***$225,000 price reduction – $259 Land PPSF by Sunset & Gower – Development Plans in Docs Section*** 1516 La Baig Ave is a duplex (delivered vacant) located on a 5,499 SF lot in the center of the Hollywood Media District; just two parcels north of Sunset Blvd. This is a rare opportunity to acquire a development-ready site in a dynamic growth corridor, surrounded by major film and media employers, new mixed-use development, and transformative infrastructure investment. The property neighbors a new 109-unit apartment complex by CIM, across from Sunset Bronson Studios and Emerson College, and adjacent to the Netflix headquarters campus. A block away, the much-anticipated $1 billion "The Star" tower, designed by Norman Foster, is set to redefine the local skyline and inject over half a million square feet of new Class A creative space. The property comes with Ready-to-issue (RTI) plans to develop a 9-unit market-rate multifamily complex. Plans call for (1) 2-bdrm. unit, (3) 1-bdrm. units, and (5) singles. This site is eligible (buyer to verify) for Opportunity Zone tax benefits, and is aligned with the recently enacted Hollywood Community Plan, which significantly increases allowable density, incentivizes affordable housing, and encourages transit-oriented growth throughout the Sunset and Hollywood corridors. The existing improvements include (2) 1-bdrm. bungalow-style units that are separately metered. The property also features covered and surface parking, and a standalone garage. 1516 La Baig is a forward-looking investment in a creative corridor that continues to attract capital, talent, and transformative growth.
Property Details
Price:
$1,425,000
MLS #:
25562881
Status:
Active
Beds:
2
Baths:
2
Address:
1516 La Baig Avenue
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
Jul 9, 2025
State:
CA
Finished Sq Ft:
1,620
ZIP:
90028
Lot Size:
5,499 sqft / 0.13 acres (approx)
Year Built:
1919
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Schools
Interior
Bathrooms
2 Full Bathrooms
Laundry Features
See Remarks
Exterior
Architectural Style
Bungalow
Parking Features
Garage – Single Door, Covered, Uncovered, Side by Side
Parking Spots
2.00
Security Features
Gated Community
Financial
Map
Community
- Address1516 La Baig Avenue Los Angeles CA
- AreaC20 – Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code90028
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1516 La Baig Avenue
Los Angeles, CA
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