$2,600,000
0.34 Acre Lot

443 - 449 N Virgil Avenue, Los Angeles, California 90004

  • Land Property Type
Property Description

We are pleased to present a15,016 SF double-lot residential redevelopment opportunity located at 443-449 N Virgil Avenue, LosAngeles, California. The subject property is located in a great East Hollywood location, north of Beverly Boulevard and east of N Vermont Avenue. Originally built as two (2) separate SFRs on two (2) concurrent parcels, this redevelopment opportunity is zoned R3-1 with numerous project options. Totaling 15,016 SF, a developer could choose to simply add square footage and an ADU on each lot. The zoning allows for nine (9) units by-right on each lot which opens the door to a nice townhouse style redevelopment. Utilizing MIIP under CHIP, the recently up zoned land can take advantage of T-2 TOIC to add 110%density for up to twenty-one (21) units per lot. A completed project will enjoy the benefits of living in one of the best submarkets for absorption across the LA metro on a major commercial corridor with tons of activity nearby in Virgil Village, Silver Lake, Echo Park,Hollywood, and Koreatown. Residents will appreciate living next to trendy amenities across Virgil Avenue, Beverly Boulevard, and throughout the Eastside. Young professionals will appreciate the close proximity to the freeway, Downtown LA, and Hollywood. Situated in a prime East Hollywood location, this offering presents a rare opportunity to develop up to forty-two (42) units under CHIP on two (2) concurrent parcels in a rapidly developing submarket with strong absorption and rent growth.

Basic Details
Land
For Sale
25527799
$2,600,000
0.34 Acre
Active
Features
$0
Address Map
CA
Los Angeles
Los Angeles
90004
Virgil
443 - 449
Avenue
On Virgil Ave
C21 - Silver Lake - Echo Park
N
LAR3
Additional Information
$0
$0
$0
$0
$0
: Irregular Lot, Value In Land
2025-04-21
Broker/Agent Information
CBRE
John Boyett
Listing Information
CLW-C141733
CLW-X7429504
Active
2025-06-26T01:18:47Z
CRMLS
: Standard
2025-04-21T00:00:00Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069