5720 Waring Avenue, Los Angeles, CA 90038

Property Description

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.

Listing Status:

Active

Date Added:

September 17, 2026

Data Last Updated:

October 9, 2026 at 7:06AM

Listing Office:

Miller & Desatnik Realty Co. : 310-202-9166

Listing Agent:

Jonathan Bloom : 310-883-4530

MLS ID:

CL26989607

Location

• County: Los Angeles

Lot

• Zoning: LAR35534033006
• View: None