5720 Waring Avenue, Los Angeles, CA 90038
Local realty services provided by:CENTURY 21 Wildwood Properties, Inc.
5720 Waring Avenue,Los Angeles, CA 90038
$2,995,000
- 0.3 Acres
- Lots / Land
- Active
Listed by: jonathan bloom, errol spiro
Office: miller & desatnik realty co.
MLS#:CL26989607
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$2,995,000
About this home
This 13,007-square-foot vacant lot is ideally located adjacent to Larchmont Village and offers a compelling multifamily development opportunity. The property is fully entitled and Ready-to-Issue (RTI) for an approximately 43,620-square-foot, five-story building containing 35 dwelling units. Approved plans also allow the recreation room to be converted into a one-bedroom, one-bathroom ADU, potentially increasing the project to 36 total units. A significant advantage of the project is its efficient parking design, which provides 17 on-grade parking spaces and eliminates the need for costly subterranean construction. The well-designed unit mix includes twelve two-bedroom/two-bathroom units, seven one-bedroom/one-bathroom units, and sixteen studio units. Seven units representing 20% of the project are designated for low-income tenants, consisting of three studios, two one-bedroom/one-bathroom units, and two two-bedroom/two-bathroom units. This affordable-housing allocation eliminates applicable linkage fees and allows the remaining market-rate units to be exempt from rent control, offering a meaningful long-term benefit to the future owner. In addition to the approved RTI plans, the site may offer alternative development potential through an Executive Directive 1 (ED1) affordable-housing project or a small-lot subdivision. Full plans are available upon request....
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Home facts
- Listing ID #:CL26989607
- Added:2 day(s) ago
- Updated:September 20, 2026 at 02:57 PM
Structure and exterior
- Lot area:0.3 Acres
- Architectural Style:Unimproved Land
Finances and disclosures
- Price:$2,995,000
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