Ready-to-Issue Plans Development
For Sale
$925,000
5150 Western Avenue, Los Angeles, CA 90062
Vacant land with RTI plans for four luxurious three-story units.
Property SizeContact for details
Days on Market494
Property Features for 5150 Western Avenue
General Information
Standard status
Active
Site & Location
Neighborhood
Vermont Square
Listing Agency:
OPTION ONE REALTY & INVESTMENT
Listed By:
JAIME RUIZ
Source:
Corcoran
Added: Jun 19, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 OPTION ONE REALTY & INVESTMENT
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Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,352
Businesses Nearby
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Business Placement
Demographics for 90062, CA
32,524
Population
10,060
Households
3.2
Avg Household Size
36
Median Age
17%
College-Educated
65%
High-School Grad
1.9 sq mi
ZIP Area
17,118
Density / Sq Mi
$63,652
Median Household Income
$35,911
Median Earnings
$1,473
Median Rent
$672,700
Median Home Value
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Frequently Asked Questions
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 Avenue 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.
