947 N Genesee Avenue, West Hollywood, CA 90046

  • $1,950,000
947 N Genesee Avenue
Land Active
947 N Genesee Avenue, West Hollywood, CA 90046
947 N Genesee Avenue
  • $1,950,000

Overview

Property ID: HZ25610759
  • 0
  • Bathroom

Description

We are pleased to present 944 N Ogden Dr and 947 N Genesee Ave, two vacant R3-B zoned parcels totaling approximately 13,000 square feet in a highly sought-after West Hollywood location. Situated just off Melrose Avenue and North Fairfax, these contiguous lots offer an outstanding opportunity for a boutique luxury condominium or multifamily redevelopment in one of Los Angeles’ strongest infill markets. Each parcel is approximately 6,500 square feet and zoned R3 (Multi-Family Medium Density). The properties may be purchased individually or together, providing flexibility for developers pursuing smaller infill projects or a larger, combined assembly. The two parcels were previously approved together for a 10-unit luxury townhome condominium project, confirming entitlement feasibility and establishing a clear precedent for future development. Combined, the sites offer by-right potential for 16 units, and up to 34 units under AB 1287, which provides an additional 50% density bonus for projects that include both low- and moderate-income housing. Located within a half-mile of major public transit, the sites also qualify under AB 2097, which eliminates parking minimums for new developments in transit-rich areas significantly reducing construction costs and design constraints. Additionally, the parcels may qualify for streamlined, ministerial approval under SB 684, California’s 2024 legislation that expedites small, for-sale infill projects with 10 or fewer units. The seller is open to providing attractive financing to qualified developers, including potential below-market, interest-only bridge terms, offering a rare opportunity to maximize leverage and returns during the entitlement and pre-construction phases.

  • Address Genesee
  • City West Hollywood
  • State/county Los Angeles
  • Zip/Postal Code 90046

Details

Updated on November 1, 2025 at 10:09 am
  • Property ID: HZ25610759
  • Price: $1,950,000
  • Bathroom: 0
  • Property Status: Land
  • DRE #: 01887505
  • Contact Mail: skeshishian@marcusmillichap.com
  • Brokered by: Marcus & Millichap

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