Property Description

We are pleased to present 1853 Garfield Place, a ready-to-issue condominium development opportunity nestled in the foothills of Griffith Park, at the intersection of Franklin Avenue and Western Avenue in Hollywood immediately adjacent to the coveted Los Feliz neighborhood. Offered at $1,595,000, this 9,970 SF vacant, gated lot is approved for a 23-unit condominium project and delivered RTI, providing a developer with a direct path to permit issuance and a meaningful reduction in pre-construction timeline and entitlement risk. The project is designed as a six-story building comprising six levels of residential condominiums over two levels of subterranean parking, with a total proposed floor area of 27,052 SF. The 23-unit mix is calibrated to capture broad buyer demand: majority 2-bedroom and 3-bedroom units, including 3 ELI-designated affordable units in compliance with TOC Tier 3 requirements. On-site subterranean parking totals 25 spaces. The property benefits from R3-1 zoning and TOC Tier 3 designation, and sits within one of central Los Angeles' most supply-constrained ownership corridors. Entitled, shovel-ready condominium opportunities of this scale are exceptionally rare in this submarket. The site is one block from the Hollywood/Western Metro station and only 0.5 miles from Netflix headquarters, positioning it squarely within Hollywood's expanding studio district. Major entertainment industry employers including Paramount Studios, Sunset Gower Studios, Viacom, and Technicolor are all within close proximity, supporting a deep and consistent pool of prospective condominium buyers and renters alike.Day-to-day conveniences are equally strong: Gelson's, Target, and the 101 Freeway are two blocks away, while the vibrant corridors of Los Feliz Village, Silver Lake, and Sunset Junction are minutes from the front door. The Greek Theatre and Griffith Observatory are a short five-minute drive, and the surrounding neighborhood offers a dense walkable fabric of cafes, restaurants, boutiques, gyms, and grocery options. With a Walk Score of 85, Transit Score of 63, and immediate freeway access, 1853 Garfield Place delivers the connectivity that today's condominium buyer demands without the premium pricing of the Westside. At $160 per square foot of land, 1853 Garfield Place represents a compelling basis for a developer seeking a de-risked, design-ready project in a neighborhood defined by strong ownership demand, enduring lifestyle appeal, and a limited pipeline of comparable entitled opportunities.

Property Features