5346 Franklin Avenue, Los Angeles, CA 90027

Property Description

Rare opportunity to acquire two side-by side development sites totaling approximately 17,866 square feet of R3-1 zoned land, located at 5346 and 5352 Franklin Avenue in the highly sought-after Los Feliz submarket of Los Angeles. Offered together at a combined asking price of $3,700,000, these parcels provide exceptional CEQA-exempt development potential with meaningful scale, flexible entitlement options, and strong alignment with the city's housing production priorities. Each parcel is approximately 8,933 square feet and must be developed independently due to limitations under Section 7.A of the Vermont/Western SNAP (Station Neighborhood Area Plan, Subarea A), which restricts lot mergers exceeding 15,000 square feet. While this may seem like a limitation, it creates a strategic opening for developers to pursue two separate high-density projects either simultaneously or in a phased approach. Each site is capable of delivering over 100 units with ministerial approvals and no CEQA review, offering a level of entitlement efficiency rarely available in Infill Los Angeles.Under Executive Directive 1 (ED1), each parcel may support up to 102 units(buyer to verify), translating to a land basis of just $19,118 per buildable unit.ED1 allows for streamlined approvals, reduced parking requir

Listing Status:

Active

Date Added:

February 4, 2026

Data Last Updated:

February 8, 2026 at 7:06AM

Listing Office:

Zacuto Group : 310-469-9300

Listing Agent:

Jacob Zacuto : 310-469-9012

MLS ID:

CL26647655

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: LAR35544006033
• View: Hills

Financial

• Source: CRMLS