1255 S La Cienega Blvd - Residential LAND FOR SALE


Los Angeles, CA 90035 7,018 SF
$3,995,000 USD
818-212-2748
1255 S La Cienega Blvd, Los Angeles, CA for Sale
$3,995,000 USD
Residential LAND - FOR SALE
1/15
7,018 SF

1255 S La Cienega Blvd
Los Angeles, CA 90035


HIGHLIGHTS

  • 7,019± SF of Vacant Lot Zoned C2-1-O
  • RTI Project | Mixed Use Development
  • 30 Apartment Units + Medical Office | Courtyard rooftop
  • Sleek, Attractive Design with Contemporary Aesthetics
  • Great Mix of 1, 2, & 3-Bedroom Units
  • Potential for Additional Income with Wallscape Design

OVERVIEW

The LAAA Team and The SK Group of Marcus & Millichap are excited to present a unique opportunity to acquire a prime 7,019-square-foot parcel of vacant land located at 1255 S La Cienega Blvd, just north of Pico Blvd. This project is ready for immediate construction, as the plans have been fully approved and are RTI (Ready to Issue). The previous structure on the lot has already been demolished, allowing for a swift construction start date. This development will feature medical office space on the ground floor and 30 residential apartment units above, with three units designated for Extremely Low Income (E.L.I.) tenants. Additionally, the project includes a subterranean parking garage, providing ample parking for both residents and commercial tenants. The owner initially intended to occupy the property, which led to a strong focus on keeping construction and maintenance costs low without sacrificing quality. All the apartment units feature 9-foot ceilings, rather than the standard 8-foot ceilings, creating a brighter, more open, and spacious feel. Additionally, the tallest building on La Cienega Blvd is only two stories high, while all apartments in this RTI project start on the third floor and above. This design ensures that almost all units will have unobstructed views, including direct views of the iconic Hollywood Sign, making the property highly desirable. Located in the highly sought-after Pico-Robertson neighborhood, this property provides direct access to the vibrant La Cienega corridor and is just minutes from Beverly Hills. This prime location is ideal for both residential and commercial development. Additionally, the upcoming Metro station at Wilshire and La Cienega will offer convenient public transportation options for tenants and visitors to the medical office.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/ACRE

$24,793,019/AC

PRICE/SF

$569 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Pico-Robertson | RTI Development | Mixed Use

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Mixed Use, Apartment Units, Medical

LAND ACRES

0.16 AC

LAND SF

7,019 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

C2

APN/PARCEL ID

4332-028-012

ASK ABOUT THIS PROPERTY

Filip NiculeteMarcus & MillichapMore Info
818-212-2748

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Filip NiculeteMarcus & MillichapMore Info
818-212-2748

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