828 N Detroit Street Los Angeles, CA 90046
Development Opportunity in Melrose Fairfax District
SOLD: $1,560,000 PRICE PER SQUARE FOOT/LAND: $234
We are pleased to announce the sale of 828–830 N Detroit St, a prime development opportunity in the heart of the highly sought after Melrose Fairfax District, one of the most desirable and supply constrained rental markets in Los Angeles. This rare offering consists of a 6,665 square foot lot zoned LA-R3-1XL with alley access, providing strong flexibility for future development.
The property sold for $1,560,000, equating to $234 per square foot and approximately $111,428 per buildable unit, highlighting the strength of demand for well located infill development sites in this submarket. The site is eligible for Tier 1 of the Transit Oriented Communities (TOC) program, allowing for an 11 foot height bonus, 50% bonus density, and a 3.25:1 FAR, significantly enhancing development potential.
Positioned within a Walker’s Paradise environment, the property benefits from immediate proximity to an array of fine dining, nightlife, retail, and entertainment options throughout Melrose, Fairfax, and La Brea. The location continues to attract developers seeking covered land and long term value creation in a premier urban corridor.
The seller was represented by David Saghian in the transaction.
Investment Highlights
Prime Melrose Fairfax District location in one of the most desirable rental and development pockets in Los Angeles
Rare large lot totaling 6,665 SF zoned LA-R3-1XL with alley access
Eligible for Tier 1 TOC including 11 ft height bonus 50% bonus density and 3.25:1 FAR
Walker’s Paradise with immediate access to fine dining nightlife retail and entertainment options
Sold for $1,560,000 reflecting $234 per SF and only $111,428 per buildable unit
Seller represented by David Saghian
Exclusively Listed & Sold By:
David Saghian
(310) 401-1559
dsaghian@lyonstahl.com