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Investment Highlights

  • Located on Larchmont Boulevard within a highly walkable neighborhood featuring shops, dining, and services.
  • Excellent accessibility to Wilshire Boulevard, Melrose Avenue, and Hollywood.
  • Consistent pedestrian activity and strong local demographics enhance long-term investment appeal.
  • Approximately 7,000-square-foot lot with LAC2 zoning, supporting mixed-use or boutique development potential.
  • Surrounded by established neighborhoods including Hancock Park, Windsor Square, and Koreatown.

Executive Summary

This property offers a rare development opportunity in the heart of Larchmont Village, one of Los Angeles’ most desirable neighborhoods. Positioned along the iconic tree-lined Larchmont Boulevard, the site is surrounded by boutique shops, popular cafes, and neighborhood amenities that attract consistent foot traffic. The existing residence features approximately 1,431 square feet of living space on a generous ~7,000 square foot lot, providing flexibility for an owner-user, investor, or developer seeking a premier location in central Los Angeles.

Property Facts

Price $4,087,457 CAD
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Office
  • Multifamily
  • Apartment Units
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
Total Lot Size 0.16 AC
Zoning LAC2 - LAC2 zoning; mixed use of commercial / residential multi unit

1 Lot Available

Lot 1

Price $4,087,457 CAD
Price Per AC $25,546,605.76 CAD
Lot Size 0.16 AC

0.16 acres of level, previously-developed land.

Description

Zoned LAC2, the property allows for a range of potential uses, including residential, mixed-use, or boutique commercial development (buyer to verify). Its central location offers excellent connectivity to major thoroughfares such as Wilshire Boulevard, Melrose Avenue, and Hollywood, as well as proximity to established neighborhoods like Hancock Park, Windsor Square, and Koreatown. This combination of zoning flexibility, strong demographics, and a walkable urban setting makes 507 N Larchmont Blvd an exceptional opportunity for those seeking to create value in a vibrant Los Angeles corridor.

Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
5523-016-021
Land Assessment
$1,788,865 CAD
Improvements Assessment
$447,213 CAD
Total Assessment
$2,236,078 CAD
  • Listing ID: 39730311

  • Date on Market: 2026-03-10

  • Last Updated:

  • Address: 507 N Larchmont Blvd, Los Angeles, CA 90004

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