5432 Virginia Avenue, Los Angeles, CA 90029 (MLS # 26844929)
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Shovel-ready, RTI (Ready-to-Issue) 65-unit apartment development in East Hollywood. Building and grading permits issued December 2025. Approved for 65 units (31 studios and 34 one-bedrooms) across a six-story building totaling approximately 48,525 buildable SF on a combined approximately 14,992 SF lot (two parcels: APN 5536-010-009 and 5536-010-010). Fourteen indoor recreation rooms can convert to ADUs for a path to 79-81 units. Entitled under R4-1VL with Tier 3 TOC: 4.5:1 FAR, 67-ft height, and zero required parking under AB 2097. CEQA-exempt (SB 35), by-right, with no discretionary hearings remaining. Predominantly market units with a modest Extremely Low Income (ELI) affordable set-aside. Located within a federal Opportunity Zone. Walking distance to the Vermont/Santa Monica Metro B Line; minutes from Kaiser Permanente, Children's Hospital LA, Silver Lake, and Virgil Village. Blocks from the Echelon Studios mega-development. Complete plan set and construction pricing available. A permit-ready basis for an apartment developer or ground-up multifamily buyer. The site is vacant and cleared - all prior structures have been demolished - leaving a flat, development-ready lot. All information is from sources deemed reliable but is not guaranteed; the property is offered strictly AS-IS, WHERE-IS, with all faults and no representation or warranty of any kind. Buyer is solely responsible for its own independent due diligence and for verifying all information and claims, including entitlements, RTI status, permits, plans, zoning, unit counts, square footages, lot size, soils, and development potential. Buyer assumes all risk.
| DAYS ON MARKET | 7 | LAST UPDATED | 6/9/2026 |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | C20 - Hollywood |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Lot/Land/Acreage |
| ADDITIONAL DETAILS | |
| AREA | C20 - Hollywood |
|---|---|
| LOT | 0.3442 acre(s) |
| LOT DIMENSIONS | 14992 |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights |
TOTAL MONTHLY PAYMENT
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Based on information from California Regional Multiple Listing Service, Inc. as of 6/15/26 2:07 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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