We are pleased to present a rare 100% vacant land development opportunity located in the Westlake neighborhood of Los Angeles. Totaling 15,760 of LAR3 Tier 1 TOC zoned land, a new owner has the ability to capitalize on various exit strategies that include the following: 1) Letter of Determination from Planning and Housing Approval for a 65-unit, 100% affordable, 4-story, 41,272 SF building, 2) Potential to redesign the plans for a 140+ unit ED1 affordable housing development, or 3)Utilize SB684 for 10 small lot homes! This development site is strategically located in close proximity to the 101, 110 and 10 freeways providing easy access to downtown Los Angeles as well as neighboring submarkets such as Koreatown, MacArthur Park, East Hollywood, Silver Lake, Echo Park Chinatown and Pico Union. Contact the listing broker for additional information.
Lot/land
Price cut: $255K (7/14)
$3,995,000
2227 Valley St, Los Angeles, CA 90057
--beds
--baths
0.36Acres
Unimproved Land
Built in ----
0.36 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 38 days
- on Zillow |
- 32 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: July 14, 2025 at 03:31am
Listed by:
Casey Lins DRE # 01902650 714-333-6768,
Kidder Mathews of California, Inc. 858-369-3010,
Vincent Cook DRE # 02012324 213-225-7222,
Kidder Mathews of California, Inc
Source: CLAW,MLS#: 25516145

Travel times
Facts & features
Property
Features
- Has view: Yes
- View description: City
Lot
- Size: 0.36 Acres
- Features: Single Lot, City Lot
Details
- Parcel number: 5154011021
- Zoning: LAR3
- Special conditions: Standard
Utilities & green energy
- Electric: In Street
- Water: Public
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Tax assessed value: $1,976,760
- Annual tax amount: $24,025
- Date on market: 6/25/2025
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