Multi-Family
1656 Sawtelle Blvd
1656 Sawtelle Blvd, Los Angeles, CA 90025
Listing Price: $2,995,000
Investment Overview
Marcus & Millichap is pleased to present1656 Sawtelle Boulevard, a rare opportunity to acquire a 7,005-square-foot vacant and fully cleared infill development site in the heart of West Los Angeles' highly desirable Sawtelle ("Little Osaka") neighborhood. Zoned C2-1VL, the property is positioned for a Mixed Income Incentive Program (MIIP) development of approximately 38 units, while also offering alternative development pathways through AB 1287 and the City's Affordable Housing Incentive Program (AHIP), allowing for potential density of up to 52 units. The site is delivered free of existing improvements, allowing a developer to immediately pursue entitlements without demolition costs or delays.
The property's greatest advantage is its development flexibility. In addition to MIIP, the site was previously advanced to Ready-to-Issue (RTI) status for a 33-unit multifamily project, with approved plans available to convey to a purchaser. This provides developers the option to build from an existing RTI plan for a faster timeline or redesign the project to capitalize on higher-density state and local incentive programs. Combined with no parking requirements under AB 2097, the site offers an efficient path toward maximizing buildable area and long-term value.
Located along one of the Westside's most recognizable commercial corridors, the property benefits from exceptional walkability, immediate access to Santa Monica Boulevard and the 405 Freeway, and close proximity to UCLA, Century City, Brentwood, Santa Monica, and Silicon Beach. The surrounding neighborhood is characterized by affluent demographics, strong employment fundamentals, and some of Los Angeles' highest barriers to new housing supply, creating sustained rental demand and long-term appreciation potential.
1656 Sawtelle Blvd
Investment Highlights
- Prime West LA Development Opportunity – 7,005 SF vacant and fully cleared infill parcel located in the heart of Sawtelle ("Little Osaka"), one of Los Angeles' most supply-constrained rental markets.
- Multiple Density Pathways – Potential to develop approximately 38 units under MIIP, with AB 1287 and AHIP offering alternative development scenarios of up to approximately 52 units.
- Previously RTI for 33 Units – Existing Ready-to-Issue plans are available, providing the opportunity to significantly reduce entitlement timelines, soft costs, and carrying expenses.
- Vacant & Demolition Complete – Buyers avoid demolition costs and can immediately begin design, permitting, or construction planning.
- No Parking Requirement – Eligible for reduced parking requirements under AB 2097, improving project efficiency and maximizing rentable square footage.
- Premier Sawtelle Location – High-visibility frontage within walking distance of renowned restaurants, retail, and entertainment in the vibrant "Little Osaka" district.
Exclusively Listed By
Financing By
Listing Price: $2,995,000
Investment Highlights
- Prime West LA Development Opportunity – 7,005 SF vacant and fully cleared infill parcel located in the heart of Sawtelle ("Little Osaka"), one of Los Angeles' most supply-constrained rental markets.
- Multiple Density Pathways – Potential to develop approximately 38 units under MIIP, with AB 1287 and AHIP offering alternative development scenarios of up to approximately 52 units.
- Previously RTI for 33 Units – Existing Ready-to-Issue plans are available, providing the opportunity to significantly reduce entitlement timelines, soft costs, and carrying expenses.
- Vacant & Demolition Complete – Buyers avoid demolition costs and can immediately begin design, permitting, or construction planning.
- No Parking Requirement – Eligible for reduced parking requirements under AB 2097, improving project efficiency and maximizing rentable square footage.
- Premier Sawtelle Location – High-visibility frontage within walking distance of renowned restaurants, retail, and entertainment in the vibrant "Little Osaka" district.
Investment Overview
Marcus & Millichap is pleased to present1656 Sawtelle Boulevard, a rare opportunity to acquire a 7,005-square-foot vacant and fully cleared infill development site in the heart of West Los Angeles' highly desirable Sawtelle ("Little Osaka") neighborhood. Zoned C2-1VL, the property is positioned for a Mixed Income Incentive Program (MIIP) development of approximately 38 units, while also offering alternative development pathways through AB 1287 and the City's Affordable Housing Incentive Program (AHIP), allowing for potential density of up to 52 units. The site is delivered free of existing improvements, allowing a developer to immediately pursue entitlements without demolition costs or delays. The property's greatest advantage is its development flexibility. In addition to MIIP, the site was previously advanced to Ready-to-Issue (RTI) status for a 33-unit multifamily project, with approved plans available to convey to a purchaser. This provides developers the option to build from an existing RTI plan for a faster timeline or redesign the project to capitalize on higher-density state and local incentive programs. Combined with no parking requirements under AB 2097, the site offers an efficient path toward maximizing buildable area and long-term value. Located along one of the Westside's most recognizable commercial corridors, the property benefits from exceptional walkability, immediate access to Santa Monica Boulevard and the 405 Freeway, and close proximity to UCLA, Century City, Brentwood, Santa Monica, and Silicon Beach. The surrounding neighborhood is characterized by affluent demographics, strong employment fundamentals, and some of Los Angeles' highest barriers to new housing supply, creating sustained rental demand and long-term appreciation potential.
Exclusively Listed By
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
