714-745-2708

5720 Waring Avenue, Los Angeles, CA 90038

$2,995,000 Approx. USD 0 beds, 0 baths

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Jonathan Bloom | jon@mdrealtycorp.com
Lic#: 02004524
Broker: Courtesy of Miller & Desatnik Realty Co.
Phone: 310-883-4530

Co Listing Agent

Errol Spiro | errol@mdrealtycorp.com
Lic#: 00893163
Broker: Courtesy of Miller & Desatnik Realty Co.
Phone: 310-202-9166

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

Price: $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

Days On Market (DOM): 12

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This listing belongs to the C20 - Hollywood MLS area

Lat/Long: 34.085047, -118.323086.
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