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11857-11861 Santa Monica Blvd
Los Angeles, CA 90025
Land For Sale
·
0.34 AC
Executive Summary
KW Commercial proudly presents a premier multifamily and retail development opportunity located at 11857–11861 Santa Monica Blvd, Los Angeles, CA 90025. This core West Los Angeles asset is in an advanced development phase, with Ready-to-Issue (RTI) permits tracking close to final completion for a high-density, 52-unit mixed-use development.In addition, the property is potentially ED1-eligible, presenting a significant value-add opportunity for developers. Under the City Executive Directive 1 (ED1) program, the site may qualify for increased residential density, allowing for the potential development of additional units beyond the currently approved plans, subject to applicable City approvals and development standards. Whether proceeding with the near-RTI 52-unit plan for immediate construction or utilizing ED1, AB 1287, or AB 2011 to re-entitle for maximum density, 11857–11861 Santa Monica Blvd stands as one of West LA’s most flexible and high-yield development opportunities.
Property Facts
1 Lot Available
Lot 32,33
| Price | $12,674,250 CAD | Lot Size | 0.34 AC |
| Price Per AC | $37,564,796.87 CAD |
| Price | $12,674,250 CAD |
| Price Per AC | $37,564,796.87 CAD |
| Lot Size | 0.34 AC |
The subject property is comprised of 2 parcels containing a total land area of ±14,697-square feet and the proposed improvements consisting of a 5-story 52-unit apartment building above 2 subterranean parking levels.
Property Taxes
| Parcel Numbers | Improvements Assessment | $78,544 CAD | |
| Land Assessment | $8,051,007 CAD | Total Assessment | $8,129,551 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$8,051,007 CAD
Improvements Assessment
$78,544 CAD
Total Assessment
$8,129,551 CAD
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