Log In/Sign Up
Your email has been sent.
1853 Garfield Pl 0.22 Acres of Residential Land Offered at $1,595,000 in Los Angeles, CA 90028
Investment Highlights
- ±9,970 SF vacant, gated lot zoned R3-1
- Unit mix includes 3 ELI-designated affordable units, satisfying TOC Tier 3 requirements
- Existing plans and permits can be shared upon request
- Adjacent to Los Feliz, Hollywood and Silver Lake. 1 block from the Hollywood/Western Metro station, 2 blocks from Gelson's, Target, and 101 Freeway
- Delivered ready-to-issue approvals for a six-story, 23-unit condominium project
Executive Summary
Maher Commercial Realty is pleased to present 1853 Garfield Place, a ±9,970 SF vacant, gated parcel of land at the intersection of Franklin Avenue and Western Avenue in Hollywood, set in the foothills of Griffith Park and immediately adjacent to Los Feliz. Offered at $1,595,000 (±$160 per Sq.Ft.), the site carries R3-1 zoning and TOC Tier 3 designation, placing it in one of central Los Angeles' most supply-constrained ownership corridors.
The surrounding area is defined by deep rental and ownership demand: the site sits one block from the Hollywood/Western Metro station and just 0.5 miles from Netflix headquarters, within Hollywood's expanding studio district and close to major employers including Paramount Studios, Sunset Gower Studios, Viacom, and Technicolor. Daily conveniences are equally strong, Gelson's, Target, and the 101 Freeway are two blocks away, with Los Feliz Village, Silver Lake, and Sunset Junction minutes from the front door, and the Greek Theatre and Griffith Observatory a five-minute drive. A Walk Score of 85 and Transit Score of 63 underscore the connectivity that draws condominium buyers and renters to this corridor without Westside pricing.
Existing plans and permits to build 23 condominium units can be shared upon request.
The surrounding area is defined by deep rental and ownership demand: the site sits one block from the Hollywood/Western Metro station and just 0.5 miles from Netflix headquarters, within Hollywood's expanding studio district and close to major employers including Paramount Studios, Sunset Gower Studios, Viacom, and Technicolor. Daily conveniences are equally strong, Gelson's, Target, and the 101 Freeway are two blocks away, with Los Feliz Village, Silver Lake, and Sunset Junction minutes from the front door, and the Greek Theatre and Griffith Observatory a five-minute drive. A Walk Score of 85 and Transit Score of 63 underscore the connectivity that draws condominium buyers and renters to this corridor without Westside pricing.
Existing plans and permits to build 23 condominium units can be shared upon request.
Property Facts
| Price | $1,595,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.22 AC |
| Property Type | Land | ||
| Zoning | R-3-1 TOC Tier 3 - Residential | ||
| Price | $1,595,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.22 AC |
| Zoning | R-3-1 TOC Tier 3 - Residential |
1 Lot Available
Lot
| Price | $1,595,000 | Lot Size | 0.22 AC |
| Price Per AC | $7,120,853.61 |
| Price | $1,595,000 |
| Price Per AC | $7,120,853.61 |
| Lot Size | 0.22 AC |
±9,970 SF vacant, gated infill development parcel located in Hollywood near Los Feliz with R3-1 zoning and TOC Tier 3 designation.
1 1
Very walkable
80/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5544-003-045 | Improvements Assessment | $0 |
| Land Assessment | $1,367,057 | Total Assessment | $1,367,057 |
Property Taxes
Parcel Number
5544-003-045
Land Assessment
$1,367,057
Improvements Assessment
$0
Total Assessment
$1,367,057
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
1853 Garfield Pl