5430-5438 Virginia Ave
Los Angeles, CA 90029 East Hollywood

Rare RTI (Ready-to-Issue) entitled multifamily development opportunity in the heart of East Hollywood, Los Angeles. 5430-5438 W Virginia Avenue is a +/-14,992 SF two-parcel assemblage, fully entitled and RTI for a 65-unit apartment development, with a clear path to 79-81 units via ADUs. Delivered vacant and cleared - shovel-ready, ground-up multifamily construction in one of LA's strongest rental submarkets. Designated Opportunity Zone (capital gains tax advantages), TOC Tier 3 density bonus, and AB 2097 (zero required parking). Zoned LAR4 (R4-1VL), +/-48,525 buildable SF, 4.5:1 FAR. Semi-subterranean parking design - no deep excavation, shoring, or lateral support required, materially lowering construction cost and timeline. Ideal for multifamily developers, merchant builders, and Opportunity Zone investors. Offered at $4,490,000, strictly AS-IS, WHERE-IS; buyer to independently verify all entitlements, plans, square footage, zoning, and development potential. Renderings are AI-generated conceptual illustrations for marketing purposes only and do not represent final approved plans.