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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: 2 one-bedroom units (+438701 SF), 13 two-bedroom units (+7331,284 SF), and 8 three-bedroom units (+1,0482,140 SF), including 3 ELI-designated affordable units in compliance with TOC Tier 3 requirements. On-site parking totals 25 spaces across two subterranean levels. 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 Type(s):
Lot/Land/Acreage
| Last Updated | 5/11/2026 | Year Built | 0 |
|---|---|---|---|
| Community | C20 - Hollywood | County | Los Angeles |
Additional Details
| AREA | C20 - Hollywood |
|---|---|
| LOT | 9971 sq ft |
| LOT DESCRIPTION | Corners Marked |
| LOT DIMENSIONS | 47x190 |
| VIEW DESCRIPTION | None |
Location
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Listed with Maher Commercial Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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