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1265 Lyman Pl
Los Angeles, CA 90029
Redevelopment Opportunity · Land For Sale
·
0.08 AC
Investment Highlights
- Adjacent to the Hollywood Presbyterian Medical Center.
- Walking distance to the Metro Rail (Red Line) at Vermont and Sunset.
- Childrens Hospital Los Angeles, Kaiser Permanente Medical Center are within walking distance.
- Convenient access to the 101 Hollywood Freeway.
Executive Summary
1265 Lyman Place offers a rare redevelopment opportunity in the heart of East Hollywood, adjacent to major healthcare institutions and key transportation corridors. This property is zoned RD1.5-1XL (Tier 3) under the Vermont/Western Transit Oriented District Specific Plan, making it suitable for multifamily or mixed-use development. The site spans approximately 3,300 square feet and includes an existing structure, providing flexibility for future plans.
Located within walking distance of the Metro Red Line at Vermont and Sunset, the property ensures excellent connectivity to Downtown Los Angeles and the greater metro area. It is also steps away from Hollywood Presbyterian Medical Center, Kaiser Permanente, and Children’s Hospital Los Angeles, creating strong demand drivers for residential or medical-related development.
Convenient access to the 101 Hollywood Freeway enhances regional connectivity, while nearby retail amenities such as Vons, Walgreens, and multiple dining options add to the site’s appeal. This parcel can also be combined with 1269 Lyman Place for a larger development footprint, offering additional scale and design flexibility.
Located within walking distance of the Metro Red Line at Vermont and Sunset, the property ensures excellent connectivity to Downtown Los Angeles and the greater metro area. It is also steps away from Hollywood Presbyterian Medical Center, Kaiser Permanente, and Children’s Hospital Los Angeles, creating strong demand drivers for residential or medical-related development.
Convenient access to the 101 Hollywood Freeway enhances regional connectivity, while nearby retail amenities such as Vons, Walgreens, and multiple dining options add to the site’s appeal. This parcel can also be combined with 1269 Lyman Place for a larger development footprint, offering additional scale and design flexibility.
Property Facts
| Sale Type | Investment or Owner User | Property Type | Land |
| Sale Condition | Redevelopment Project | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.08 AC |
| Zoning | RD1.5-1XL - Subarea A: Neighborhood Conservation - Maintain the current prevailing scale and character of these blocks; Improve the pedestrian environment | ||
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.08 AC |
| Zoning | RD1.5-1XL - Subarea A: Neighborhood Conservation - Maintain the current prevailing scale and character of these blocks; Improve the pedestrian environment |
1 Lot Available
Lot
| Price | $957,271 CAD | Lot Size | 0.08 AC |
| Price Per AC | $12,635,906.33 CAD |
| Price | $957,271 CAD |
| Price Per AC | $12,635,906.33 CAD |
| Lot Size | 0.08 AC |
Vacant land - Redevelopment Opportunity. Zoning is RD1.5-1XL (Tier 3). Can be acquired along with 1269 Lyman Place.
Description
The property at 1265 Lyman Place in Los Angeles is a 3,300-square-foot parcel with an existing 1,593-square-foot structure. It is zoned RD1.5-1XL and falls under the Vermont/Western Transit Oriented District Specific Plan. The site is located near Hollywood Presbyterian Medical Center, Kaiser Permanente, and Children’s Hospital Los Angeles. It is within walking distance of the Metro Red Line station at Vermont and Sunset and has access to the 101 Hollywood Freeway. The property can be combined with 1269 Lyman Place for a larger development footprint.
Property Taxes
| Parcel Number | 5542-018-013 | Improvements Assessment | $257,086 CAD |
| Land Assessment | $763,470 CAD | Total Assessment | $1,020,556 CAD |
Property Taxes
Parcel Number
5542-018-013
Land Assessment
$763,470 CAD
Improvements Assessment
$257,086 CAD
Total Assessment
$1,020,556 CAD
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