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)
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
View
Hills
Financial
Map
Community
- Address1845 Taft Avenue 5586031004 Los Angeles CA
- AreaC20 – Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code90028
Similar Listings Nearby
- 1216 Menlo Avenue 5076019027
Los Angeles, CA$6,500,000
4.14 miles away
- 726 Hartford Avenue 5143009005
Los Angeles, CA$6,500,000
4.59 miles away
- 2666 Larmar Road 5572004031
Los Angeles, CA$6,495,000
2.19 miles away
- 3544 Multiview Dr 2425015030
Studio City, CA$6,295,000
3.10 miles away
- 2320 Bowmont Drive 4388013040
Beverly Hills, CA$5,995,000
4.80 miles away
- 2829 Waverly Drive 5434025085
Los Angeles, CA$5,500,000
2.91 miles away
- 6132 Romaine Street 5534026007
Los Angeles, CA$5,500,000
1.26 miles away
- 9338 Hazen Drive 4388019014
Beverly Hills, CA$4,995,000
4.75 miles away
- 4718 Oakwood Avenue 5522032014
Los Angeles, CA$4,995,000
1.94 miles away

1845 Taft Avenue 5586031004
Los Angeles, CA
LIGHTBOX-IMAGES