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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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5720 Waring Avenue Los Angeles, CA 90038
$2,995,000 0 beds, 0 baths
0 sqft
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Agent Remarks

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.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 26989607
List price is $2,995,000
Beds: 0
Baths: 0
0.30 acres
Lot size: 0.2986
County: Los Angeles
Zoning: LAR3
MLS area: C20 - Hollywood

Last Updated: 9/25/2026

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This listing belongs to the C20 - Hollywood MLS area

Lat/Long: 34.085047, -118.323086.
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Listing Agent: Jonathan Bloom
Co Listing Agent: Errol Spiro
Lic#: 01276603
Office Name: Tustin

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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