$5,295,000

1845 Taft Avenue, Los Angeles, CA 90028

23,811 sqft

Land
Built in ——
0.55acre lot
—— car garage
$222/sqft
Listed 3 months ago

Property Description

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.

Listing Status:: Active
Date Added:: August 7, 2025 at 05:00AM
Listing Office:: Miller & Desatnik Realty Co. : 310-202-9166
Listing Agent:: Errol Spiro : 310-202-9166
MLS ID:: CL25575721

County: Los Angeles

Zoning: LARD5586031004
View: Hills

This listing courtesy of Errol Spiro, Miller & Desatnik Realty Co.

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Principal & Interest $
Property Taxes $
Home Insurance $
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Location

Schools Nearby

Cheremoya Avenue School

6017 Franklin Ave, Los Angeles, CA, 90028

Grades PK-6

0.33 miles away

Richard A. Alonzo Community Day

5755 Fountain Ave, Los Angeles, CA, 90028

Grades 7-12

0.68 miles away

Helen Bernstein High School

1309 N Wilton Pl, Los Angeles, CA, 90028

Grades 9-12

0.61 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.