Thank you
Filip Niculete
Marcus & Millichap
818-212-2700
We are 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.1656 Sawtelle is located in the the Sawtelle neighborhood of West Los Angeles which is a vibrant and eclectic area that serves as a cultural crossroads, most notably highlighted by its "Little Osaka" district that showcases a rich blend of Japanese and American culture. This diverse and bustling community is a food lover's paradise, renowned for its array of sushi bars, ramen houses, and specialty grocery stores, as well as a variety of other international cuisines. Not just a gastronomic haven, Sawtelle is also a commercial and residential hub, featuring trendy boutiques, art galleries, and modern apartment complexes. The neighborhood enjoys excellent accessibility, bordered by major arteries like the 405 Freeway and Santa Monica Boulevard, making it convenient for both residents and visitors. Adding to its allure are its green spaces such as Stoner Recreation Center, where families can enjoy outdoor activities in a relaxed setting. With its unique blend of cultural diversity, commercial vitality, and residential comfort, Sawtelle offers a microcosm of what makes West Los Angeles one of the most desirable places to live and visit.
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Total Baths: 0
Full Baths: 0
Half Baths: 0
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1608
Lot Size Source: Assessor
Lot Size Square Feet: 7005
Original List Price: 3,995,000
Listing Contract Date: 2023-09-21
Listing Agreement: Seller Reserved
Parcel Number: 4261008013
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: WLA - West Los Angeles
Postal Code Plus 4: 3149
Directions: Santa Monica & Sawtelle
Zoning: LAC2
Source Property Type: Land
Area: WLA - West Los Angeles
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1930 S Beverly Glen Bou.., Los Angeles, CA,90025 | $1,000,007 | 2 | 3 | 1,527 | 17250 Sqft |
10935 Missouri Avenue #B, Los Angeles, CA,90025 | $2,195,000 | 4 | 3 | 3,413 | 6551 Sqft |
11750 Wilshire Boulevar.., Los Angeles, CA,90025 | $20,000 | 2 | 2 | 1,129 | 1351 Sqft |
1233 Barry Avenue #201, Los Angeles, CA,90025 | $2,650 | 2 | 1 | 900 | 13547 Sqft |
1826 S Bundy Drive, Los Angeles, CA,90025 | $4,600,000 | 16 | -- | 8,400 | 6103 Sqft |
10786 Missouri Avenue, Los Angeles, CA,90025 | $4,300,000 | -- | -- | 7,658 | 7430 Sqft |
1870 Kelton Avenue #101, Los Angeles, CA,90025 | $1,050,000 | 2 | 2 | 1,665 | 12972 Sqft |
1234 S Saltair Avenue, Los Angeles, CA,90025 | $3,655,000 | -- | -- | 6,840 | 6878 Sqft |
1955 1/2 Purdue Avenue, Los Angeles, CA,90025 | $2,675,000 | 3 | 3 | 3,913 | -- |
1809 Overland Avenue #5, Los Angeles, CA,90025 | $1,075,000 | 2 | 2 | 1,569 | 5597 Sqft |
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ByOwner last updated this listing 05/06/2024 @ 06:27
MLS: 23314005
LISTED BY: Filip Niculete, Marcus & Millichap
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.