947 N Genesee Avenue, West Hollywood, CA 90046
Local realty services provided by:CENTURY 21 Experience
947 N Genesee Avenue,West Hollywood, CA 90046
$1,950,000
- 0.15 Acres
- Lots / Land
- Active
Listed by: shara parseghian
Office: marcus & millichap
MLS#:25610759
Source:CRMLS
Price summary
- Price:$1,950,000
About this home
We are pleased to present 944 N Ogden Dr and 947 N Genesee Ave, two vacant R3-B zoned parcels totaling approximately 13,000 square feet in a highly sought-after West Hollywood location. Situated just off Melrose Avenue and North Fairfax, these contiguous lots offer an outstanding opportunity for a boutique luxury condominium or multifamily redevelopment in one of Los Angeles' strongest infill markets. Each parcel is approximately 6,500 square feet and zoned R3 (Multi-Family Medium Density). The properties may be purchased individually or together, providing flexibility for developers pursuing smaller infill projects or a larger, combined assembly. The two parcels were previously approved together for a 10-unit luxury townhome condominium project, confirming entitlement feasibility and establishing a clear precedent for future development. Combined, the sites offer by-right potential for 16 units, and up to 34 units under AB 1287, which provides an additional 50% density bonus for projects that include both low- and moderate-income housing. Located within a half-mile of major public transit, the sites also qualify under AB 2097, which eliminates parking minimums for new developments in transit-rich areas significantly reducing construction costs and design constraints. Additionally, the parcels may qualify for streamlined, ministerial approval under SB 684, California's 2024 legislation that expedites small, for-sale infill projects with 10 or fewer units. The seller is open to providing attractive financing to qualified developers, including potential below-market, interest-only bridge terms, offering a rare opportunity to maximize leverage and returns during the entitlement and pre-construction phases.
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Home facts
- Listing ID #:25610759
- Added:92 day(s) ago
- Updated:January 25, 2026 at 11:31 AM
Structure and exterior
- Lot area:0.15 Acres
Finances and disclosures
- Price:$1,950,000
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