944 N Ogden DR new

West Hollywood,CA 90046

$ 1950000

- Bed

0 Bath

- SqFt


Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25610751

HOA Y/N No

Lot Size 6,499 Sqft

Property Description

We are pleased to present pleased to present 944 N Ogden Dr and 947 N Genesee Ave, two vacant R3-B zoned parcels totaling approximately 13,000 square feet in a highly sought-after West Hollywood location. Situated just off Melrose Avenue and North Fairfax, these contiguous lots offer an outstanding opportunity for a boutique luxury condominium or multifamily redevelopment in one of Los Angeles' strongest infill markets. Each parcel is approximately 6,500 square feet and zoned R3 (Multi-Family Medium Density). The properties may be purchased individually or together, providing flexibility for developers pursuing smaller infill projects or a larger, combined assembly. The two parcels were previously approved together for a 10-unit luxury townhome condominium project, confirming entitlement feasibility and establishing a clear precedent for future development. Combined, the sites offer by-right potential for 16 units, and up to 34 units under AB 1287, which provides an additional 50% density bonus for projects that include both low- and moderate-income housing. Located within a half-mile of major public transit, the sites also qualify under AB 2097, which eliminates parking minimums for new developments in transit-rich areas significantly reducing construction costs and design constraints. Additionally, the parcels may qualify for streamlined, ministerial approval under SB 684, California's 2024 legislation that expedites small, for-sale infill projects with 10 or fewer units. The seller is open to providing attractive financing to qualified developers, including potential below-market, interest-only bridge terms, offering a rare opportunity to maximize leverage and returns during the entitlement and pre-construction phases.

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning WDR3C*

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

New Construction No

Others

Senior Community No

Tax ID 5530025002

Special Listing Condition Real Estate Owned

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