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  • 5432 Virginia Avenue

5432 Virginia Avenue, Los Angeles, CA 90029

$4,490,000 Approx. USD 0 beds, 0 baths

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Photo of Robyn Raskind

Robyn Raskind Properties REALTOR® - Sales Associate 858-229-9131 m
858-759-5718 o
Lic#: 00683543
NRDS ID: 182001666
robynraskind@gmail.com Text Me
Call My Cell
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Lic#: 00683543
NRDS ID: 182001666
robynraskind@gmail.com Rancho Santa Fe - Fairbanks Ranch Office
16236 San Dieguito Rd, Bldg 5, Ste 10
Rancho Santa Fe, CA 92067
Phone: 858-756-3795
Fax: 858-756-9591
 Rancho Santa Fe - Fairbanks Ranch 16236 San Dieguito Rd, Bldg 5, Ste 10
Rancho Santa Fe, CA 92067
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Fax: 858-756-9591
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Listing Agent


Ariel Mossazadeh | ariel@bessaproperties.com
Lic#: 02157194
Broker: Courtesy of Bessa Properties, Inc
Phone: 310-272-9847

Agent Remarks

Shovel-ready, RTI (Ready-to-Issue) 65-unit apartment development in East Hollywood. Building and grading permits issued December 2025. Approved for 65 units (31 studios and 34 one-bedrooms) across a six-story building totaling approximately 48,525 buildable SF on a combined approximately 14,992 SF lot (two parcels: APN 5536-010-009 and 5536-010-010). Fourteen indoor recreation rooms can convert to ADUs for a path to 79-81 units. Entitled under R4-1VL with Tier 3 TOC: 4.5:1 FAR, 67-ft height, and zero required parking under AB 2097. CEQA-exempt (SB 35), by-right, with no discretionary hearings remaining. Predominantly market units with a modest Extremely Low Income (ELI) affordable set-aside. Located within a federal Opportunity Zone. Walking distance to the Vermont/Santa Monica Metro B Line; minutes from Kaiser Permanente, Children's Hospital LA, Silver Lake, and Virgil Village. Blocks from the Echelon Studios mega-development. Complete plan set and construction pricing available. A permit-ready basis for an apartment developer or ground-up multifamily buyer. The site is vacant and cleared - all prior structures have been demolished - leaving a flat, development-ready lot. All information is from sources deemed reliable but is not guaranteed; the property is offered strictly AS-IS, WHERE-IS, with all faults and no representation or warranty of any kind. Buyer is solely responsible for its own independent due diligence and for verifying all information and claims, including entitlements, RTI status, permits, plans, zoning, unit counts, square footages, lot size, soils, and development potential. Buyer assumes all risk.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 26844929
Price: $4,490,000
Beds: 0
Baths: 0
0.34 acres
Lot size: 0.3442
County: Los Angeles
Zoning: LAR4-1VL (Tier 3 TOC)
MLS area: C20 - Hollywood

Last Updated: 7/14/2026

 Days On Market (DOM): 39

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This listing belongs to the C20 - Hollywood MLS area

Lat/Long: 34.091671, -118.307968.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Robyn Raskind

Robyn Raskind Properties REALTOR® - Sales Associate 858-229-9131 m
858-759-5718 o
Lic#: 00683543
NRDS ID: 182001666
robynraskind@gmail.com Text Me
Call My Cell
Call My Office
Lic#: 00683543
NRDS ID: 182001666
robynraskind@gmail.com
Rancho Santa Fe - Fairbanks Ranch Office
16236 San Dieguito Rd, Bldg 5, Ste 10
Rancho Santa Fe, CA 92067
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