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$ 1,700,000
Est. payment /mo
Pending
1431 N Vista Street Los Angeles, CA 90046
6,528 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CL25609723
HOA Y/N No
Lot Size 6,528 Sqft
Acres 0.15
Property Sub-Type Unimproved Land
Property Description
The LAAA Team is pleased to present 1431 N Vista Street, a prime infill development opportunity located in the heart of Los Angeles, directly bordering West Hollywood. This 6,528 square foot parcel is positioned within a high opportunity, transit oriented corridor that supports increased density through multiple incentive programs. With favorable R3-1 zoning, ministerial entitlement pathways, and no parking requirements under AB 2097, the property provides investors with a streamlined, high yield development scenario featuring substantial upside potential. The site will be delivered vacant at closing, offering a clear path to demolition and immediate entitlement.Notably, the Seller previously commissioned concept plans for a 38-unit, four-story 100% affordable housing project, demonstrating the site's robust development capacity and feasibility under current density programs. Currently improved with two residential structures, the property is designated Medium Residential under the City's General Plan. Multiple development pathways are available, offering flexible yield scenarios. The recommended development track is MIIP TOIA-1, balancing optimal yield (18 units) with a ministerial, no-CEQA entitlement process. This option requires approximately 14% Very-Low-Income units (3 unit
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 5550022005
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Listed by Filip Niculete • Marcus & Millichap