1845 Taft Avenue, Los Angeles, CA 90028
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
1845 Taft Avenue,Los Angeles, CA 90028
$5,295,000
- 0.55 Acres
- Lots / Land
- Active
Listed by:errol spiro
Office:miller & desatnik realty co.
MLS#:CL25575721
Source:CA_BRIDGEMLS
Price summary
- Price:$5,295,000
About this home
Rare opportunity to acquire three contiguous vacant parcels on the corner of Taft Ave and Franklin Ave in Hollywood, LA 90028. The total size of all three lots is approximately 23,760 SF and the zoning for all three properties is RD.15-1XL. The dimensions of the lots are 135 SF of frontage on Franklin Ave by 176 SF on Taft Ave. All three of the lots qualify for Tier 3 of the Transit Oriented Communities Plan (TOC). The zoning and site supports a variety different development options with significant density and height bonuses under a variety of state and local programs. A previous ED1 project was approved, demonstrating feasibility for expedited housing development.Multiple development strategies are possible, with some of those being: **D1 streamlined affordable housing, ***CHIP OC Density Bonus project, **Small Lot Subdivision, **By-right multifamily project with TOC Tier 3 incentives. This vacant development site is in a strong rental and resale market strategic play for developers targeting a high-growth, supply-constrained submarket. The prime location is walking distance to Metro, Franklin Village, Griffith Park, and Hollywood nightlife.
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Home facts
- Listing Id #:CL25575721
- Added:8 day(s) ago
- Updated:August 15, 2025 at 08:45 PM
Rooms and interior
- Living area:23,811 sq. ft.
Structure and exterior
- Building area:23,811 sq. ft.
- Lot area:0.55 Acres
Finances and disclosures
- Price:$5,295,000
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