For Sale

Listed by Jacob Zacuto from Zacuto Group

Source: Combined LA Westside Multiple Listing Service, Inc #26647655

5346 Franklin Avenue, Los Angeles, CA, 90027

$3,700,000

17866 sq. ft.

Land

30+ days on the market

What's around 5346 Franklin Avenue

About this property

Rare opportunity to acquire two side-by side development sites totaling approximately 17,866 square feet of R3-1 zoned land, located at 5346 and 5352 Franklin Avenue in the highly sought-after Los Feliz submarket of Los Angeles. Offered together at a combined asking price of $3,700,000, these parcels provide exceptional CEQA-exempt development potential with meaningful scale, flexible entitlement options, and strong alignment with the city's housing production priorities. Each parcel is approximately 8,933 square feet and must be developed independently due to limitations under Section 7.A of the Vermont/Western SNAP (Station Neighborhood Area Plan, Subarea A), which restricts lot mergers exceeding 15,000 square feet. While this may seem like a limitation, it creates a strategic opening for developers to pursue two separate high-density projects either simultaneously or in a phased approach. Each site is capable of delivering over 100 units with ministerial approvals and no CEQA review, offering a level of entitlement efficiency rarely available in Infill Los Angeles.Under Executive Directive 1 (ED1), each parcel may support up to 102 units(buyer to verify), translating to a land basis of just $19,118 per buildable unit.ED1 allows for streamlined approvals, reduced parking requirements, and CEQA exemption for projects that meet affordability and labor criteria, enabling developers to accelerate timelines and reduce entitlement risk.For developers seeking a balance between affordability and market-rate programming, the CHIP Affordable Housing Incentive Program (AHIP)allows for up to 79 units per lot. AB 2334 supports up to 69 units per parcel under similar guidelines. CHIP's Transit Oriented Incentive Area (TOIA Tier2) supports larger unit formats, up to six stories and 67 feet in height, whileTOC Tier 3 permits up to 21 units per lot with density bonuses and reduced parking. Even under a by-right density bonus scenario, each parcel supports15 units, with full CEQA exemption across all scenarios.The property's location further enhances its long-term value proposition.Positioned just blocks from the Hollywood/Western Metro Station (B Line),the site offers unmatched access to major job hubs in Hollywood, DTLA, Koreatown, and the San Fernando Valley. As part of a Transit Priority Area(TPA), the site qualifies for additional parking and density relief, improving feasibility in a high-cost development environment. Surrounded by the cultural and architectural legacy of Los Feliz, the community feel of Franklin Village, and the reinvestment wave in East Hollywood, this location is uniquely positioned to attract renters seeking access, lifestyle, and convenience. The surrounding area features a diverse housing stock, walkable retail, and institutional anchors like Netflix, Kaiser Permanente, Children'sHospital, Paramount Studios, and Los Angeles City College.With multiple CEQA-exempt entitlement paths, deep planning flexibility, and a transit-rich location in one of Los Angeles' most supply-constrained submarkets, 5346 and 5352 Franklin Avenue represent a rare opportunity to deliver impactful housing that is both economically viable and policy aligned.Whether maximizing density under ED1 or pursuing a more measured path under CHIP, AB 2334, TOC, or by-right, this offering delivers the zoning, location, and scale developers need to succeed in today's market. Sale includes two adjacent parcels: 5544-006-033, 5544-006-049

Looking for more information on 5346 Franklin Avenue?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties for sale nearby

For Sale
$8,500,000
4773 Hollywood Boulevard
Los Angeles CA 90027
Land
Listing courtesy of CB Richard Ellis, Inc.
For Sale
$2,795,000
1839 North Kenmore Avenue
Los Angeles CA 90027
Land
Listing courtesy of Real Broker
For Sale
$450,000
3757 Aloha Street
Los Angeles CA 90027
Land
Listing courtesy of John Thoms Properties

Other properties for sale by Zacuto Group

For Sale
$1,750,000
203/212 Marine St
Santa Monica CA 90405
2
2
1
Condo
Listing courtesy of Zacuto Group
For Sale
$1,550,000
3517 West Mont Clair Street
Los Angeles CA 90018
8
8
Other
Listing courtesy of Zacuto Group
For Sale
$2,400,000
1231 17th Street
Santa Monica CA 90404
8
6
4
Other
Listing courtesy of Zacuto Group

Browse properties sold in nearby areas

The multiple listings information is provided by The MLS/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 The MLS/CLAW. All Rights Reserved. The information 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent