11378 Ovada Pl - Commercial LAND FOR SALE


Los Angeles, CA 90049- Bel Air569,764,800 SF
$6,800,000 USD
310-202-9166
11378 Ovada Pl, Los Angeles, CA for Sale
$6,800,000 USD
Commercial LAND - FOR SALE
1/14
569,764,800 SF

11378 Ovada Pl
Los Angeles, CA 90049
Bel Air


HIGHLIGHTS

  • Irreplaceable Location Brentwood!
  • Multiple Development Options
  • Permits for 8 small lot subdivision townhouse condo's in process to RTI. Can also be 90 unit ED1 project!

OVERVIEW

Miller & Desatnik Realty presents 11378 Ovada Place, a rare opportunity for developers to acquire a premier site in the heart of Bel-Air, offering multiple development pathways to maximize value. Situated on a tranquil, tree-lined cul-de-sac, this property provides a unique blend of exclusivity and convenience. Development Options: Small Lot Subdivision – The proposed plan features an 8-unit small lot subdivision with a mix of five (2-bedroom) and three (3-bedroom) townhomes spanning four levels. Each residence includes: * Private garages with direct unit access * Expansive open-concept living areas with a guest powder room * Well-appointed third-floor sleeping quarters * Private rooftop decks with stunning views The permit process is in progress, awaiting a housing letter before proceeding to hearings and final approvals, expected in the coming months. ED1 Low-Income Housing Development – The site can alternatively support an approximate 90-unit ED1 project with a ministerial, streamlined approval process requiring no parking, offering a fast-track path to development. CHIP OC-3 Density Bonus Project – Another option includes a mixed-income development under CHIP OC-3 guidelines, allowing for approximately 70% market-rate units while leveraging density incentives. Existing Income-Generating Property: The site currently features a 4-unit building, consisting of: Three (2-bedroom) units – Two leased at $2,343 and $2,731 respectively, with one vacant. One (1-bedroom) unit – Currently vacant. Please do not disturb or alert the tenants of the potential sale. This is a rare chance to develop in one of Los Angeles' most sought-after neighborhoods.

FOR SALE DETAILS

PRICE

$6,800,000 USD

PRICE/ACRE

$520/AC

PRICE/SF

$0.012 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

11378 Ovada Pl Los Angeles, CA 90049

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family

LAND ACRES

13080 AC

LAND SF

569,764,800 SF

OFFSITE IMPROVEMENTS

-

ZONING

LARD1.5

APN/PARCEL ID

4368-016-011

ASK ABOUT THIS PROPERTY

Dave MillerMiller & Desatnik Realty Corp.More Info
310-202-9166

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Dave MillerMiller & Desatnik Realty Corp.More Info
310-202-9166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.