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Faits saillants de l'investissement
- AAA+ Ultra Prime West Los Angeles Location, Sandwhiched between Westwood & Century City
- Eligible for CHIP City Wide Housing Incentive Program (TOIA) T-2 - 100% Bonus Density, 22 FT Height & 50% Increase in FAR
- First time the property has ever been on the market!
- Rare Corner Lot - Senate Bill 8 Exempt (No Replacement Units Required) Rare only 1 of 23 Such Lots in West LA
- Property will be delivered Fully Vacant and Demolished at the COE
- Developer can build 18 Units or 9 Units By Right & NO REPLACEMENT UNITS
Résumé de l'annonce
The offering is a rare, fully vacant development opportunity in Prime West Los Angeles, strategically located between Westwood and Century City — one of the most supply-constrained and high-demand rental corridors on the Westside. First time the property has ever been on the market! The property will be delivered fully vacant and demolished at Close of Escrow, allowing a developer to immediately execute on a high-density project with no tenant relocation risk. Positioned on a rare corner lot, the property is Senate Bill 8 exempt, making it one of only 23 such sites in West Los Angeles where no replacement units are required — a significant advantage that reduces cost, complexity, and timeline. The site is also eligible for the CHIP (Citywide Housing Incentive Program) under TOIA Tier 2, allowing for up to 100% density bonus, 22 feet of additional height, and a 50% increase in FAR. A developer can build up to 18 units utilizing incentives, or 9 units by-right, offering flexibility to pursue either a high-density multifamily project or a boutique luxury development. With its AAA+ location, rare zoning advantages, and clean delivery at close, 1833 Overland Ave represents a premier Westside development opportunity with exceptional long-term upside. ***All development potential, zoning, and incentive programs referenced herein are subject to Buyer verification with the Los Angeles Department of Building and Safety.
Faits sur la propriété
| Prix | 2 876 391 $ CAD | Type de propriété | Terrain |
| Type de vente | Investissement | Sous-type de propriété | Terrain commercial |
| Nombre de lots | 1 | Taille totale du lot | 0,15 AC |
| Zonage | LA-R3 - 1 Unit for every 800 SF of Land | ||
| Prix | 2 876 391 $ CAD |
| Type de vente | Investissement |
| Nombre de lots | 1 |
| Type de propriété | Terrain |
| Sous-type de propriété | Terrain commercial |
| Taille totale du lot | 0,15 AC |
| Zonage | LA-R3 - 1 Unit for every 800 SF of Land |
1 Lot disponible
Lot
| Prix | 2 876 391 $ CAD | Taille du lot | 0,15 AC |
| Prix par AC | 19 175 939,56 $ CAD |
| Prix | 2 876 391 $ CAD |
| Prix par AC | 19 175 939,56 $ CAD |
| Taille du lot | 0,15 AC |
51 (W) x 135 (L) - 6,893 SF Zoned LA-R3 Eligible for T-2 TOIA
Description
6,893 SF of land Zoned LA-R3, Property will be demolished and delivered as fully vacant land by the close of escrow. Lot Dimensions are 51 (W) x 135 (L) eligible for T-2 TOIA (Transit Oriented Incentive Area).
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Très praticable à pied
80/100
Moyennement facile d’accès en voiture
70/100
Bons transports en commun
70/100
Moyennement praticable en vélo
70/100
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1833 Overland ave
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