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1220 W 57th , Los Angeles, CA 90037
$975,000
Est. Payment: $5,124.04/mo
0.34 Acres
Status: active | Days on site: 4
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G6558 - G81528,PWQUIALE
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Chris Heller
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House 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.
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Highlights

Listed by Edik Minassian , 818-521-6060 and Alejandro Quinonez , 310-448-9500 Classic Realty Exchange , 818-502-4100. CRMLS/Multi-Regional MLS mls logo

Property Type

Vacant Land
Lot/Acreage
0.34

County

Los Angeles

Area

C34 - Los Angeles Southwest

Listing ID

GD26221465

Questions about this listing?

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Interior Features

Water:Public

Exterior Features

Lot:Level,No Land Lease
Zoning:LARD1.5
Principal Interest
$5,124
Taxes
$622

Home Price

$975,000

Loan Details

30 yrs
6.875%

Down Payment

20%
$195,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,124.04

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,124.04 $621.56 $0.00 $5,745.61
Yearly $61,488.54 $7,458.75 $0.00 $68,947.29
Total $1,844,656.11 $223,762.50 $0.00 $2,068,418.61

Today's Rates

30 Year

6.88%

20 Year

6.86%

15 Year

6.33%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-11-07T03:31:57.000Z

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