$4,990,000

5430 Virginia Avenue, Los Angeles, CA 90029

  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1907
  • Property Lot Size Icon0.34acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 13 days ago

Property Description

***Seller Financing & Joint Venture Available*** Calling all Developers and Builders! A beautiful development opportunity awaits you. Build a brand-new apartment building on a double-lot development site in the renowned Hollywood Studio District. Property is situated in a Qualified Opportunity Zone, potentially offering tax benefits to the savvy investor. Conveniently located near the 101 Freeway and several Metro lines, making travel to your favorite destinations much easier! Architectural plans call for a 6-story contemporary design featuring 65 apartment residences and 14 recreation rooms (for possible ADU conversions), with one level of semi-subterranean parking only. Ready-to-Issue permits are included, allowing the builder to start construction and save valuable years and excessive frustration often associated with the entitlement process. If you're ready to make a bold statement on the local Hollywood skyline, then this project may be for you! Architectural plans and further details are available upon request.

Listing Status:
Active
Date Added:
January 26, 2026
Data Last Updated:
February 8, 2026 at 7:06AM
Listing Office:
Rodeo Realty : 310-724-7100
Listing Agent:
Shie Alony : 310-925-9795
MLS ID:
CL26637333
  • Originating MLS: CRMLS
  • County: Los Angeles
  • Zoning: 5536010010
  • Source: CRMLS

Presented by Veterans United Realty

This listing courtesy of Shie Alony , Rodeo Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

K

Kingsley Elementary School

5200 Virginia Ave, Los Angeles, CA, 90029

Grades KG-5

0.29 miles away

R

Richard A. Alonzo Community Day

5755 Fountain Ave, Los Angeles, CA, 90028

Grades 7-12

0.48 miles away

H

Helen Bernstein High School

1309 N Wilton Pl, Los Angeles, CA, 90028

Grades 9-12

0.45 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.