1341 N Stanley Ave Los Angeles, CA 90046
Development Opportunity in Spaulding Square
LIST PRICE: $1,750,000 PRICE PER SQUARE FOOT/LAND: $279
1341 North Stanley Avenue presents a rare and compelling opportunity to acquire a fully vacant development site in the highly desirable Spaulding Square neighborhood, just steps from Sunset Boulevard and surrounded by some of the most vibrant dining, retail, and entertainment amenities in Los Angeles. This prime infill location continues to experience strong demand from both renters and for-sale housing buyers, making it an ideal setting for a thoughtfully executed residential development.
The property is being offered at $1,750,000, equating to $279 per square foot on land, representing an attractive basis relative to recent land trades in the immediate area. Delivered fully vacant, the site eliminates any tenant-related complications, relocation costs, or delays, allowing a developer to immediately move forward with planning and entitlement.
Per the seller, the property is not subject to SB8, providing a significant advantage by allowing for greater flexibility in redevelopment and a more streamlined entitlement process. The LARD1.5 zoning offers multiple viable exit strategies, including the development of townhomes, condominiums, or a Tenancy-in-Common (TIC) project, catering to the strong demand for for-sale product in this supply-constrained submarket.
With its premier location, favorable zoning, and vacant delivery, 1341 North Stanley Avenue represents a unique opportunity for developers to create a high-quality residential project in one of Los Angeles’ most sought-after neighborhoods.
Investment Highlights
Premier Spaulding Square Location - Positioned steps from Sunset Boulevard in one of Los Angeles’ most desirable infill submarkets
Irreplaceable Vacant Development Site - Rare opportunity to acquire a fully vacant lot in a supply-constrained, high-barrier-to-entry neighborhood
Delivered 100% Vacant - Eliminates tenant relocation, eviction risk, and rent control constraints, allowing for immediate execution
Not Subject to SB8 (Per Seller) - Streamlined development pathway with no replacement housing obligations
Favorable LARD1.5 Zoning - Allows for 4 units by right with additional density achievable through State bonus programs
Multiple High-Return Exit Strategies - Ideal for luxury rental, condo sell-off, or small-lot subdivision development
Attractive Basis at $279/SF Land - Compelling entry point relative to recent land sales in the Sunset Strip / West Hollywood submarket
High-Demand Rental & End-User Marke - Centrally located near West Hollywood and Hollywood, driving consistent tenant and buyer demand
Exclusively Listed By:
David Saghian
(310) 401-1559
dsaghian@lyonstahl.com