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2227 Valley St - LOD In Hand | 65-Unit Development 0.36 Acres of Residential Land Offered at $3,542,025 CAD in Los Angeles, CA 90057
Investment Highlights
- Development Site Planned For 26 Residential Units, Including Townhomes And Apartments
- Approximately 0.36-Acre Parcel With Architectural Drawings For A Modern Multifamily Design
- Close To Downtown Los Angeles And Future Mixed-Use Developments Along Wilshire Boulevard
- Located In Westlake Near Koreatown And Echo Park, Adjacent To Vibrant Retail And Dining
- Easy Access To Major Thoroughfares, Including US-101 And I-10 Freeways
- Rapidly Evolving Neighborhood With Strong Demand For New Housing Inventory
Executive Summary
Exceptional 100% Vacant Development Opportunity in the Heart of Westlake, Los Angeles
This is a rare opportunity to acquire approximately 15,760 square feet of 100% vacant LAR3 Tier 1 TOC-zoned land in one of Los Angeles' most active and rapidly evolving multifamily markets. Offering exceptional flexibility and significant upside, the property presents multiple development paths for investors and developers alike.
Current development opportunities include:
Planning and Housing approvals already in place for a 65-unit, 100% affordable, four-story residential project totaling approximately 41,272 square feet, supported by a Letter of Determination.
Potential to redesign and maximize the site under Executive Directive 1 (ED1) for a 140+ unit affordable housing development (subject to approvals).
SB 684 small-lot subdivision potential, allowing for the development of up to 10 small lot homes (buyer to verify).
Strategically positioned in the highly desirable Westlake neighborhood, the property offers outstanding connectivity with immediate access to the 101, 110, and 10 Freeways, providing convenient access to Downtown Los Angeles and neighboring employment and lifestyle hubs including Koreatown, MacArthur Park, East Hollywood, Silver Lake, Echo Park, Chinatown, and Pico-Union.
Westlake is recognized as one of Los Angeles' strongest and most densely populated rental markets, supported by consistent housing demand, excellent public transportation, and proximity to major employment centers. This combination creates an outstanding opportunity for developers seeking a well-located project with long-term investment potential.
The property is offered 100% vacant, allowing a buyer to move forward without the challenges of tenant relocation while taking advantage of the site's zoning and development flexibility.
Prospective buyers are encouraged to conduct their own independent due diligence regarding zoning, entitlements, and development potential.
This is a rare opportunity to acquire approximately 15,760 square feet of 100% vacant LAR3 Tier 1 TOC-zoned land in one of Los Angeles' most active and rapidly evolving multifamily markets. Offering exceptional flexibility and significant upside, the property presents multiple development paths for investors and developers alike.
Current development opportunities include:
Planning and Housing approvals already in place for a 65-unit, 100% affordable, four-story residential project totaling approximately 41,272 square feet, supported by a Letter of Determination.
Potential to redesign and maximize the site under Executive Directive 1 (ED1) for a 140+ unit affordable housing development (subject to approvals).
SB 684 small-lot subdivision potential, allowing for the development of up to 10 small lot homes (buyer to verify).
Strategically positioned in the highly desirable Westlake neighborhood, the property offers outstanding connectivity with immediate access to the 101, 110, and 10 Freeways, providing convenient access to Downtown Los Angeles and neighboring employment and lifestyle hubs including Koreatown, MacArthur Park, East Hollywood, Silver Lake, Echo Park, Chinatown, and Pico-Union.
Westlake is recognized as one of Los Angeles' strongest and most densely populated rental markets, supported by consistent housing demand, excellent public transportation, and proximity to major employment centers. This combination creates an outstanding opportunity for developers seeking a well-located project with long-term investment potential.
The property is offered 100% vacant, allowing a buyer to move forward without the challenges of tenant relocation while taking advantage of the site's zoning and development flexibility.
Prospective buyers are encouraged to conduct their own independent due diligence regarding zoning, entitlements, and development potential.
Property Facts
| Price | $3,542,025 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.36 AC |
| Property Type | Land | ||
| Zoning | LAR3 - 15,760SF LAR3 Tier 1 TOC Zoned Land. | ||
| Price | $3,542,025 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.36 AC |
| Zoning | LAR3 - 15,760SF LAR3 Tier 1 TOC Zoned Land. |
1 Lot Available
Lot
| Price | $3,542,025 CAD | Lot Size | 0.36 AC |
| Price Per AC | $9,838,958.58 CAD |
| Price | $3,542,025 CAD |
| Price Per AC | $9,838,958.58 CAD |
| Lot Size | 0.36 AC |
Description
The parcel at 2227 Valley Street in Los Angeles consists of approximately 0.36 acres located in the Westlake neighborhood. The site falls within a residential area that is undergoing substantial redevelopment. It is near Wilshire Boulevard, Beverly Boulevard, and Downtown Los Angeles, and is accessible to major freeways such as US-101 and I-10. Surrounding uses include multifamily housing and emerging mixed-use retail projects.
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5154-011-021 | Improvements Assessment | $0 CAD |
| Land Assessment | $2,856,707 CAD | Total Assessment | $2,856,707 CAD |
Property Taxes
Parcel Number
5154-011-021
Land Assessment
$2,856,707 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,856,707 CAD
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2227 Valley St - LOD In Hand | 65-Unit Development
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