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5720-5728 Waring Ave
Los Angeles, CA 90038 Hollywood

$2,995,000 USD

Land For Sale  •  0.3 AC

Property Details

  • Property Type Land
  • Lot Size 0.3 AC
  • Zoning LAR3
60 Transit Score
80 Walk Score

Description 

5720–5728 Waring Avenue consists of two contiguous vacant lots that present a compelling development opportunity. Prior to demolition, 5720 Waring Avenue was a four-unit apartment building, while 5728 Waring Avenue contained a single-family residence.
The property is currently fully entitled for a 35-unit multifamily development. Alternatively, the site may offer additional development potential through an Executive Directive 1 (ED1) affordable housing project or a small-lot subdivision. A complete set of approved plans is available upon request.

Highlights

Fully entitled (RTI) multi-family development project for 35 dwelling units -
13,007 SF Lot - Vacant Land - Priced at $230 a SF
Plans include on grade parking & approved plans to turn the recreation room into an ADU. Creating 36 total units.
Plans are for a five story building of approximately 43,620 SF. With an excellent unit mix of 2 BR, 1 BR and studio units
Seven of the units are designated as affordable units
High demand rental location, North of Melrose & West of Gower. 90 Walk Score! Very close to all the shops & restaurants at Larchmont Village

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
12 min - 5.8 mi
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 14 min - 6.0 mi
AirportDriveWalkDistance
Bob Hope 20 min - 10.0 mi
Los Angeles International 28 min - 13.1 mi
Long Beach (Daugherty Field) 40 min - 28.3 mi
Jon Bloom 310-202-9166 Miller & Desatnik Realty Corp.
Jon Bloom 310-202-9166 Miller & Desatnik Realty Corp.