3842 Roble Vista Dr Los Angeles CA MLS #23-290161

REDUCED 550K!! 3842 Roble Vista Dr. is a premier multifamily/condo development site in the hills of Los Feliz. The offering includes three parcels totaling approximately 31,018 square feet of residential hillside land opposite Griffith Park, the Griffith Observatory and the Greek Theater. The site is located among mid-century multifamily buildings and sits just below the former home of The Sisters of the Immaculate Heart of Mary, a sprawling historic compound at the top of Waverly Drive. The cultural and amenity base in Los Feliz and neighboring Silver Lake is hard to overstate. The communities boast incredible arts, entertainment and dining options, and scores of architecturally significant buildings designed by Frank Lloyd-Wright, John Lautner, Richard Neutra and R.M. Schindler. All three lots are zoned LARD1.5-1XL for a base density of 20 buildable units and 3:1 FAR. The site offers incredible views and walkability to Rowena Reservoir park; retail and dining on Los Feliz Boulevard, Rowena and Hillhurst Avenues; and 5 minute headways to Griffith Park–the largest urban municipal park in the nation offering multiple golf courses, horseback riding and hiking trails, museums and cultural attractions, the Greek Theater and the Griffith Observatory. Priced below $90/sf, the site offers an incredible development opportunity in one of Los Angeles’ most prized submarkets. An easement affects a small portion of the southern boundary of the site, please visit the Property Website.