent estimates and any rent-enhancement scenarios, are for buyer verification.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Law Firm Real Estate Agency Veterinary Clinic Tanning Salon Clothing & Fashion Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

57
Residential units

Location Intelligence

Trade Area within ½ mile

3,571
Businesses Nearby

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
Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Fully entitled, RTI development site for 57 affordable units, designed as a Type V four-story, fully stacked project.
Where is this residential land & home lot located?
The property is located at 1020 N Ardmore Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,299,999.
More about this property
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