Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high
1531 Sawtelle Boulevard . West Los Angeles , CA 90025
Multifamily Apartment building development opportunity. Existing Improvements One, 2,500 SF Office/Retail Building
Posted: 09/20/2022 3:04 pm
| On HOMEiZ: 590 days |
Updated: 1 year ago
| Views: 345
Location Map
Property Type
Sold
Property Price
$2950000
$2950000
09/21/2022
7,031.00
Sq. Ft.
0
Contact listing agent%
0%
$0
$0
0.00
1.25%
Property Location & Description
Multifamily Apartment building development opportunity. Existing Improvements One, 2,500 SF Office/Retail Building
Non Rent Control
1531 Sawtelle Blvd is an approximate 7,031 SF Lot located in West Los Angeles. The property provides a great opportunity for a developer to acquire a rare lot in the bustling Sawtelle district. 1531 Sawtelle Blvd is currently occupied by Bundy’s Lock & Key Co. on a month-to-month basis. The asset, Zoned C2, also boasts a Tier 2 TOC bonus that allows a developer to build up to 32 units and 23,660 SF of building.
The property is truly centered in the heart of West Los Angeles. It is located on Sawtelle Blvd, a main North-South thoroughfare that is one block parallel to the 405 freeway. The property also sits one block north of Santa Monica Blvd, one block south of the US Veterans Affairs Hospital, and one block west of the on and off ramps for the 405 freeway. This section of Los Angeles boasts ideal demographics as there are more than 265,359 people living in a 3-mile radius, with an average household income exceeding $156,433 in a 3-mile radius.
32
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
2.
3.
4.
5.
4261-005-008
LAC2
No Data%
32
0
Build 19 Units By-Right (LAC2)
Build 32 Units with Tier 2 TOC
Unentitled and Covered Land
Rare Sawtelle/West LA Location
Great Location | 94 Walk Score
50 Foot Frontage with Alley
Property Information
Sewer
Sewer System (Public)
Parking
Investment Overview
Developer
Energy Efficiency
No
No Data
N/A
Neighborhood lifestyle
New Urban
More information
Not in MLS
Listing Presented by
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