5150 Western Avenue Los Angeles, CA 90062

Listing Agency OPTION ONE REALTY & INVESTMENT

Listed by JAIME RUIZ

Source Corcoran

Added: Jun 19, 2025 Checked: Mar 16 at 9:09 am

Report an Issue

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

---

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.

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $3,990,000

  8,688 SF

  Prime Automotive Land in Los Angeles

  Six parcels with buildings in established automotive corridor.

  125 E Florence Ave, Los Angeles, CA 90003

  View Details
• 

  $1,789,000

  4,645 SF

  Historic Multifamily Victorian Residence

  Three-story Victorian built in 1905 with separate third-level living space and multiple bedroom and bath configurations.

  1810 Westmoreland Blvd, Los Angeles, CA 90006

  View Details
• 

  $4,500,000

  10,786 SF

  Gated Parking 13-Unit Multifamily

  13-unit multifamily with a fully gated perimeter, secure entry, and dedicated gated parking for each unit in Los Feliz.

  4208 Russell Ave, Los Angeles, CA 90027

  View Details
• 

  $1,350,000

  5,986 SF

  Fourplex with In-Unit Laundry

  Four-unit residential income property with in-unit laundry and separately metered gas and electricity.

  2156 City View Ave, Los Angeles, CA 90033

  View Details
• 

  $1,035,000

  3,876 SF

  Rehabilitated 3-Unit Income Triplex

  A recently rehabbed triplex with rear duplex built in 2005, offering multiple 4-bedroom units on a large lot.

  1045 W 103rd St, Los Angeles, CA 90044

  View Details
• 

  $2,999,999

  6,206 SF

  New Fourplex with Rooftop Deck

  Fully leased fourplex featuring a rooftop deck, solar, and separately metered utilities in Los Angeles.

  1151 S Ardmore Ave, Los Angeles, CA 90006

  View Details
• 

  $3,500,000

  10,470 SF

  Gated Apartment Building with Solar

  Gated 10-unit apartment building with central A/C, solar panels, and multiple covered parking options.

  1188 Innes Ave, Los Angeles, CA 90026

  View Details
• 

  $1,695,000

  3,600 SF

  Spanish-Style Multifamily Courtyard

  Gated single-story building with 10 studio units around a central courtyard, separately metered utilities and on-site laundry.

  1135 Lodi Pl, Los Angeles, CA 90038

  View Details
• 

  $599,000

  1,280 SF

  Two-Story Live-Work Loft Storefront

  Two-story storefront live-work space with dedicated street-level commercial frontage and a lofted residence above.

  360 W Avenue 26 Unit 100, Los Angeles, CA 90031

  View Details
• 

  $1,599,000

  5,067 SF

  Vacant Multi-Unit Residence

  Vacant four-unit configured duplex with historic character, ready for restoration, redevelopment, or owner occupancy.

  1412 S Victoria Ave, Los Angeles, CA 90019

  View Details
• 

  $1,595,000

  2,426 SF

  Renovated Residential Income Property

  Renovated multi-unit property featuring in-unit laundry, updated kitchens, and a freestanding rear structure with remodeled units.

  6157 Mesa Ave, Los Angeles, CA 90042

  View Details
• 

  $975,000

  2,549 SF

  Triplex with Dedicated Parking Yards

  Three separate rental units with dedicated parking and private yard space, plus recent exterior and systems updates.

  752 Harding Ave, Los Angeles, CA 90022

  View Details

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 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.