2829 Waverly Drive

Los Angeles , CA 90039

MLS#: 24358885

$5,500,000

Status: Active Under Contract
Listing number: 24358885
Listing provided by: Keller Williams Beverly Hills
Listing agent phone: None
Last update: N/A
On site: 1 year, 5 months ago
Browse Properties
Main image without alt text

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Lot size

0.9824 acres

We are proud to exclusively present for sale a Ready-to-Issue 13 Small Lot Subdivision Development Project in prime Silver Lake, sandwiched between the Silver Lake Reservoir and the massive Griffith Park. The proposed project is situated on a rare 42,793 SF lot on a knoll providing for some promising views. The SLO Project features a popular mix of five spacious 3 bedroom homes and eight 2 bedroom homes, each with their own garage, private decks and patios. The expansive lot will house ample parking, consisting of 13 two-car garages and 9 open air parking spaces. Located within a block from neighborhood retail and near the shopping on Glendale Blvd. and Hyperion Ave., just over the 5 freeway from Atwater Village, an easy walk to the Silver Lake Reservoir, steps to the bicycle path on the LA River, fine and casual dining all around, Whole Foods and Trader Joe's down the road, nightlife and anything a future owner or tenant would want or need, this location and the beautifully designed Project will be the talk of the town!

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

Exterior

  • Garage

    No

  • Pool

    No

  • View

    None

Area & Lot

  • Lot Size(acres)

    0.9824

  • Property Type

    Land

Price

  • Sales Price

    $5,500,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Senior Community YN

    NO

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Jordan Petito , Keller Williams Beverly Hills

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
We are proud to exclusively present for sale a Ready-to-Issue 13 Small Lot Subdivision Development Project in prime Silver Lake, sandwiched between the Silver Lake Reservoir and the massive Griffith Park. The proposed project is situated on a rare 42,793 SF lot on a knoll providing for some promising views. The SLO Project features a popular mix of five spacious 3 bedroom homes and eight 2 bedroom homes, each with their own garage, private decks and patios. The expansive lot will house ample parking, consisting of 13 two-car garages and 9 open air parking spaces. Located within a block from neighborhood retail and near the shopping on Glendale Blvd. and Hyperion Ave., just over the 5 freeway from Atwater Village, an easy walk to the Silver Lake Reservoir, steps to the bicycle path on the LA River, fine and casual dining all around, Whole Foods and Trader Joe's down the road, nightlife and anything a future owner or tenant would want or need, this location and the beautifully designed Project will be the talk of the town!

2829 Waverly Drive

Message successfully sent.

What would you like to know?

Related Properties

New on site 2 days ago
Prime redevelopment opportunity! ~9,888 SF corner lot, steps from the Wilshire/La Brea Metro Station (anticipated Q4 2025). High visibility, Located in the CHIP Transit Oriented Incentive Area (TOIA) 3 and Opportunity Corridor Incentive Area OC-3, offering additional housing incentives. This corner lot has potential for an 8-story mixed-use development with up to 90 units and 4,200 SF of retail space and/or restaurant (subject to buyer verification). As a vacant lot, there are no existing tenants to relocate or replace. Situated in the heart of Los Angeles' vibrant Miracle Mile, 601 S. La Brea Avenue offers a rare ~9,888-square-foot corner lot in one of the city's most dynamic and high-traffic corridors. Located steps from the upcoming Wilshire/La Brea Metro Station (expected to open in Fall 2025), this prime vacant parcel benefits from exceptional visibility, with over 75,000 vehicles per day and significant pedestrian traffic. Surrounded by Hollywood, West Hollywood, Melrose, Fairfax, Hancock Park, Beverly Grove, and Koreatown, the site is immersed in a bustling hub of mixed-use developments, Class-A offices, and premier retail and dining destinations like Republique and Leopardo. Positioned within a Transit Oriented Communities (TOC) Tier 4 zone, and designated Tier 3 under the City's Housing Element Incentive Program (CHIP Ordinance/TOIA), the lot offers flexible zoning and development incentives, including no parking requirements and no height restrictions, making it ideal for multifamily, retail, or mixed-use projects. Nearby attractions such as LACMA, La Brea Tar Pits, and The Grove draw a steady stream of locals and tourists, while the area's dense population of over 40,000 within a one-mile radius and an average household income exceeding $120,000 underscores its strong investment potential. This is a generational opportunity to acquire a premier vacant lot in a rapidly evolving Los Angeles corridor. 601 S. La Brea Avenue is strategically located at the corner of 6th Street and La Brea Avenue, adjacent to major developments, including a proposed 250-unit hotel/residential project and the highly anticipated Metro D Line expansion connecting Downtown LA to Westwood by 2026. The property's prime location, high visibility, and proximity to cultural and entertainment hubs make it an ideal canvas for developers and investors seeking to capitalize on the area's growth trajectory. Potential for an 8-story mixed-use development featuring up to 90 dwelling units and 3,800 square feet of commercial space and/or restaurant space are available, subject to buyer verification and approval by relevant agencies. With advantageous zoning and no restrictive municipal regulations, this corner lot presents unmatched potential for immediate development or long-term investment in one of Southern California's most sought-after neighborhoods. All information is provided for informational purposes only and is not guaranteed. Buyer to conduct their own due diligence and independently verify all details, including zoning, CHIP eligibility, development incentives, and project feasibility. The lot is currently vacant, eliminating any need for tenant relocation or demolition of existing structures.
#25577603

