5950 Cedros Ave Los Angeles, CA 91411
Estimated payment $31,720/month
Highlights
- Panoramic View
- 0.71 Acre Lot
- Corner Lot
- Kester Avenue Elementary School Rated A
- Property is near a park
- No HOA
About This Lot
We are pleased to present the opportunity to acquire fee simple interest in 5950 N. Cedros Ave. (et. al. addressees) AKA the “Valley Metro” development site; a 30,735 SF transit-oriented development opportunity. The site is just steps from the intersection of the new East Valley Metro line stop AND the Orange Line at Van Nuys Blvd. and Oxnard St. In addition to its transit-oriented location, the values appurtenant to the base zoning couldn’t be any more enticing for the permitting and funding of affordable housing. The site’s yield will be dictated by the taste of the developer and their capital constraints and not by zoning policy as virtually all entitlement pathways under CHIP ( DB, MIIP, or AHIP) will allow unlimited density, more FAR than is needed, and likely more height than needed all without a planning case! It may be a logical use of the site worthy of consideration to develop five stories across the 21,568 rectangular portion and use the current parking lot for parking, trash enclosure, and amenities. By our calculations this could produce, conservatively, about 59,655 SF of leasable area within five stories Type IIIA. Assuming an average unit size of 500 SF, this would produce a yield of about 120 units.
Listing Agent
Evanisko Realty & Investment Brokerage Phone: 213-200-6957 License #01790747 Listed on: 07/31/2025
Property Details
Property Type
- Land
Lot Details
- 0.71 Acre Lot
- Corner Lot
- Rectangular Lot
- Level Lot
- Irregular Lot
- Density is 36-40 Units/Acre
- 2244006039
- Property is zoned LAC1.5
Property Views
- Panoramic
- City Lights
- Mountain
- Valley
- Neighborhood
Location
- Property is near a park
- Urban Location
Listing and Financial Details
- Tax Lot 67
- Tax Tract Number 11251
- Assessor Parcel Number 2244006039
- $1,180 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- Valley
Recreation
- Exterior Lighting
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,042 | $721,033 | $525,725 | $195,308 |
| 2024 | $10,042 | $706,896 | $515,417 | $191,479 |
| 2023 | $9,493 | $693,036 | $505,311 | $187,725 |
| 2022 | -- | -- | -- | -- |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/14/2025 11/14/25 | Pending | -- | -- | -- |
| 07/31/2025 07/31/25 | For Sale | $5,877,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25172430
APN: 2244-006-039
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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