Vacant Corner Development
For Sale
$1,150,000
1357 N Las Palmas Ave, Los Angeles, CA 90028
Vacant RD1.5 corner lot with previously approved plans and RTI permitting for a three-unit building plus ADU.
Property SizeContact for details
Lot Size0.13 Acres
Days on Market165
Property Features for 1357 N Las Palmas Ave
General Information
Standard status
Active
Lot size
0.13 Acres
Property subtype
LAND
Zoning
RD1.5
Additional Details
Opportunity Zone
Yes
Listing Agency:
The CREM Group
(949) 285-0343
Listed By:
Mark Cianciulli · License #01990266
Source:
Carolinakramer
Added: Feb 25
Changed: Aug 8
Last Checked: Jul 7 at 6:57AM
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 The CREM Group
Investment Insights
Based on property information with market context.
The property is a vacant corner lot totaling 5,499 square feet, zoned RD1.5, with no demolition required. The site has previously obtained approved plans and ready-to-issue permits for a residential redevelopment consisting of three units plus an accessory dwelling unit, totaling approximately 6,257 square feet of living area. The seller has completed substantial architectural and entitlement work, including updated plans prepared in late 2023.
The lot is located in central Hollywood, just south of Sunset Boulevard and west of Highland Avenue, and is described as being about half a mile to a Metro Station. The property has also received a Replacement Unit Determination under SB 8 confirming that no affordable replacement units were required based on prior site conditions, and it is located within a federally designated Opportunity Zone.
A buyer interested in redevelopment should review the prior approvals and the current permitting status with the broker, as plans and determinations may affect what can move forward. Alternative redevelopment approaches may be possible, subject to buyer’s independent investigation and applicable requirements.
The lot is located in central Hollywood, just south of Sunset Boulevard and west of Highland Avenue, and is described as being about half a mile to a Metro Station. The property has also received a Replacement Unit Determination under SB 8 confirming that no affordable replacement units were required based on prior site conditions, and it is located within a federally designated Opportunity Zone.
A buyer interested in redevelopment should review the prior approvals and the current permitting status with the broker, as plans and determinations may affect what can move forward. Alternative redevelopment approaches may be possible, subject to buyer’s independent investigation and applicable requirements.
Key Highlights
- Vacant 5,499 SF corner lot zoned RD1.5, with no demolition required for redevelopment planning
- Previously obtained approved plans and RTI permits for a three‑unit residential building plus an ADU
- Total planned living area of approximately 6,257 SF (three units plus accessory dwelling unit)
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,747
Businesses Nearby
Explore this area
Business Placement
Demographics for 90028, CA
32,330
Population
22,344
Households
1.4
Avg Household Size
36
Median Age
49%
College-Educated
90%
High-School Grad
1.5 sq mi
ZIP Area
21,553
Density / Sq Mi
$59,393
Median Household Income
$45,325
Median Earnings
$1,839
Median Rent
$970,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant RD1.5 corner lot with previously approved plans and RTI permitting for a three-unit building plus ADU.
Where is this residential land & home lot located?
The property is located at 1357 N Las Palmas Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Vacant 5,499 SF corner lot zoned RD1.5, with no demolition required for redevelopment planning; Previously obtained approved plans and RTI permits for a three‑unit residential building plus an ADU; Total planned living area of approximately 6,257 SF (three units plus accessory dwelling unit)
