$2,495,000

1047 S Corning Street, Los Angeles, CA 90035

Land
Built in ——
4,861sqft lot
—— car garage
$——/sqft
Listed 1 month ago

Property Description

RTI: A vacant, R3 infill development site in Pico-Robertson / Faircrest Heights, minutes from Beverly Hills. On this street, value is the land and density. Offered as-is. The project architect has advanced pre-application plans for a 6-story, 15-16 unit building (12 market-rate + 3 very-low-income) over a subterranean garage, moving the site from 6 units by-right to 1516 via Transit Oriented incentives, a 22-ft height bonus to 67 ft, and zero required parking (AB 2097). That density is the value engine, and the basis for pricing per buildable unit rather than as an occupied home.

Listing Status:: Active
Date Added:: August 28, 2026
Data Last Updated:: October 9, 2026 at 2:07AM
Listing Office:: Compass : 310-230-5478
Listing Agent:: Sally Forster Jones : 310-579-2200
MLS ID:: CL26906761

County: Los Angeles

Zoning: LAR34332025028
View: None

This listing courtesy of Sally Forster Jones , Compass

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.