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$ 3,600,000
Est. payment /mo
Active
1656 Sawtelle Boulevard Los Angeles, CA 90025
7,007 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL24420273
HOA Y/N No
Lot Size 7,007 Sqft
Acres 0.16
Property Sub-Type Unimproved Land
Property Description
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 groce
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Fireplace No
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 4261008013
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Listed by Filip Niculete • Marcus & Millichap