5346 Franklin Avenue, Los Angeles, CA 90027

Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
5346 Franklin Avenue,Los Angeles, CA 90027
$3,700,000
  • 0.41 Acres
  • Lots / Land
  • Active
Listed by: jacob zacuto
Office: zacuto group
MLS#:CL26647655
Source:CA_BRIDGEMLS

Price summary

  • Price:$3,700,000

About this home

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

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Home facts

  • Listing ID #:CL26647655
  • Added:7 day(s) ago
  • Updated:February 10, 2026 at 04:06 PM

Structure and exterior

  • Lot area:0.41 Acres

Finances and disclosures

  • Price:$3,700,000

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