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Résumé de l'annonce

The property consists of a 12,873 square foot vacant development site located at 10713–10725 W. Palms Boulevard in the Palms neighborhood of West Los Angeles. Zoned R3-1 within the Palms–Mar Vista–Del Rey Community Plan and located in the Exposition Corridor Transit Neighborhood Plan, the site is situated in a well-established multifamily submarket with strong demand drivers and convenient access to nearby employment centers, retail corridors, and transit infrastructure. The property is currently cleared following the demolition of prior residential improvements, providing a clean and efficient starting point for new development.
Although a prior approval exists for a 28-unit TOC project, the regulatory landscape has evolved significantly, allowing for substantially greater development potential today. The site is eligible for multiple incentive programs, including State Density Bonus Law (SDBL), Transit Oriented Communities (TOC Tier 3), and the City’s Mixed Income Incentive Program (MIIP), introduced under the Citywide Housing Incentive Program (CHIP). These programs offer developers the ability to increase allowable unit count, expand floor area, achieve additional building height, and utilize more flexible development standards, creating a range of scalable design and financial outcomes depending on the selected entitlement strategy.
Based on the current regulatory framework, the Site supports a range of high-density multifamily development scenarios. Under State Density Bonus Law (AB 1287) with HESMD streamlining, a project could achieve approximately 42 total units (including ADUs). Transit Oriented Communities (Tier 3) would allow for a smaller-scale development of approximately 36 total units. More significantly, MIIP scenarios offer materially greater density, including approximately 62 units under TOIA-2 (50 base units plus 12 ADUs), 67 units under OCIA-1 (54 base units plus 13 ADUs), 72 units under TOIA-2 (58 base units plus 14 ADUs), and up to approximately 78 units under OCIA-1 (63 base units plus 15 ADUs). These programs also allow increased floor area (up to approximately 49,000 square feet with incentives), height up to approximately 67–78 feet depending on the selected program, and flexible development standards, all without minimum parking requirements.
Overall, the property presents a compelling opportunity to develop a high-density multifamily project in a core West Los Angeles location, with multiple viable paths to maximize unit count, optimize design, and capitalize on favorable planning policies that support increased residential development.

Faits sur la propriété

Prix 6 158 150 $ CAD
Type de vente Investissement
Nombre de lots 1
Type de propriété Terrain
Sous-type de propriété Résidentiel
Utilisation proposée Multi-résidentiel
Taille totale du lot 0,30 AC
Zonage LAR3

1 Lot disponible

Lot

Prix 6 158 150 $ CAD
Prix par AC 20 839 763,19 $ CAD
Taille du lot 0,30 AC

The site includes three total lots with the following addresses: 10713 Palms Blvd, 10721 Palms Blvd., and 10723-25 Palms Blvd.

Moyennement praticable à pied
70/100
Exceptionnellement facile d’accès en voiture
100/100
Bons transports en commun
70/100
Plutôt praticable en vélo
50/100

Impôts fonciers

Impôts fonciers

Numéros de lot
Plusieurs
  • 4254-026-008
  • 4254-026-009
  • 4254-026-007
Évaluation du terrain
3 516 500 $ CAD
Évaluation des bâtiments
366 515 $ CAD
Évaluation totale
3 883 014 $ CAD
  • ID d’inscription: 40133048

  • Date de mise sur le marché: 2026-04-13

  • Dernière mise à jour:

  • Adresse: 10713 Palms Blvd, Los Angeles, CA 90034

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