5720 Waring Avenue, Los Angeles, CA 90038

Los Angeles
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
5720 Waring Avenue,Los Angeles, CA 90038
$2,995,000
  • 0.3 Acres
  • Lots / Land
  • Active
Listed by: jonathan bloom, errol spiro
Office: miller & desatnik realty co.310-202-9166
MLS#:26989607
Source:CRMLS

Price summary

  • Price:$2,995,000

About this home

This 13,007-square-foot vacant lot is ideally located adjacent to Larchmont Village and offers a compelling multifamily development opportunity. The property is fully entitled and Ready-to-Issue (RTI) for an approximately 43,620-square-foot, five-story building containing 35 dwelling units. Approved plans also allow the recreation room to be converted into a one-bedroom, one-bathroom ADU, potentially increasing the project to 36 total units. A significant advantage of the project is its efficient parking design, which provides 17 on-grade parking spaces and eliminates the need for costly subterranean construction. The well-designed unit mix includes twelve two-bedroom/two-bathroom units, seven one-bedroom/one-bathroom units, and sixteen studio units. Seven units representing 20% of the project are designated for low-income tenants, consisting of three studios, two one-bedroom/one-bathroom units, and two two-bedroom/two-bathroom units. This affordable-housing allocation eliminates...

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Home facts

  • Listing ID #:26989607
  • Added:8 day(s) ago
  • Updated:September 26, 2026 at 10:50 AM

Structure and exterior

  • Lot area:0.3 Acres

Finances and disclosures

  • Price:$2,995,000
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