Multi-Family
1431 N Vista St
1431 N Vista St, Los Angeles, CA 90046
Listing Price: $1,700,000
Investment Overview
Marcus & Millichap is pleased to present 1431 N Vista Street, a prime infill development opportunity in the heart of West Hollywood. This 6,528 SF parcel sits within a highly desirable transit-oriented, high-opportunity location that supports increased density through multiple incentive programs. With favorable zoning, ministerial approval pathways, and no parking requirements under AB 2097, the property offers investors a streamlined development scenario with strong upside potential.
The property is currently improved with two residential structures (one built in 1920, one in 1961) and is zoned R3-1 within a Medium Residential land use designation. By-right zoning supports 8 units, while density bonus programs significantly increase potential yield:
• By-Right: 8 units (3:1 FAR, 45 ft height)
• TOC Tier 1 / SDBL: 12 units (+40% FAR, +1 story height)
• MIIP – TOIA-1 (High Opportunity): 18 units (+120% density, 4.2:1 FAR, ~56 ft height)
• ED1/AHIP (100% affordable): Envelope-limited density, unlimited by statute
The recommended pathway is MIIP – TOIA-1, which balances maximum unit yield (18 units) with a ministerial entitlement track (no CEQA), provided ~14% of units (3 units) are reserved Very Low Income, plus required replacement units. Parking is fully waived under AB 2097, materially improving feasibility.
Situated just north of Sunset Boulevard in Hollywood, the site benefits from proximity to major employment hubs, entertainment destinations, and a high-quality transit corridor within ½ mile of a Metro stop. The property lies in a TCAC Highest Opportunity Area, signaling long-term demand and stability, while being surrounded by restaurants, retail, and cultural amenities. Hollywood continues to attract investment and renters alike, making 1431 N Vista an ideal infill multifamily development site.
1431 N Vista St
Investment Highlights
- Prime West Hollywood Location – Infill site north of Sunset Blvd surrounded by major employers, restaurants, and entertainment.
- Transit-Oriented & High-Opportunity Area – Located within ½ mile of a Metro stop and designated a TCAC Highest Opportunity Area.
- Favorable R3-1 Zoning – By-right development supports 8 units with a 3:1 FAR and 45-foot height limit.
- Multiple Density Bonus Pathways – Eligible for TOC Tier 1, MIIP – TOIA-1, and ED1/AHIP programs, each offering distinct yield advantages.
- Up to 18 Units Under MIIP – TOIA-1 – Achieves a 120% density increase and 4.2:1 FAR with ~56-foot height potential.
- No Parking Requirement (AB 2097) – Fully waived parking dramatically improves feasibility and project efficiency.
Exclusively Listed By
Financing By
Listing Price: $1,700,000
Investment Highlights
- Prime West Hollywood Location – Infill site north of Sunset Blvd surrounded by major employers, restaurants, and entertainment.
- Transit-Oriented & High-Opportunity Area – Located within ½ mile of a Metro stop and designated a TCAC Highest Opportunity Area.
- Favorable R3-1 Zoning – By-right development supports 8 units with a 3:1 FAR and 45-foot height limit.
- Multiple Density Bonus Pathways – Eligible for TOC Tier 1, MIIP – TOIA-1, and ED1/AHIP programs, each offering distinct yield advantages.
- Up to 18 Units Under MIIP – TOIA-1 – Achieves a 120% density increase and 4.2:1 FAR with ~56-foot height potential.
- No Parking Requirement (AB 2097) – Fully waived parking dramatically improves feasibility and project efficiency.
Investment Overview
Marcus & Millichap is pleased to present 1431 N Vista Street, a prime infill development opportunity in the heart of West Hollywood. This 6,528 SF parcel sits within a highly desirable transit-oriented, high-opportunity location that supports increased density through multiple incentive programs. With favorable zoning, ministerial approval pathways, and no parking requirements under AB 2097, the property offers investors a streamlined development scenario with strong upside potential. The property is currently improved with two residential structures (one built in 1920, one in 1961) and is zoned R3-1 within a Medium Residential land use designation. By-right zoning supports 8 units, while density bonus programs significantly increase potential yield: • By-Right: 8 units (3:1 FAR, 45 ft height) • TOC Tier 1 / SDBL: 12 units (+40% FAR, +1 story height) • MIIP – TOIA-1 (High Opportunity): 18 units (+120% density, 4.2:1 FAR, ~56 ft height) • ED1/AHIP (100% affordable): Envelope-limited density, unlimited by statute The recommended pathway is MIIP – TOIA-1, which balances maximum unit yield (18 units) with a ministerial entitlement track (no CEQA), provided ~14% of units (3 units) are reserved Very Low Income, plus required replacement units. Parking is fully waived under AB 2097, materially improving feasibility. Situated just north of Sunset Boulevard in Hollywood, the site benefits from proximity to major employment hubs, entertainment destinations, and a high-quality transit corridor within ½ mile of a Metro stop. The property lies in a TCAC Highest Opportunity Area, signaling long-term demand and stability, while being surrounded by restaurants, retail, and cultural amenities. Hollywood continues to attract investment and renters alike, making 1431 N Vista an ideal infill multifamily development site.
Exclusively Listed By
Financing By
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