The Offering
5346 and 5352 Franklin Ave
A rare opportunity to acquire two side-by-side development sites totaling approximately 17,866 SF of R3-1 zoned land in highly sought-after Los Feliz. Offered together at $2,500,000 or individually at $1,250,000 each ($140/SF of land), with exceptional CEQA-exempt development potential, flexible entitlement options, and strong alignment with the city's housing production priorities.
Investment Highlights
- Two adjacent R3-1 lots totaling 17,866 SF
- Up to 102 units per lot under ED1 — $12,255 per buildable unit
- Additional paths: CHIP (79/lot), AB 2334 (69/lot), TOC Tier 3 (21/lot)
- CEQA-exempt pathway for faster entitlement
- Flexible: acquire together or individually
- Under 0.5 miles to Hollywood/Western Metro (B Line); within a Transit Priority Area
- Walkable to Franklin Village retail and restaurants
