Your email has been sent.
5657 Fountain Ave - Holly & Vine 0.17 Acres of Residential Land Offered at $2,213,424 CAD in Los Angeles, CA 90028
INVESTMENT HIGHLIGHTS
- HIGH-DENSITY INFILL REDEVELOPMENT R3-1 zoning with TOC Tier 3
- FLEXIBLE DEVELOPMENT PROGRAM Ideal for market-rate apartments, micro-unit housing, or 100% affordable projects
- SUPPLY-CONSTRAINED HOLLYWOOD SUBMARKET Hollywood remains one of the most desirable and under-supplied rental markets in Los Angeles
- STREAMLINED ENTITLEMENT PATHWAYS Eligible for AB 2334, SB 35, and Executive Directive 1 (ED1)
- AFFORDABLE HOUSING INCENTIVES Qualifies as a Low Vehicle Travel Area and a Housing Element Site (ZI-2512)
- LONG-TERM UPSIDE With zoning and TOC bonuses already in place
PROPERTY FACTS
| Price | $2,213,424 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.17 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | R3-1 | TOC Tier 3 - R3-1 zoning with TOC Tier 3 incentives allows up to an 80% density bonus, 4.5:1 FAR, and reduced setbacks. | ||
| Price | $2,213,424 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.17 AC |
| Opportunity Zone |
Yes |
| Zoning | R3-1 | TOC Tier 3 - R3-1 zoning with TOC Tier 3 incentives allows up to an 80% density bonus, 4.5:1 FAR, and reduced setbacks. |
1 LOT AVAILABLE
Lot
| Price | $2,213,424 CAD | Lot Size | 0.17 AC |
| Price Per AC | $12,838,439.03 CAD |
| Price | $2,213,424 CAD |
| Price Per AC | $12,838,439.03 CAD |
| Lot Size | 0.17 AC |
DESCRIPTION
5657 W Fountain Ave presents a prime infill redevelopment opportunity in the heart of Hollywood, surrounded by new construction, transit connectivity, and strong rental demand. Situated within a Transit Oriented Communities (TOC) Tier 3 zone, the property offers substantial density and height bonuses—allowing for up to 16 market-rate units or 45+ micro-units under an affordable housing program. Located just east of Vine Street and north of Santa Monica Blvd, the site is walkable to major studios, job centers, and entertainment corridors, making it a highly desirable location for workforce, market-rate, or affordable housing developers. At current pricing, the property represents a below-replacement-cost entry into one of Los Angeles’ most active multifamily submarkets, with multiple entitlement and incentive pathways available to expedite approvals and maximize project economics
Presented by
5657 Fountain Ave - Holly & Vine
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.