An exceptional development opportunity in the heart of East Hollywood, offering a prime multifamily development site in one of Los Angeles' strongest rental markets. With development-friendly zoning, TOC Tier 3 incentives, and outstanding long-term appreciation potential, this property is ideally suited for developers and investors seeking to capitalize on continued residential demand.
The property comprises an approximately 6,000 sq ft flat, usable lot located at 779 N Alexandria Avenue. Zoned LARD1.5 and benefiting from TOC Tier 3 incentives, the site offers the potential to develop 8 or more residential units, subject to approvals, while benefiting from reduced parking requirements. Surrounded by established multifamily properties, the site is positioned within a highly desirable rental corridor between Hollywood, Koreatown, and Downtown Los Angeles.
Excellent connectivity to the US-101, Metro B Line, major bus routes, and key employment centres including Paramount Pictures and Netflix further enhances the property's appeal. Nearby retail, restaurants, healthcare facilities, and educational institutions support strong tenant demand, making this an outstanding long-term investment opportunity.
Further information is available to qualified buyers upon request. Contact us today to receive additional details or arrange a site visit.
