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Multi-Family

1900 Westwood Blvd

1900 Westwood Blvd, Los Angeles, CA 90025

Listing Price: Request For Offer

Lot Size
0.33 acres
Land Type
Land

Investment Overview

A rare, generational opportunity to acquire a unique development site on Westwood Blvd in Los Angeles, CA. The lot is located on a signalized hard corner of Westwood Blvd & Missouri Ave. The site consists of +-14,231 SF of land zoned C4-1VL-O in a Tier 3 TOC centrally located south of Westwood, west of Century City, and east of Santa Monica. This irreplaceable West Los Angeles location is two miles from UCLA, 1.8 miles from the VA Greater Los Angeles, and less than one mile from the Google-anchored office campus development on Pico Blvd. The accessibility to the most desirable destinations in Los Angeles and immediate transportation as well as amenities on Westwood Blvd & Santa Monica Blvd makes this project an ideal apartment development opportunity. The project presents the opportunity to build up to 60 units utilizing the Tier 3 TOC density bonus program. Preliminary work is available to qualified buyers that includes renderings and plans for a six story multi-family building with 2.75 levels of subterranean parking. The unit mix consists of four studios (445-500 SF), 36 one-bedrooms (540-770 SF) and 20 two-bedrooms (810-1,240 SF) that were efficiently designed to capture the broad array of professionals set to be working in the near vicinity. Additionally, the current building consists of retail and office tenants with short term leases with income of +$31,500 per month for a developer to reduce carrying costs while finalizing entitlements. 1900 Westwood Blvd has a walk score of 91, and is also surrounded by multiple big scale development projects currently under construction in West Los Angeles including One Westside (584,000 SF of office), LUMEN West LA (553,475 SF of office), West Edge (255,000 SF of office & 600 residential units), and The Landmark Los Angeles (376 Apartment Units) among others. The West Los Angeles neighborhood continues to be one of the top rental submarkets in the city with rising rents year over year and demand continuing, illustrated by the rapid growth of new developments.

Investment Highlights

  • A rare, generational development opportunity on Westwood Blvd, one block south of Santa Monica Blvd
  • Lot totals +-14,231 SF of land zoned C4-1VL-O in a Tier 3 TOC centrally located south of Westwood, west of Century City, and east of Santa Monica
  • Two miles from UCLA, 1.8 miles from the VA Greater Los Angeles, and less than one mile from the Google-anchored office campus development on Pico Blvd
  • The opportunity to build to 60 units utilizing the Tier 3 TOC density bonus program
  • The proposed unit mix consists of four studios (445- 540 SF), 36 one-bedrooms (540-720 SF) and 20 two-bedrooms (955-1,240 SF)
  • The current building consists of retail and office tenants with short term leases with income of +$375,000 annually for a developer to reduce carrying costs while finalizing entitlements
  • 1900 Westwood Blvd has a walk score of 91 and is also surrounded by multiple big scale development projects currently under construction in West Los Angeles including One Westside (584,000 SF of office), LUMEN West LA (553,475 SF of office), West Edge (255,000 SF of office & 600 residential units), and The Landmark Los Angeles (376 Apartment Units) among others

Exclusively Listed By

Financing By

Multi-Family

1900 Westwood Blvd

Listing Price: Request For Offer

Lot Size
0.33 acres
Land Type
Land

Investment Highlights

  • A rare, generational development opportunity on Westwood Blvd, one block south of Santa Monica Blvd
  • Lot totals +-14,231 SF of land zoned C4-1VL-O in a Tier 3 TOC centrally located south of Westwood, west of Century City, and east of Santa Monica
  • Two miles from UCLA, 1.8 miles from the VA Greater Los Angeles, and less than one mile from the Google-anchored office campus development on Pico Blvd
  • The opportunity to build to 60 units utilizing the Tier 3 TOC density bonus program
  • The proposed unit mix consists of four studios (445- 540 SF), 36 one-bedrooms (540-720 SF) and 20 two-bedrooms (955-1,240 SF)
  • The current building consists of retail and office tenants with short term leases with income of +$375,000 annually for a developer to reduce carrying costs while finalizing entitlements
  • 1900 Westwood Blvd has a walk score of 91 and is also surrounded by multiple big scale development projects currently under construction in West Los Angeles including One Westside (584,000 SF of office), LUMEN West LA (553,475 SF of office), West Edge (255,000 SF of office & 600 residential units), and The Landmark Los Angeles (376 Apartment Units) among others

Investment Overview

A rare, generational opportunity to acquire a unique development site on Westwood Blvd in Los Angeles, CA. The lot is located on a signalized hard corner of Westwood Blvd & Missouri Ave. The site consists of +-14,231 SF of land zoned C4-1VL-O in a Tier 3 TOC centrally located south of Westwood, west of Century City, and east of Santa Monica. This irreplaceable West Los Angeles location is two miles from UCLA, 1.8 miles from the VA Greater Los Angeles, and less than one mile from the Google-anchored office campus development on Pico Blvd. The accessibility to the most desirable destinations in Los Angeles and immediate transportation as well as amenities on Westwood Blvd & Santa Monica Blvd makes this project an ideal apartment development opportunity. The project presents the opportunity to build up to 60 units utilizing the Tier 3 TOC density bonus program. Preliminary work is available to qualified buyers that includes renderings and plans for a six story multi-family building with 2.75 levels of subterranean parking. The unit mix consists of four studios (445-500 SF), 36 one-bedrooms (540-770 SF) and 20 two-bedrooms (810-1,240 SF) that were efficiently designed to capture the broad array of professionals set to be working in the near vicinity. Additionally, the current building consists of retail and office tenants with short term leases with income of +$31,500 per month for a developer to reduce carrying costs while finalizing entitlements. 1900 Westwood Blvd has a walk score of 91, and is also surrounded by multiple big scale development projects currently under construction in West Los Angeles including One Westside (584,000 SF of office), LUMEN West LA (553,475 SF of office), West Edge (255,000 SF of office & 600 residential units), and The Landmark Los Angeles (376 Apartment Units) among others. The West Los Angeles neighborhood continues to be one of the top rental submarkets in the city with rising rents year over year and demand continuing, illustrated by the rapid growth of new developments.

Exclusively Listed By

Financing By

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