1220 W 57th, Los Angeles, CA 90037

Los Angeles
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
1220 W 57th,Los Angeles, CA 90037
$975,000
  • 0.34 Acres
  • Lots / Land
  • Active
Listed by: edik minassian, alejandro quinonez
Office: classic realty exchange818-502-4100
MLS#:GD26221465
Source:CRMLS

Price summary

  • Price:$975,000

About this home

PRIME MULTIFAMILY DEVELOPMENT OPPORTUNITY – 14,821 SQ. FT. LOT! Exceptional investment and development opportunity in the heart of Los Angeles! Offered at $975,000, this expansive 14,821 sq. ft. vacant lot features RD1.5-1-CPIO zoning, offering excellent potential for multifamily residential construction. Based on the standard RD1.5 density calculation, the lot may accommodate approximately 9 residential units, subject to City approval and applicable development regulations. The property is also designated as a Housing Element Rezoning Site and is located within a Transit Priority Area, providing opportunities to explore qualifying density bonuses and affordable housing incentives. Conveniently located near major transportation corridors, shopping, schools, and employment centers. Ideal for developers, builders, and investors seeking to capitalize on Los Angeles' continued housing demand. Buyer to independently verify zoning, allowable density, development incentives, parking...

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Home facts

  • Listing ID #:GD26221465
  • Added:15 day(s) ago
  • Updated:October 28, 2026 at 12:01 PM

Structure and exterior

  • Lot area:0.34 Acres
  • Lot Features:Level with Street

Utilities

  • Water:Public

Finances and disclosures

  • Price:$975,000
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