$975,000

1220 W 57th, Los Angeles CA, 90037

Price per sqft$65.77

Lot size0.34 Acres

Property typeLand

Overview

Active

Listed Oct 12, 2026

Updated 12h ago

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.

Additional information

MLS^® ID: GD26221465

Exterior Features

Lot Size: 0.34 Acres

Other Property Details

55+/Senior Community: No

Also listed on CLAW

Listed by Edik Minassian, Classic Realty Exchange, CA DRE 01060150

Listing Contact: 818-521-6060

Based on information from the CRISNet MLS as of 10/17/2026, 6:21 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.