Active

5000 Beethoven

Los Angeles, CA 90066

$80,000,000 $337,283/Mo

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Overview

146,422

Sqft(Lot)

Description

5000 Beethoven presents a rare opportunity to acquire a large, infill development site in the Palms-Mar Vista-Del Rey sub-market of Los Angeles. The property consists of approximately 146,422 square feet (3.36 acres) of land situated immediately adjacent to the Marina Freeway (SR-90), with direct access via Beethoven St. and a recently improved bridge connection. The site's configuration, freeway adjacency, and separation from low-density residential uses make it particularly well suited for higher intensitydevelopment and specialized uses. The property is currently zoned [T][Q]M2-1 (Light Industrial) and is designated Light-Industrial under the City of Los Angeles General Plan. While residential uses are not permitted by-right, the site benefits from several important planning overlays, i ncluding the Los Angeles Coastal Transportation Corridor Specific Plan and Community Transit Access Corridor (CTAC) eligibility. These designations support intensified land uses and have historically facilitated industrial-to-residential conversions, particularly for affordable and mixed-income housing. No minimum density requirement applies. A significant value driver is the seller's representation that the City has previously reviewed and accepted a concept for two levels of subterranean parking accommodating approximately 250 - 300 parking spaces, subject to verification. Prior City acceptance of subterranean parking materially de-risks one of the most challenging components of high-density development and enhances the feasibility of future residential or phased redevelopment strategies.In addition to residential potential, the property offers an attractive alternative or interim-use strategy for athletic, sports performance, or wellness-oriented facilities,which are generally compatible with industrial zoning and benefit from freeway adjacency and controlled access. Conceptual studies demonstrate the site's ability to support a modern, unbranded basketball or multi-sport performance campus while preserving long-term redevelopment optionality. With its scale, policy support, freeway exposure, and demonstrated parking feasibility, 5000 Beethoven offers investors and developers a flexible platform for high density affordable or mixed-income housing, specialized athletic facilities, or strategic land banking with near-term income potential. The property represents a unique opportunity to control a large, well-located West-Side parcel with multiple viable paths to value creation, subject to final entitlements and buyer due diligence.

Property Details

Property Type : Land

Price : $80,000,000

AD Id : 76366075

MLS Id : 26668755

Lot Size : 146,422 Sqft(Lot)

County : Los Angeles

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Features

Bathroom Information

Total Baths: 0 Full Baths: 0 Half Baths: 0

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 3.3614
Lot Size Source: Other Lot Size Square Feet: 146422

Listing Price Information

Original List Price: 80,000,000 Listing Contract Date: 2026-03-23
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 4211007034

Other Property Info

Source Listing Status: Active Source Neighborhood: C12 - Marina Del Rey Directions: Jefferson to Beethoven, north on Beethoven Zoning: LAM2 Source Property Type: Land Area: C12 - Marina Del Rey

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
Wade Street, Los Angeles, CA, 90066	$849,000	--	--	--	2,252 Sqft(Lot)

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ByOwner last updated this listing 06/11/2026 @ 22:03

MLS: 26668755 LISTED BY: Sam Shakerchi, Compass 310-230-5478 SOURCE: CRMLS