1845 Taft Avenue 5586031004
Los Angeles, CA, 90028
$5,295,000
Beds
0 Baths
SqFt
0.55 Acres
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Rare opportunity to acquire three contiguous vacant parcels on the corner of Taft Ave and Franklin Ave in Hollywood, LA 90028. The total size of all three lots is approximately 23,760 SF and the zoning for all three properties is RD.15-1XL. The dimensions of the lots are 135 SF of frontage on Franklin Ave by 176 SF on Taft Ave. All three of the lots qualify for Tier 3 of the Transit Oriented Communities Plan (TOC). The zoning and site supports a variety different development options with significant density and height bonuses under a variety of state and local programs. A previous ED1 project was approved, demonstrating feasibility for expedited housing development.Multiple development strategies are possible, with some of those being: **D1 streamlined affordable housing, ***CHIP OC Density Bonus project, **Small Lot Subdivision, **By-right multifamily project with TOC Tier 3 incentives. This vacant development site is in a strong rental and resale market strategic play for developers targeting a high-growth, supply-constrained submarket. The prime location is walking distance to Metro, Franklin Village, Griffith Park, and Hollywood nightlife.

Property Details

Price:
$5,295,000
MLS #:
25575721
Status:
Active
Baths:
0
Address:
1845 Taft Avenue 5586031004
Type:
Land
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
Aug 7, 2025
State:
CA
ZIP:
90028
Lot Size:
23,811 sqft / 0.55 acres (approx)
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1845 Taft Avenue 5586031004
Los Angeles, CA