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FAITS SAILLANTS DE L'INVESTISSEMENT
- Vacant corner lot in a premier West Hollywood location with a Walk Score of 93 (“Walker’s Paradise”) — steps to Melrose shops and dining.
- Excavation and shoring initiated; may require reassessment before reuse.
- No parking requirement under AB 2097 due to transit proximity—reducing cost and increasing design flexibility.
- Supports the development of four luxury residential units by right.
- Eligible under SB 684 for streamlined approval of small, for-sale projects.
- Seller financing available — flexible terms for qualified developers.
RÉSUMÉ DE L'ANNONCE
Marcus & Millichap is pleased to present 1000 N Gardner St, a vacant corner lot located in one of West Hollywood’s most desirable neighborhoods. The property sits on a 5,350-square-foot parcel zoned R3B, offering an excellent opportunity for developers and investors to construct a four-unit luxury apartment or condominium project.
The site previously carried approved plans for a four-unit, 6,939-square-foot building with 1,057 square feet of private balconies and a 4,568-square-foot subterranean garage. Although those plans have since expired, they establish a strong development precedent and confirm the site’s design feasibility. Excavation and shoring were previously initiated, though given the time elapsed, portions may require reassessment or reconstruction prior to new development.
The property may also qualify under SB 684, California’s 2024 streamlining law that enables ministerial approval for small, for-sale infill projects with 10 or fewer units—reducing entitlement timelines and adding flexibility for boutique condominium or townhome developers.
Located within ½ mile of major transit routes along Santa Monica Boulevard and Fairfax Avenue, the site also qualifies under AB 2097, which removes minimum parking requirements for new developments in transit-rich areas. This provision allows future ownership to design efficiently and reduce construction costs while maintaining marketable parking ratios if desired.
The seller is committed to supporting a smooth development process and is offering favorable financing options, with terms that may vary based on the buyer’s experience—providing flexibility to seasoned builders and emerging developers alike.
Ideally situated near Melrose Avenue and Santa Monica Boulevard, 1000 N Gardner enjoys a Walk Score of 93 (“Walker’s Paradise”), surrounded by renowned restaurants, designer boutiques, and vibrant entertainment venues. The site’s location, strong housing demand, and entitlement flexibility make it an exceptional West Hollywood infill opportunity.
The site previously carried approved plans for a four-unit, 6,939-square-foot building with 1,057 square feet of private balconies and a 4,568-square-foot subterranean garage. Although those plans have since expired, they establish a strong development precedent and confirm the site’s design feasibility. Excavation and shoring were previously initiated, though given the time elapsed, portions may require reassessment or reconstruction prior to new development.
The property may also qualify under SB 684, California’s 2024 streamlining law that enables ministerial approval for small, for-sale infill projects with 10 or fewer units—reducing entitlement timelines and adding flexibility for boutique condominium or townhome developers.
Located within ½ mile of major transit routes along Santa Monica Boulevard and Fairfax Avenue, the site also qualifies under AB 2097, which removes minimum parking requirements for new developments in transit-rich areas. This provision allows future ownership to design efficiently and reduce construction costs while maintaining marketable parking ratios if desired.
The seller is committed to supporting a smooth development process and is offering favorable financing options, with terms that may vary based on the buyer’s experience—providing flexibility to seasoned builders and emerging developers alike.
Ideally situated near Melrose Avenue and Santa Monica Boulevard, 1000 N Gardner enjoys a Walk Score of 93 (“Walker’s Paradise”), surrounded by renowned restaurants, designer boutiques, and vibrant entertainment venues. The site’s location, strong housing demand, and entitlement flexibility make it an exceptional West Hollywood infill opportunity.
FAITS SUR LA PROPRIÉTÉ
1 LOT DISPONIBLE
Lot
| Prix | 2 275 234 $ CAD | Taille du lot | 0,13 AC |
| Prix par AC | 18 057 416,31 $ CAD |
| Prix | 2 275 234 $ CAD |
| Prix par AC | 18 057 416,31 $ CAD |
| Taille du lot | 0,13 AC |
Walk Score®
Un paradis pour un marcheur (93)
Impôts fonciers
| Numéro de lot | 5531-023-012 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 2 487 868 $ CAD | Évaluation totale | 2 487 868 $ CAD |
Impôts fonciers
Numéro de lot
5531-023-012
Évaluation du terrain
2 487 868 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
2 487 868 $ CAD
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1000 N Gardner St
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