1216 Menlo Ave
Los Angeles, CA 90006 Harvard Heights

The property is a 39,995 SF lot zoned R4-1VL in a Tier 4 TOC (Transit Oriented Communities), located in a qualified Opportunity Zone. This zoning allows for significant development potential, including incentives for increased density and reduced parking requirements. Strategically situated between W Pico Blvd and W Olympic Blvd, the site is close to major employment hubs in Downtown LA, the Wilshire/Vermont Metro station, and multiple bus lines. It boasts a high walk score of 91, making it highly attractive for future residents and developers. Tier 4 TOC and ED1 eligibility provide incentives such as increased height (up to 78’), higher floor area ratio (up to 4.7), reduced open space and yard setbacks, and no residential automobile parking required. These incentives support both affordable and high-density development strategies.