This 13,007-square-foot vacant lot is ideally located adjacent to Larchmont Village and offers a compelling multifamily development opportunity. The property is fully entitled and Ready-to-Issue (RTI) for an approximately 43,620-square-foot, five-story building containing 35 dwelling units. Approved plans also allow the recreation room to be converted into a one-bedroom, one-bathroom ADU, potentially increasing the project to 36 total units. A significant advantage of the project is its efficient parking design, which provides 17 on-grade parking spaces and eliminates the need for costly subterranean construction. The well-designed unit mix includes twelve two-bedroom/two-bathroom units, seven one-bedroom/one-bathroom units, and sixteen studio units. Seven units representing 20% of the project are designated for low-income tenants, consisting of three studios, two one-bedroom/one-bathroom units, and two two-bedroom/two-bathroom units. This affordable-housing allocation eliminates applicable linkage fees and allows the remaining market-rate units to be exempt from rent control, offering a meaningful long-term benefit to the future owner. In addition to the approved RTI plans, the site may offer alternative development potential through an Executive Directive 1 (ED1) affordable-housing project or a small-lot subdivision. Full plans are available upon request.
Property Details
Price:
$2,995,000
MLS #:
26989607
Status:
Active
Beds:
0
Baths:
0
Type:
Land
Neighborhood:
c20hollywood
Listed Date:
Sep 25, 2026
Lot Size:
13,007 sqft / 0.30 acres (approx)
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Community
- Address5720 Waring AV Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90038
Subdivisions in Los Angeles
Market Summary
Current real estate data for Land in Los Angeles as of Sep 27, 2026
528
Land Listed
199
Avg DOM
$1,837,881
Avg List Price
Property Summary
- 5720 Waring AV Los Angeles CA is a Land for sale in Los Angeles, CA, 90038. It is listed for $2,995,000 and features 0 acres.
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