Shovel-Ready Multifamily Development
For Sale
$4,450,000
5432 Virginia Ave, Los Angeles, CA 90029
LAND - Los Angeles, CA
Property Size48,525 SF
Lot Size0.17 Acres
Price / SF$91.71
Days on Market85
Property Features for 5432 Virginia Ave
General Information
Property type
Land
Property subtype
Other
Zoning
LAR4-1VL (Tier 3 TOC)
View
City
Directions
From the 101 Freeway, exit Vermont Ave; head to W Virginia Ave. The property (5430-5438 W Virginia Ave) is in East Hollywood near the Vermont/Santa Monica Metro B Line, between N Serrano Ave and N Oxford Ave.
Subdivision
Hollywood
Standard status
Active
APN
5536-010-009
Lot size
0.17 Acres
Listing Agency:
Bessa Properties, Inc
(310) 272-9847
Listed By:
Ariel Mossazadeh · License #02157194
(310) 666-4923
Added: Jun 8
Changed: Jul 28
Last Checked: Aug 31 at 6:06PM
MLS# 26844929
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.
This development site is vacant and cleared, with all prior structures demolished, offering a flat, development-ready parcel. The property is approved for a six-story, 65-unit apartment building consisting of 31 studios and 34 one-bedrooms, totaling approximately 48,525 buildable square feet across the two parcels identified in the remarks. The approved plan also includes 14 indoor recreation rooms that can convert to ADUs for an expanded pathway to 79–81 units. The project is RTI (ready-to-issue) with building and grading permits issued in December 2025, and the plan set is described as available.
The site is identified in LAR4-1VL (Tier 3 TOC) with an approved 67-foot height and a noted zero required parking condition under AB 2097. The offering is described as CEQA-exempt (SB 35), by-right, with no discretionary hearings remaining. The property is located within a federal Opportunity Zone and is within walking distance to the Vermont/Santa Monica Metro B Line, with multiple nearby employment and healthcare destinations described in the remarks.
All information is provided as-is, where-is, and the buyer is responsible for independent due diligence, including verification of entitlements, RTI status, permits, unit counts, square footages, lot details, and development potential.
The site is identified in LAR4-1VL (Tier 3 TOC) with an approved 67-foot height and a noted zero required parking condition under AB 2097. The offering is described as CEQA-exempt (SB 35), by-right, with no discretionary hearings remaining. The property is located within a federal Opportunity Zone and is within walking distance to the Vermont/Santa Monica Metro B Line, with multiple nearby employment and healthcare destinations described in the remarks.
All information is provided as-is, where-is, and the buyer is responsible for independent due diligence, including verification of entitlements, RTI status, permits, unit counts, square footages, lot details, and development potential.
Key Highlights
- Shovel‑ready RTI 65‑unit apartment development in East Hollywood; approved permits issued December 2025.
- Plans call for 31 studio and 34 one‑bedroom units in a six‑story building totaling approximately 48,525 buildable SF.
- Development on an approximately 14,992 SF lot made up of two parcels: APN 5536‑010‑009 and 5536‑010‑010.
Property Analytics
Property Profile
Current Use
Lease Details
65
Residential units
Location Intelligence
Trade Area within ½ mile
3,428
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant, cleared lot with entitlements and permits issued for a 65-unit apartment project under Tier 3 TOC.
Where is this residential land & home lot located?
The property is located at 5432 Virginia Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: Shovel‑ready RTI 65‑unit apartment development in East Hollywood; approved permits issued December 2025.; Plans call for 31 studio and 34 one‑bedroom units in a six‑story building totaling approximately 48,525 buildable SF.; Development on an approximately 14,992 SF lot made up of two parcels: APN 5536‑010‑009 and 5536‑010‑010.
