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8521 Horner St 0.22 Acres of Commercial Land Offered at $5,513,884 CAD in Los Angeles, CA 90035
INVESTMENT HIGHLIGHTS
- Positioned just south of Pico Boulevard and west of La Cienega, the site offers seamless access to the 10 Freeway and is minutes from Beverly Hills.
- The lot is zoned [Q]R3-1-O and falls within the Wilshire Community Plan Area. The project includes 19 parking spaces and a rooftop amenity space.
- The surrounding area is a dynamic blend of residential charm and urban convenience, with boutique retail, kosher markets, and cafés steps away.
- This entitled project includes plans for a five-story, 29-unit multifamily building with six additional ADUs, offering 35 total residential units.
EXECUTIVE SUMMARY
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $5,513,884 CAD | Lot Size | 0.22 AC |
| Price Per AC | $24,508,657.11 CAD |
| Price | $5,513,884 CAD |
| Price Per AC | $24,508,657.11 CAD |
| Lot Size | 0.22 AC |
This offering is ideal for developers seeking a shovel-ready asset in a high-demand rental market. The existing 8-unit structure will be delivered vacant with a demolition permit in place.
DESCRIPTION
Prime Development Opportunity in Coveted Pico-Robertson. An exceptional opportunity to acquire a fully entitled development project featuring 29 apartment units and 6 individual ADUs in one of Los Angeles’ most sought-after rental markets Pico-Robertson. Situated on a 9,800 sqft lot, the property currently includes an older, vacant 8-unit apartment building and will be delivered RTI (Ready-to-Issue) at closing, complete with demolition permits. Approved architectural plans call for a modern 5-story building with a one level subterranean parking garage and an 800 sqft rooftop deck. The total proposed building size is approximately 27,330 sqft. Located in a vibrant, walkable, and diverse residential neighborhood, this site offers excellent proximity to Beverly Hills, Century City, Rancho Park, and Culver City. The surrounding area features a mix of single-family homes and low-rise apartment buildings, making it an ideal location for multifamily development. A premier investment opportunity, ready for immediate construction
PROPERTY TAXES
| Parcel Number | 4303-032-022 | Improvements Assessment | $1,089,457 CAD |
| Land Assessment | $2,723,648 CAD | Total Assessment | $3,813,105 CAD |
PROPERTY TAXES
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8521 Horner St
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