1656 Sawtelle Blvd - Residential LAND FOR SALE


Los Angeles, CA 90025- West Los Angeles6,970 SF
$3,600,000 USD
818-212-2748
1656 Sawtelle Blvd, Los Angeles, CA for Sale
$3,600,000 USD
Residential LAND - FOR SALE
1/13
6,970 SF

1656 Sawtelle Blvd
Los Angeles, CA 90025
West Los Angeles


HIGHLIGHTS

  • RTI Site to Build 33 Units
  • Demo Already Completed
  • Great Mix of 1 & 2 Bed Units
  • Build 24,804 SqFt Envelope
  • Prime Location | 95 Walk Score

OVERVIEW

The LAAA Team of Marcus & Millichap in partnership with AJ Jamasbi is excited to present a primely located development opportunity located at 1656 Sawtelle Blvd, Los Angeles, CA 90025. The project is ready for immediate construction with the plans being fully approved and RTI (ready to issue). Also, the old structure on the lot has already been demolished allowing for an even quicker construction start date. The RTI plans call for the development of 33 apartment units that will span an 24,804 square feet of gross building area. The proposed design includes 21 one-bedroom/one-bath and 12 two-bedroom/one-bath apartments, four of which are designated for very low-income tenants. This opportunity provides a unique advantage to bypass SB330 regulations and develop 33 units in a prime location at the heart of one of Los Angeles' most booming sub-markets. West Los Angeles is a continually growing area with some of the lowest vacancy rates in the county.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/ACRE

$22,498,709/AC

PRICE/SF

$516 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

RTI Site for 33 Units | Prime West LA

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

0.16 AC

LAND SF

6,970 SF

OFFSITE IMPROVEMENTS

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

ZONING

C2-1VL

APN/PARCEL ID

4261-008-013

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.