11378 Ovada Pl
Los Angeles, CA 90049
11378 Ovada Pl Los Angeles, CA 90049 · Land For Sale · 0.30 AC

Miller & Desatnik Realty presents 11378 Ovada Place, a rare opportunity for developers to acquire a premier site in the heart of Bel-Air, offering multiple development pathways to maximize value. Situated on a tranquil, tree-lined cul-de-sac, this property provides a unique blend of exclusivity and convenience. Development Options: Small Lot Subdivision – The proposed plan features an 8-unit small lot subdivision with a mix of five (2-bedroom) and three (3-bedroom) townhomes spanning four levels. Each residence includes: * Private garages with direct unit access * Expansive open-concept living areas with a guest powder room * Well-appointed third-floor sleeping quarters * Private rooftop decks with stunning views The permit process is in progress, awaiting a housing letter before proceeding to hearings and final approvals, expected in the coming months. ED1 Low-Income Housing Development – The site can alternatively support an approximate 90-unit ED1 project with a ministerial, streamlined approval process requiring no parking, offering a fast-track path to development. CHIP OC-3 Density Bonus Project – Another option includes a mixed-income development under CHIP OC-3 guidelines, allowing for approximately 70% market-rate units while leveraging density incentives. Existing Income-Generating Property: The site currently features a 4-unit building, consisting of: Three (2-bedroom) units – Two leased at $2,343 and $2,731 respectively, with one vacant. One (1-bedroom) unit – Currently vacant. Please do not disturb or alert the tenants of the potential sale. This is a rare chance to develop in one of Los Angeles' most sought-after neighborhoods.