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Multi-Family

1115-1121 S Westgate Avenue

1115 S Westgate Ave, Los Angeles, CA 90049

Listing Price: $2,900,000

Lot Size
0.16 acres
Price/Acre
$18,305,173
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to present 1121 Westgate Avenue, a rare and highly desirable development opportunity located in the heart of Brentwood—one of Los Angeles’ most prestigious and sought-after neighborhoods.

Situated between Kiowa Avenue and Goshen Avenue, this offering includes two contiguous parcels totaling approximately 6,900 square feet of land, zoned [Q]R3-1. With limited R3 and R4 development sites remaining in Brentwood, this property represents a unique chance for developers to deliver much-needed multifamily housing in a supply-constrained, highbarrier- to-entry submarket.

The site is currently vacant, with previous structures fully demolished. The Seller has submitted plans for a by-right, four-story, eight-unit apartment project with one level of subterranean parking. The project is Ready to Issue (RTI), providing immediate development potential and a shortened path to construction.

Plans include a mix of spacious one- and two-bedroom units, with no affordable housing requirement. The subterranean garage will offer 15 parking spaces along with dedicated long- and short-term bicycle parking. The proposed design includes ±12,225 SF across four stories, though buyers may explore greater density or alternative unit mixes with the City.

Less than a mile from the VA Greater Los Angeles Healthcare System and boasting a Walk Score of 86, the property offers exceptional access to key Westside hubs including UCLA, Westwood Village, Santa Monica, and Pacific Palisades. Easy access to both the 405 and 10 freeways, combined with proximity to top-tier retail, dining, and lifestyle amenities, further solidify this site as one of the strongest development opportunities available in Brentwood.

Investment Highlights

  • Rare RTI Development in Brentwood–Fully entitled and Ready to Issue permits for an 8-unit, 4-story multifamily project in one of Los Angeles' most supply-constrained, high-barrier-to-entry submarkets.
  • Prime Westside Location – Located in the heart of Brentwood, walkable to top amenities with excellent proximity to UCLA, Santa Monica, Pacific Palisades, and major employment hubs.
  • Efficient, By-Right Design – Submitted plans include a by-right project with no affordable housing requirement, minimizing entitlement risk and streamlining the development process.

Exclusively Listed By

Financing By

Multi-Family

1115-1121 S Westgate Avenue

Listing Price: $2,900,000

Lot Size
0.16 acres
Price/Acre
$18,305,173
Land Type
Land

Investment Highlights

  • Rare RTI Development in Brentwood–Fully entitled and Ready to Issue permits for an 8-unit, 4-story multifamily project in one of Los Angeles' most supply-constrained, high-barrier-to-entry submarkets.
  • Prime Westside Location – Located in the heart of Brentwood, walkable to top amenities with excellent proximity to UCLA, Santa Monica, Pacific Palisades, and major employment hubs.
  • Efficient, By-Right Design – Submitted plans include a by-right project with no affordable housing requirement, minimizing entitlement risk and streamlining the development process.

Investment Overview

Marcus & Millichap is pleased to present 1121 Westgate Avenue, a rare and highly desirable development opportunity located in the heart of Brentwood—one of Los Angeles’ most prestigious and sought-after neighborhoods. Situated between Kiowa Avenue and Goshen Avenue, this offering includes two contiguous parcels totaling approximately 6,900 square feet of land, zoned [Q]R3-1. With limited R3 and R4 development sites remaining in Brentwood, this property represents a unique chance for developers to deliver much-needed multifamily housing in a supply-constrained, highbarrier- to-entry submarket. The site is currently vacant, with previous structures fully demolished. The Seller has submitted plans for a by-right, four-story, eight-unit apartment project with one level of subterranean parking. The project is Ready to Issue (RTI), providing immediate development potential and a shortened path to construction. Plans include a mix of spacious one- and two-bedroom units, with no affordable housing requirement. The subterranean garage will offer 15 parking spaces along with dedicated long- and short-term bicycle parking. The proposed design includes ±12,225 SF across four stories, though buyers may explore greater density or alternative unit mixes with the City. Less than a mile from the VA Greater Los Angeles Healthcare System and boasting a Walk Score of 86, the property offers exceptional access to key Westside hubs including UCLA, Westwood Village, Santa Monica, and Pacific Palisades. Easy access to both the 405 and 10 freeways, combined with proximity to top-tier retail, dining, and lifestyle amenities, further solidify this site as one of the strongest development opportunities available in Brentwood.

Exclusively Listed By

Financing By

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