*Prime Development Opportunity in Central Hollywood*
This exceptional property spans three contiguous parcels, offering a total of 19,539 square feet in one of the most sought-after locations in Central Hollywood. Situated within a Transit Oriented Community (TOC) and a Transit Priority Area, this site provides unparalleled access to Los Angeles and surrounding communities, ensuring convenience and connectivity.
Zoned R4, the property is primed for high-density development. Developers can maximize the potential for possibly 40+ units or more, leveraging TOC incentives and additional density bonuses under the Hollywood Community Plan.
The site’s design-friendly features, including an existing alleyway that aids in setbacks, enhance its appeal for multi-family housing projects. With its central location and significant development benefits, this property offers an unparalleled opportunity for investors and developers seeking maximum ROI in one of LA’s most vibrant markets.
5930 Willoughby Avenue: Sold $1,850,000 · 7 bd · 7 ba · 3,930 sqft · Jul 2026 · 0.1 mi Whiz Realty, Inc | DRE #01989313 Buyer's agent: Jared Robbins, Keller Williams Realty Los Feliz | DRE #02407108
5942 Willoughby Avenue: Sold $1,350,000 · 6 bd · 6 ba · 3,897 sqft · May 2026 · 0.1 mi Compass | DRE #01875162 Buyer's agent: John Stiegler II, Lyon Stahl Investment Real Estate, Inc. | DRE #01981597
5926 Barton Avenue: Sold $945,000 · 3 bd · 3 ba · 1,790 sqft · Aug 2026 · 0.2 mi Compass | DRE #01877876 Buyer's agent: Peter Santos, Redfin Corporation | DRE #02078044
5806 Waring Avenue 11: Sold $887,000 · 2 bd · 2 ba · 1,340 sqft · Jul 2026 · 0.3 mi Berkshire Hathaway HomeServices California Properties | DRE #01305623 Buyer's agent: Davina O’Donnell, Berkshire Hathaway HomeServices California Properties | DRE #01000976
1232 N El Centro Avenue: Sold $1,282,600 · 3 bd · 2 ba · 2,195 sqft · Jul 2026 · 0.3 mi COMPASS | DRE #00458783 Buyer's agent: Vanessa Yan, Soulful Abode Los Angeles | DRE #01418060
6024 W Beachwood Lane: Sold $955,000 · 2 bd · 3 ba · 1,576 sqft · Jul 2026 · 0.4 mi Christie's International Real Estate SoCal | DRE #01159728 Buyer's agent: Naomi Kalkanoff, Compass | DRE #01510364
803 Wilcox Avenue 7: Sold $700,000 · 1 bd · 2 ba · 1,661 sqft · Jun 2026 · 0.4 mi Keller Williams Beverly Hills | DRE #01341959 Buyer's agent: Alicia Peters, Keller Williams Beverly Hills | DRE #02189179
803 Wilcox Avenue 11: Sold $805,000 · 2 bd · 2 ba · 1,160 sqft · Jun 2026 · 0.4 mi eXp Realty of Greater Los Angeles | DRE #02002538 Buyer's agent: Damian Mlotkowski, Christie's International Real Estate SoCal | DRE #01930801