5432 Virginia Ave Los Angeles, CA 90029

This is a shovel-ready, development-ready vacant lot that has been cleared following demolition of prior structures. The site includes an approved and permit-driven plan for a six-story, approximately 65-unit apartment development with building and grading permits issued in December 2025. The approved mix includes 31 studio units and 34 one-bedroom units, with the overall project contemplated at approximately 48,525 buildable square feet across a combined approximately 14,992 square foot lot spanning two parcels. The plan also includes fourteen indoor recreation rooms that can convert to ADUs, providing a pathway to 79–81 units. The transaction is offered on an AS-IS, WHERE-IS basis, and buyers are responsible for independent verification and due diligence regarding entitlements, RTI status, permits, plans, zoning, unit counts, and development assumptions.

The property is located at 5432 Virginia Ave in Los Angeles. It is zoned LAR4-1VL (Tier 3 TOC) and has been described as CEQA-exempt (SB 35) with no discretionary hearings remaining. The entitlement framework is cited as allowing 4.5:1 FAR, a 67-ft height, and zero required parking under AB 2097, and the site is within a federal Opportunity Zone. The location is described as within walking distance to the Vermont/Santa Monica Metro B Line and within minutes of Kaiser Permanente and Children’s Hospital LA.

For developers and ground-up multifamily buyers, this site offers a permit-ready basis to move toward construction, with complete plan set and construction pricing available per the offering materials. The configuration supports a market-rate multifamily product with an affordable set-aside described as modest extremely low income, and buyers can evaluate the ADU conversion approach as they underwrite the final unit mix and development scope.