11680 Wilshire Blvd | Los Angeles, CA 90025
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- LoopNet Team
11680 Wilshire Blvd
Los Angeles, CA 90025
Land For Sale
·
0.17 AC
Investment Highlights
- One of the Premier Multifamily Development Sites in the Western United States
- ±240 Units “by right” under CHIP Ordinance
- Prominent, highly visible corner parcel offering brand identity
- Unlimited Height by right
- Suitable For Residential, Senior Housing / Senior Care, Hospitality, Office and Retail
- Strong multifamily demand drivers in a supply constrained submarket
Property Facts
| Property Type | Land | Total Lot Size | 0.17 AC |
| Property Subtype | Commercial | ||
| Zoning | {Q}C2-2-CDO General Comm - "Commercial - C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.17 AC |
| Zoning | {Q}C2-2-CDO General Comm - "Commercial - C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses |
Description
CBRE, as exclusive advisor, is pleased to offer a premier development site located at the southeast corner of Wilshire Boulevard and Barrington Avenue in the desirable Brentwood submarket. 11680 Wilshire Boulevard has no height restriction by right, and was recently significantly upzoned as part of the new Los Angeles Citywide Housing Incentive Program Ordinance (“the CHIP Ordinance”) allowing for the development of upwards of 240 units.
Property Taxes
| Parcel Number | 4263-011-036 | Improvements Assessment | $0 |
| Land Assessment | $9,013,875 | Total Assessment | $9,013,875 |
Property Taxes
Parcel Number
4263-011-036
Land Assessment
$9,013,875
Improvements Assessment
$0
Total Assessment
$9,013,875
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