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- LoopNet Team
10714 Charnock Rd
Los Angeles, CA 90034
13 Unit Palms Development Site · Land For Sale
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0.14 AC
PROPERTY FACTS
DESCRIPTION
Presenting a prime development opportunity in the highly sought-after Palms neighborhood. We are proud to bring to market this 6,289 sq ft R3-1 zoned lot with RTI plans for a 13 unit project. The well-designed plans feature a mix of 1, 2 and 3 bedroom units. There are currently three existing one bedroom one bath units on the property that will be delivered vacant. Situated just north of Venice Boulevard, this property boasts a Walk Score of 88, providing easy access to the countless shopping, dining and entertainment options in Culver City, Mar Vista, Century City, Beverly Hills, Marina Del Rey and Santa Monica. Surrounded by numerous major development projects, this part of Palms is experiencing a surge of activity and offers significant potential for expansion. The average household income within one mile exceeds $110,000, and major companies such as Sony Studios, Amazon Studios and HBO have established offices nearby, contributing to the tremendous employment growth in the area. Amazon recently leased 280,000 SF of space at Culver Studios, while HBO leased a five-story office building under construction adjacent to the Culver City Station of the Metro Line. Apple also plans to expand its presence in Los Angeles and expects to have more than 3,000 employees in Culver City by 2026. This property is also close to the booming Downtown Culver City area, known for its vibrant cultural scene, pedestrian-friendly streets, and diverse culinary offerings. The area has undergone significant revitalization in recent years, attracting new businesses, residents and visitors alike. The Ivy Station development, located just a short drive away, has brought in new office space, housing and retail to the area, further enhancing its appeal. This presents an excellent opportunity for investors looking to capitalize on the growth of this rapidly transforming neighborhood. Don't miss your chance to invest in this thriving area with unlimited potential.