Los Angeles

601 S La Brea Avenue

None Beds

None Baths

0.2269 acres

$4,950,000

MLS#: 25577603

Rare opportunity to acquire three contiguous vacant parcels on the corner of Taft Ave and Franklin Ave in Hollywood, LA 90028. The total size of all three lots is approximately 23,760 SF and the zoning for all three properties is RD.15-1XL. The dimensions of the lots are 135 SF of frontage on Franklin Ave by 176 SF on Taft Ave. All three of the lots qualify for Tier 3 of the Transit Oriented Communities Plan (TOC). The zoning and site supports a variety different development options with significant density and height bonuses under a variety of state and local programs. A previous ED1 project was approved, demonstrating feasibility for expedited housing development.Multiple development strategies are possible, with some of those being: **D1 streamlined affordable housing, ***CHIP OC Density Bonus project, **Small Lot Subdivision, **By-right multifamily project with TOC Tier 3 incentives. This vacant development site is in a strong rental and resale market strategic play for developers targeting a high-growth, supply-constrained submarket. The prime location is walking distance to Metro, Franklin Village, Griffith Park, and Hollywood nightlife.
#25575721

Los Angeles

1845 Taft Avenue

None Beds

None Baths

0.5466 acres

$5,295,000

MLS#: 25575721

Prime Development Opportunity in Coveted Pico-Robertson. An exceptional opportunity to acquire a fully entitled development project featuring 29 apartment units and 6 individual ADUs in one of Los Angeles' most sought-after rental markets Pico-Robertson. Situated on a 9,800 sq ft lot, the property currently includes an older, vacant 8-unit apartment building and will be delivered RTI (Ready-to-Issue) at closing, complete with demolition permits. Approved architectural plans call for a modern 5-story building with a one level subterranean parking garage and an 800 sq ft rooftop deck. The total proposed building size is approximately 27,330 sq ft. Located in a vibrant, walkable, and diverse residential neighborhood, this site offers excellent proximity to Beverly Hills, Century City, Rancho Park, and Culver City. The surrounding area features a mix of single-family homes and low-rise apartment buildings, making it an ideal location for multifamily development. A premier investment opportunity, ready for immediate construction.
#25575221

Los Angeles

8521 Horner Street

None Beds

None Baths

0.225 acres

$4,500,000

MLS#: 25575221

We are proud to present 11378 Ovada Place, a rare opportunity for developers to acquire a premier site in the heart of Bel-Air, offering multiple development pathways to maximize value. Situated on a tranquil, tree-lined cul-de-sac, this property provides a unique blend of exclusivity and convenience. Development Options: Small Lot Subdivision The proposed plan features an 8-unit small lot subdivision with a mix of five (2-bedroom) and three (3-bedroom) townhomes spanning four levels. Each residence includes:* Private garages with direct unit access* Expansive open-concept living areas with a guest powder room* Well-appointed third-floor sleeping quarters* Private rooftop decks with stunning views. The permit process is in progress, awaiting a housing letter before proceeding to hearings and final approvals, expected in the coming months. ED1 Low-Income Housing Development The site can alternatively support an approximate 90-unit ED1 project with a ministerial, streamlined approval process requiring no parking, offering a fast-track path to development.CHIP OC-3 Density Bonus Project Another option includes a mixed-income development under CHIP OC-3 guidelines, allowing for approximately 70% market-rate units while leveraging density incentives. Existing Income-Generating Property:The site currently features a 4-unit building, consisting of:Three (2-bedroom) units Two leased at $2,343 and $2,731 respectively, with one vacant.One (1-bedroom) unit Currently vacant. Please do not disturb or alert the tenants of the potential sale.This is a rare chance to develop in one of Los Angeles' most sought-after neighborhoods.
#25519291

Los Angeles

11378 Ovada Place

None Beds

None Baths

0.3003 acres

$5,295,000

MLS#: 25519291

The most spectacular view site available in Los Angeles. This magnificent property incorporates over 2 acres of land, featuring a graceful approach leading up to a superb flat area with unrivaled, endless views stretching to the Griffith Park Observatory, Hollywood sign and downtown. Located on a private and quiet cul-de-sac mere minutes from everything at the heart of the city, in a secluded setting that feels a world away, and above it all. Renderings shown include plans by architect Noah Walker. All plans, including landscape plans by Patricia Benner, design development package by Vanessa Alexander, and extensive engineering and feasibility studies, can be included in sale. Designs include a 7,000+ square foot house with pickle ball court and ample room for guest house. Property has private access to Runyon Canyon. A truly rare opportunity for the discerning buyer ready to make their own mark in the Hollywood Hills.
#25515847

