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    5150 Western Ave Los Angeles, CA 90062

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    For Sale
    $925,000

    Vacant land with RTI plans for four luxurious three-story units.

    Property Features for 5150 Western Ave

    General Information

    Standard status
    Active

    Source: OPTION ONE REALTY & INVESTMENT Agent JAIME RUIZ

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ready-to-Issue Plans Development Opportunity

    This vacant land presents a development opportunity with Ready-to-Issue (RTI) plans for constructing four luxurious three-story units, configured as two duplexes. Each unit is designed with 5 bedrooms and 5 bathrooms. The total building area across all units is 8,412 square feet. The property is not subject to RSO or SB8 regulations. This streamlined project is ready to proceed. The property is located in a desirable area. The site is suitable for developers and investors seeking a turnkey development opportunity. Buyers are advised to conduct their own investigations and due diligence regarding all aspects of the property, plans, and development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Step up on Western Apartment Building

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.30876
    Latitude
    33.99579

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    FAQs

    What type of property is this?
    Residential land & home lot - Vacant land with RTI plans for four luxurious three-story units.
    Where is this residential land & home lot located?
    The property is located at 5150 Western Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - Ready-to-Issue (RTI) plans for immediate development.; - Approved for 4 luxurious three-story units (two duplexes).; - Each unit features 5 bedrooms and 5 bathrooms.
    Request Owner's contact information
    5150 Western Ave Los Angeles, CA 90062
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5150 Western Ave Los Angeles, CA 90062
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