Small Lot Subdivision Opportunity in Hollywood. The Vales is a small lot subdivision opportunity in LA's thriving Hollywood submarket. Located at 4331 Burns Ave., between Vermont Blvd. and Virgil Ave., the parcel of land is roughly 9,569 square feet and zoned LARD 1.5. While the current improvements on the property are five apartment units, a developer will have the opportunity to replace those units with six three-story single-family residences.Small lot subdivisions are the future for Los Angeles home buyers. Most buyers want to live in the City but are forced to move outside the area because of high home prices. Small lot subdivision offers a solution to this problem. Buyers can purchase a brand new modern home in the city at a cost below that of surrounding homes. Small lots are not condos. They have no shared walls and no homeowners association (HOA). The renderings provide are conceptual, plans have not been submitted to the City of Los Angeles Listed by Peter Strauss, Iconic Investments.