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$ 36,900,000
Est. payment | /mo
0.62 Acres Lot
$ 36,900,000
Est. payment | /mo
0.62 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26865491
HOA Y/N No
Lot Size 0.624 Acres
Property Description
We are proud to present a fully entitled redevelopment site for 389-units located at 431 La Cienega Boulevard in Los Angeles, California. The subject property is situated in one of the best pockets of Beverly Grove location just a couple blocks from the Beverly Center, north of Beverly Boulevard and west on La Cienega Boulevard. Fully entitled for 389-units under the Mayor's Executive Directive 1 (ED1), the plans call for two hundred twenty-one (221) Studio / 1-Bathroom units and one hundred sixty-eight (168) 1-Bedroom / 1-Bathroom units. The building is planned to go eight (8) stories in height with a highly efficient, stackable design enabling modular construction from floors 2-8, and one (1) level subterranean which is designed as an express car wash. The site is just a couple blocks north of the acclaimed Beverly Center and Cedars-Sinai Medical Center, and less than half a mile southwest from the Pacific Design Center and West Hollywood Park. Situated in one of the best located pockets of Beverly Grove between West Hollywood and Beverly Hills, this offering presents a once in a lifetime opportunity to capitalize on high density plans in an irreplaceable, heavily supply constrained market of Los Angeles. *OM Available Upon Request
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning LAC2
Interior
Fireplace No
Exterior
View Y/N Yes
View City Lights
Building
New Construction No
Others
Senior Community No
Tax ID 4337009016
Special Listing Condition Standard
Lease Land No
Listed by John Boyett CBRE #02056759
NEARBY SCHOOL & BUSINESS