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10713 Palms Blvd - Development Site In Prime Palms Location Lot • Résidentiel • 0,3 Acres • 6 158 150 $ CAD • Los Angeles, CA 90034

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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.
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 | Sous-type de propriété | Résidentiel |
| Type de vente | Investissement | Utilisation proposée | Multi-résidentiel |
| Nombre de lots | 1 | Taille totale du lot | 0,30 AC |
| Type de propriété | Terrain | ||
| Zonage | LAR3 | ||
| 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 | Taille du lot | 0,30 AC |
| Prix par AC | 20 839 763,19 $ CAD |
| 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.
1 1
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
| Numéros de lot | Évaluation des bâtiments | 366 515 $ CAD | |
| Évaluation du terrain | 3 516 500 $ CAD | Évaluation totale | 3 883 014 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
3 516 500 $ CAD
Évaluation des bâtiments
366 515 $ CAD
Évaluation totale
3 883 014 $ CAD
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10713 Palms Blvd - Development Site In Prime Palms Location
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