5430-5438 Virginia Ave - RTI 65-Unit Apartment Dev | Opportunity Zone 0.34 Acres of Residential Land Offered at $4,490,000 in Los Angeles, CA 90029

Shovel-ready, RTI (Ready-to-Issue) 65-unit apartment development in East Hollywood (90029) - building and grading permits ISSUED December 2025. A permit-ready, ground-up multifamily development site with stamped plans, within a federal Opportunity Zone. Approved for 65 units (31 studios + 34 one-bedrooms), 6 stories, +/-48,525 buildable SF on a combined +/-14,992 SF lot (two parcels: APN 5536-010-009 and 5536-010-010); 14 rec rooms convertible to ADUs (path to 79-81 units). R4-1VL, Tier 3 TOC: 4.5:1 FAR, 67 ft, ZERO parking required (AB 2097). CEQA-exempt (SB 35), by-right, no discretionary hearings. Predominantly market-rate (10% ELI). The site is vacant and cleared - all prior structures have been demolished - leaving a flat, development-ready lot. Walk to the Vermont/Santa Monica Metro B Line; adjacent to the Echelon Studios mega-development. Full plan set and GC budget available. DISCLAIMER: All information is from sources deemed reliable but is NOT guaranteed and has not been independently verified by the broker or seller. The property is offered and sold strictly AS-IS, WHERE-IS, with all faults and without any representation or warranty of any kind, express or implied. Buyer is solely responsible for conducting its own independent due diligence and for verifying ALL information and claims - including entitlements, RTI status, permits, plans, zoning, unit counts, square footages, lot size, soils, environmental conditions, and development potential. Neither broker nor seller guarantees the accuracy or completeness of any information, and buyer assumes all risk.