$1,875,000
Calling all developers and owner users! This property is a unique development opportunity to build six (6) for-sale condo units walking distance to the upscale Westfield Century City. Positioned on a 5,638 sqft lot with RD1.5 zoning, this is an incredible opportunity to add density in a highly desired westside neighborhood. Conveniently located adjacent to Westwood and Beverly Hills, the investment in and around the property is unparalleled, anchored with UCLA recently acquiring 700k sqft of the former Westside Pavilion to serve as their state-of-the-art research and innovation hub. The property benefits from a Transit Oriented Communities (TOC) Tier 2 designation that allows for an increase in density and height bonus. The existing house is currently vacant and consists of 2 bedrooms and 2 baths located in a highly regarded school district. Plans have been submitted to the city. Approval for Preliminary Zoning Assessment (PZA) has been received. TOC Tier Verification have been confirmed and the property is SB8 Exempt. Don't miss this opportunity!
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Listed by Omid Shokoufandeh with SHK Realty (310) 494-6045
Property Type
Single Family Residence
Status
Active
MLS Number
26646665
Year Built
1937
Lot Size
5,637 sq ft