CA > Los Angeles
Los Angeles, CA 90028,1845 Taft AVE
Los Angeles, CA 90028,1845 Taft AVE
Los Angeles, CA 90028,1845 Taft AVE
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$5,295,000
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0.55 Acres Lot
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1845 Taft AVE Los Angeles, CA 90028

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25575721

HOA Y/N No

Lot Size 0.547 Acres

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.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LARD1.5

Interior

Fireplace No

Exterior

View Y/N Yes

View Hills

Building

New Construction No

Others

Senior Community No

Tax ID 5586031004

Special Listing Condition Standard

CRMLS – RECore
Listed by Errol Spiro Miller & Desatnik Realty Co.

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agent

Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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