Los Angeles

2666 Larmar Road

None Beds

None Baths

2.1914 acres

$6,495,000

MLS#: 25515847

An incredible and rare opportunity to create your dream home in the heart of the Hollywood Hills. This rare, nearly 1-acre promontory lot in prestigious Outpost Estates is shovel-ready with RTI (Ready to Issue) permits for a stunning 9,300 sq. ft. gated contemporary estate. This property has a large, flat lot with incredible views from Downtown Los Angeles to the ocean, offering endless possibilities. Designed with privacy and luxury in mind, this estate showcases organic finishes and features a secure gated entrance, a long private driveway, and a spacious 3-car garage. A stylish ADU offers comfortable accommodations for guests or staff, while the expansive backyard highlights a stunning pool with breathtaking city light views. Whether you're an end-user looking to build your forever home or a developer seeking a high-end project, this property delivers unparalleled potential in one of Los Angeles' most sought-after locations.Conceptual schematics and renderings are available to help bring this vision to life.
#25503581

Los Angeles

7200 La Presa Drive

None Beds

None Baths

0.97 acres

$4,495,000

MLS#: 25503581

We are pleased to present a development opportunity at 1216 Menlo Ave in the Pico-Union neighborhood of Los Angeles, strategically situated between W Pico Blvd and W Olympic Blvd. The lot totals 39,995 SF and is zoned R4-1VL in a Tier 4 TOC. The existing improvements compromise of three separate structures, totaling 22,386 SF, which will be delivered vacant at the close of escrow. The offering features Ready-To-Issue plans for a 100% affordable TOC project, featuring 127 units centered around the existing main school building, preserving it as a base for supportive housing services or community space. The unit mix includes 23 singles, 40one-bedrooms, 32 two-bedrooms, 32 three-bedrooms along with approximately 5,500 SF of space in a new standalone building for service amenities. Alternatively, the potential for unlimited density is achievable via AB 2345, alongside an expedited entitlement process through Executive Directive 1, should a 100% affordable housing project be pursued. A preliminary feasibility study for 277 units under an ED1 entitlement strategy is available (Contact Agents for Details).The offering represents a rare opportunity to acquire an institutional quality infill development project in close proximity to major employment hubs in DTLA, in close proximity to the Wilshire / Vermont Metro station and supporting bus lines, providing easy access to Koreatown, Westlake, Mid-City, Hollywood, and Downtown Los Angeles. The location is further buoyed by a high walk score of 91,making it an attractive prospect for developers looking to develop an institutional quality asset in a dynamic and rapidly evolving area, located in a qualified opportunity zone.
#25503597

Los Angeles

1216 Menlo Avenue

None Beds

None Baths

0.9182 acres

$6,500,000

MLS#: 25503597

*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.
#SR25010832

Los Angeles

6132 Romaine Street

None Beds

None Baths

0.4486 acres

$5,500,000

MLS#: SR25010832

Set upon one of the premiere streets in coveted Little Holmby, 453 Dalehurst sets the bar for beautiful design and family focused elegance in one of the best neighborhoods in LA. The vacant property is permit ready through all city departments with stunning architectural plans and interior details for an approximately 10,000 square foot estate with seven bedrooms including a magnificent primary suite, proper office space, first class gym, lounge, outdoor entertaining and ample parking. The team of Crest Real Estate and IR Architects are leading consultants in the area and are available to assist in any desired design changes if needed prior to you embarking on building your dream home in such a wonderful location. Just minutes from Beverly Hills and Century City, along with wide fresh paved streets, gracious sidewalks, all utility lines buried underground and private armed security patrols coordinated by the tight knit family friendly neighborhood with private patrol cars, Little Holmby sets itself apart from all other communities in what it has to offer in peaceful and convenient LA living. We truly hope to provide a first class experience from beginning to end on constructing your perfect home and providing value to this project where the end value will greatly exceed the investment made into the property.
#25479725

Los Angeles

453 Dalehurst Avenue

None Beds

None Baths

0.2936 acres

$5,195,000

MLS#: 25479725

854 S Normandie Avenue is an attractive development opportunity for a developer looking to build a new multi-family project in a well established apartment market with good demographics that are becoming stronger. The property allows for up to 90 affordable housing units by using AB 2334 state law which provide multiple bonus incentives for a 100% affordable housing project. Preliminary plans have been prepared for 90 affordable housing units using modular construction, which can reduce construction timelines by approximately 50%. It's in an excellent Koreatown location just south of Wilshire Boulevard, nearby to abundant amenities. and is within blocks of Metro Rail Stations for the B line at Wilshire/Vermont, and D line at Wilshire/Western and Wilshire/Normandie
#24447547

Los Angeles

854 S Normandie Avenue

None Beds

None Baths

0.3039 acres

$4,650,000

MLS#: 24447547

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here