1845 Taft Avenue, Los Angeles, CA 90028

Local realty services provided by:Nelson Shelton Real Estate ERA Powered
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#:25575721
Source:CRMLS

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

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Home facts

  • Listing ID #:25575721
  • Added:49 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Structure and exterior

  • Lot area:0.55 Acres

Finances and disclosures

  • Price:$5,295,000
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