Commercial
3123 Livonia Ave
3123 Livonia Ave, Los Angeles, CA 90034
Listing Price: $3,250,000
Investment Overview
Marcus & Millichap is pleased to present 3123 Livonia Avenue, a prime ±12,830 SF parcel located in the Palms neighborhood of Los Angeles, CA.
3123 Livonia presents an exceptional development opportunity. This lot is primed for transformation into a transit-oriented apartment community. Just steps from the Robertson and National intersection, the site sits at the gateway to Culver City and Palms—an area undergoing a dynamic revitalization that is quickly becoming one of Los Angeles’ most coveted residential and entertainment districts.
Current ownership had previously drafted plans which are now expired for 29 units (including three affordable). A new developer may choose to increase the proportion of larger units or alternatively leverage the TOC 0.5 parking-space-per-unit guidelines to utilize on-grade or semi-subterranean parking and further optimize the building design.
This prime, transit-proximate development site is ready for a visionary builder to bring a high-quality project to life.
Listing Price: $3,250,000
Investment Highlights
- A PREMIER +/-0.30 ACRE MULTI-FAMILY DEVELOPMENT OPPORTUNITY
- ENCOMPASSING PARTS OF CULVER CITY IN A HIGHLY DESIRABLE WESTSIDE LOCATION
- THIS PRIME, TRANSIT-PROXIMATE DEVELOPMENT SITE IS READY FOR A VISIONARY BUILDER TO BRING A HIGH-QUALITY PROJECT TO LIFE.
Investment Overview
Marcus & Millichap is pleased to present 3123 Livonia Avenue, a prime ±12,830 SF parcel located in the Palms neighborhood of Los Angeles, CA. 3123 Livonia presents an exceptional development opportunity. This lot is primed for transformation into a transit-oriented apartment community. Just steps from the Robertson and National intersection, the site sits at the gateway to Culver City and Palms—an area undergoing a dynamic revitalization that is quickly becoming one of Los Angeles’ most coveted residential and entertainment districts. Current ownership had previously drafted plans which are now expired for 29 units (including three affordable). A new developer may choose to increase the proportion of larger units or alternatively leverage the TOC 0.5 parking-space-per-unit guidelines to utilize on-grade or semi-subterranean parking and further optimize the building design. This prime, transit-proximate development site is ready for a visionary builder to bring a high-quality project to life.
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