$975,000
 $5,234 est/mo Sourced by Back At You

1220 W 57th,Los Angeles, CA 90037

Los Angeles, CA 90037

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Description

PRIME MULTIFAMILY DEVELOPMENT OPPORTUNITY - 14,821 SQ. FT. LOT! Exceptional investment and development opportunity in the heart of Los Angeles! Offered at $975,000, this expansive 14,821 sq. ft. vacant lot features RD1.5-1-CPIO zoning, offering excellent potential for multifamily residential construction. Based on the standard RD1.5 density calculation, the lot may accommodate approximately 9 residential units, subject to City approval and applicable development regulations. The property is also designated as a Housing Element Rezoning Site and is located within a Transit Priority Area, providing opportunities to explore qualifying density bonuses and affordable housing incentives. Conveniently located near major transportation corridors, shopping, schools, and employment centers. Ideal for developers, builders, and investors seeking to capitalize on Los Angeles' continued housing demand. Buyer to independently verify zoning, allowable density, development incentives, parking requirements, and all construction possibilities with the City of Los Angeles.

Details

MLS #GD26221465
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site13
Listing Provided ByClassic Realty Exchange | Edik Minassian

Features

ZoningLARD1.5
Acreage0.34
Property ViewNone

Exterior

Lot FeaturesLevel

Location

Community FeaturesCurbs

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90037
AreaC34 Los Angeles Southwest
Listing VS Median (in 90037)
Price:
$975,000
low | high
Med:
$817,000
66.205128205128% of Average
On site:
13
low | high
Med:
154
8.441558441558% of Average
Sourced by Back At You

Market Activity 90037

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Contact

Learn More About This Property

Charles Koser

Charles Koser

Desert Lifestyle Properties

02111293 (760) 917-4702charles@pskoser.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90037
AreaC34 Los Angeles Southwest
Listing VS Median (in 90037)
Price:
$975,000
low | high
Med:
$817,000
66.205128205128% of Average
On site:
13
low | high
Med:
154
8.441558441558% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $731K - $1.218M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
1132 W 56th Property Photo 1
$869,900
1132 W 56th
Los Angeles, CA 90037
1308 W 53rd Street Property Photo 1
$1,175,000
1308 W 53rd Street
Los Angeles, CA 90037
Listing Updated: October 12, 2026 at 1:13:24 PM PDT