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Investment Highlights

  • Flat, fully usable development site requiring no grading.
  • Zoned to support construction of up to four residential units.
  • Strong surrounding housing demand in a desirable Los Angeles neighborhood.
  • Iconic views of Downtown LA, the Hollywood Sign, and Griffith Observatory.
  • Highly cost-efficient site due to zero slope and simplified build process.

Executive Summary

This rare offering presents a fully usable, flat development site with sweeping, unobstructed views of Downtown Los Angeles, the Hollywood Sign, and the Griffith Observatory. The absence of slope, grading, or terrain challenges makes this property an efficient and cost-effective opportunity for builders seeking a streamlined path to construction. With zoning that allows the development of up to four residential units, the site is ideally suited for a boutique multifamily project, luxury small-lot subdivision, or high-end rental units designed to capture the unique skyline and landmark views. Its elevated visual appeal, combined with ease of build, positions this land as one of the most compelling small-scale development opportunities in the area. Whether for long-term hold or short-term exit, the property offers exceptional potential and enduring demand in one of Los Angeles’s strongest residential markets.

Property Facts

Price $889,521 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Contractor Storage Yard
  • Agricultural
Total Lot Size 0.15 AC
No. Stories 1
Zoning LCR2* - Low-Density Multiple-Family Residential

1 Lot Available

Lot

Price $889,521 CAD
Price Per AC $5,930,141.13 CAD
Lot Size 0.15 AC

Flat development parcels with unobstructed views of Downtown LA, the Hollywood Sign, and Griffith Observatory. Fully usable lots with no grading needed, offering efficient opportunities to build up to four multifamily units.

Description

The property consists of a rare, view-oriented flat lot positioned to capture some of Los Angeles’s most iconic scenery, including Downtown LA’s skyline, the Hollywood Sign, and the Griffith Observatory. The land is fully level with no grading, slope adjustments, or site work needed, significantly reducing construction costs and improving project feasibility. Its development potential of up to four residential units creates flexibility for a range of housing concepts, from multifamily rentals to modern small-lot residences. Surrounding areas offer strong residential demand, with proven desirability for homes featuring city and landmark views. The combination of flat topography, visual appeal, and development capacity makes this property uniquely attractive to investors and builders seeking a standout site in a dense and high-value Los Angeles submarket.

Property Taxes

Property Taxes

Parcel Number
5227-001-012
Land Assessment
$113,414 CAD
Improvements Assessment
$0 CAD
Total Assessment
$113,414 CAD
  • Listing ID: 16921416

  • Date on Market: 2019-08-14

  • Last Updated:

  • Address: 3860 Dwiggins St, Los Angeles, CA 90063

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