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Investment Highlights

  • Blank Slate Development Opportunity to Build Luxury Mid-Rise Apartments or Condominiums
  • Central to all Los Angeles Amenities including Beverly Hills and West Hollywood
  • Adjacent to Ultra-Affluent Neighborhoods
  • Direct Access to La Cienega Boulevard and Melrose Place Retail Districts
  • High Walkability | WalkScore 91
  • Surrounded by World-Class Retail and Lifestyle Amenities

Executive Summary

Preliminary plans call for either 100 luxury apartments or 80 bespoke condominiums in an eleven-story building over three levels of subterranean parking. It is projected that 12% of the units will be affordable and eight of those units will be subject to rent control. The total rentable square footage will total nearly 98,000 square feet whether the project consists of apartments or condominiums.
Neighboring West Hollywood offers a variety of shopping options, upscale restaurants, and a vibrant nightlife. With direct proximity to Beverly Hills and many affluent neighborhoods such as the Hollywood Hills and Melrose, it has become a popular destination for celebrities, influencers, and fashion-forward individuals. Many high-end retailers and brands are attracted to this area due to the affluent customers that it attracts and have set up flagship locations in West Hollywood. From renowned movie theaters and comedy clubs to Hollywood’s most exclusive nightclubs and timeless hotspots, as well as plenty of everyday conveniences such as banks, fitness studios, grocery stores, home goods stores, and several major coffee chains are right at hand, too. Within walking distance are popular shopping, dining, and entertainment sites such as Nobu Los Angeles, Trader Joe’s, The Pacific Design Center, La Boheme, and much more.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Apartment Units
  • Apartment Units - Condo
Total Lot Size 0.33 AC
Zoning LA R3 - Height, FAR, and Density Bonuses through CHIP, HESMED, and MIIP Programs.

1 Lot Available

Lot

Lot Size 0.33 AC

The development opportunity is situated in a coveted area adjacent to West Hollywood near La Cienega and Santa Monica Blvds. The project is planned for a 0.33 acre lot at the northwest corner of Alfred Street and Willoughby Avenue.

Very walkable
80/100
Fairly drivable
50/100
Good public transit
70/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
5529-006-029
Land Assessment
$3,556,226 CAD
Improvements Assessment
$323,290 CAD
Total Assessment
$3,879,516 CAD
  • Listing ID: 41098176

  • Date on Market: 2026-06-29

  • Last Updated:

  • Address: 843 N Alfred St, Los Angeles, CA 90069

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