Two Adjacent R3-1 Development
For Sale
$3,700,000
5346 Franklin Avenue, Los Angeles, CA 90027
Two side-by-side R3-1 parcels offer development independently under SNAP limits near the Hollywood/Western Metro B Line.
Property Size17,866 SF
Lot Size0.41 Acres
Price / SF$207.10
Days on Market194
Property Features for 5346 Franklin Avenue
General Information
Standard status
Active
Size
17,866 SF
Lot size
0.41 Acres
Property subtype
Land Lot
Zoning
LAR3
Amenities
No
Listing Agency:
Zacuto Group
(310) 469-9012
Listed By:
Jacob Zacuto · License #01377441
(310) 469-9012
Source:
Compass
Added: Jan 27
Changed: Aug 8
Last Checked: Mar 25 at 5:12PM
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 Zacuto Group
Investment Insights
Based on property information with market context.
This offering includes two adjacent residential development lots for sale, each zoned R3-1 and required to be developed independently due to Vermont/Western SNAP (Station Neighborhood Area Plan, Subarea A) limitations that restrict lot mergers exceeding 15,000 square feet. The combined land totals approximately 17,866 square feet, with each parcel approximately 8,933 square feet.
Entitlement pathways described in the remarks include Executive Directive 1 (ED1), with each parcel stated to support up to 102 units (buyer to verify), and alternative scenarios referenced under CHIP Affordable Housing Incentive Program (AHIP), AB 2334, and Transit Oriented Incentive Area/TOC tiers. The remarks also note ministerial approval potential and CEQA-exempt development for qualifying projects.
The sites are positioned just blocks from the Hollywood/Western Metro Station (B Line) and are located within a Transit Priority Area (TPA), which the remarks state may provide additional parking and density relief. Sale includes two parcels: 5544-006-033 and 5544-006-049.
Entitlement pathways described in the remarks include Executive Directive 1 (ED1), with each parcel stated to support up to 102 units (buyer to verify), and alternative scenarios referenced under CHIP Affordable Housing Incentive Program (AHIP), AB 2334, and Transit Oriented Incentive Area/TOC tiers. The remarks also note ministerial approval potential and CEQA-exempt development for qualifying projects.
The sites are positioned just blocks from the Hollywood/Western Metro Station (B Line) and are located within a Transit Priority Area (TPA), which the remarks state may provide additional parking and density relief. Sale includes two parcels: 5544-006-033 and 5544-006-049.
Key Highlights
- Two adjacent R3‑1 development parcels at 5346 and 5352 Franklin Avenue totaling approx. 17,866 SF (approx. 8,933 SF each).
- Each parcel must be developed independently due to Vermont/Western SNAP Subarea A limits on lot mergers over 15,000 SF.
- Each lot is described as capable of delivering over 100 units with ministerial approvals and no CEQA review (buyer to verify).
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,146
Businesses Nearby
Explore this area
Business Placement
Demographics for 90027, CA
44,471
Population
24,267
Households
1.8
Avg Household Size
39
Median Age
58%
College-Educated
92%
High-School Grad
8.1 sq mi
ZIP Area
5,490
Density / Sq Mi
$90,532
Median Household Income
$53,526
Median Earnings
$1,904
Median Rent
$1,747,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two side-by-side R3-1 parcels offer development independently under SNAP limits near the Hollywood/Western Metro B Line.
Where is this residential land & home lot located?
The property is located at 5346 Franklin Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Two adjacent R3‑1 development parcels at 5346 and 5352 Franklin Avenue totaling approx. 17,866 SF (approx. 8,933 SF each).; Each parcel must be developed independently due to Vermont/Western SNAP Subarea A limits on lot mergers over 15,000 SF.; Each lot is described as capable of delivering over 100 units with ministerial approvals and no CEQA review (buyer to verify).
