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1656 Sawtelle Blvd - Vacant Cleared Land | Prime West LA 0.16 Acres of Residential Land Offered at $2,995,000 in Los Angeles, CA 90025
Investment Highlights
- Located in the heart of Sawtelle's renowned "Little Osaka" district, one of the most vibrant and supply-constrained rental markets on the Westside.
- Currently positioned as a Mixed Income Incentive Program (MIIP) project with approximately 38 units and a projected FAR of 4.2:1.
- Development incentives and AB 2097 may allow construction without on-site parking requirements, improving project efficiency and density.
- The property has already been demolished and cleared, allowing a developer to bypass demolition costs, permitting delays, and site preparation risk.
- Alternative development pathways through AB 1287 and AHIP may support up to approximately 52 units, six stories.
- The site is located near UCLA, Century City, Brentwood, Santa Monica, Silicon Beach, and major employment hubs.
Executive Summary
The LAAA Team is pleased to present 1656 Sawtelle Boulevard, a rare opportunity to acquire a 7,005-square-foot vacant and fully cleared development site in the heart of West Los Angeles' highly desirable Sawtelle ("Little Osaka") corridor. Positioned on a prime commercial stretch of Sawtelle Boulevard, the property offers investors and developers the ability to immediately pursue entitlement and construction without the cost, delay, and uncertainty associated with demolition. The site is currently envisioned as a Mixed Income Incentive Program (MIIP) development accommodating approximately 38 units, with alternative density pathways under AB 1287 and the City's Affordable Housing Incentive Program (AHIP) potentially supporting up to approximately 52 units and six stories of development.
Located minutes from UCLA, Brentwood, Century City, Santa Monica, and Silicon Beach, the property benefits from one of Southern California's strongest multifamily demand drivers. The affluent surrounding demographics, walkable retail environment, and proximity to major employment centers create a compelling foundation for future rental housing development. Adding further value, the property was previously advanced to Ready-to-Issue (RTI) plans for a 33-unit project, providing a potential opportunity to accelerate development timelines while preserving the flexibility to pursue larger density programs.
Located minutes from UCLA, Brentwood, Century City, Santa Monica, and Silicon Beach, the property benefits from one of Southern California's strongest multifamily demand drivers. The affluent surrounding demographics, walkable retail environment, and proximity to major employment centers create a compelling foundation for future rental housing development. Adding further value, the property was previously advanced to Ready-to-Issue (RTI) plans for a 33-unit project, providing a potential opportunity to accelerate development timelines while preserving the flexibility to pursue larger density programs.
Property Facts
1 Lot Available
Lot
| Price | $2,995,000 | Lot Size | 0.16 AC |
| Price Per AC | $18,718,750.00 |
| Price | $2,995,000 |
| Price Per AC | $18,718,750.00 |
| Lot Size | 0.16 AC |
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Very walkable
80/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4261-008-013 | Improvements Assessment | $239,834 |
| Land Assessment | $3,123,451 | Total Assessment | $3,363,285 |
Property Taxes
Parcel Number
4261-008-013
Land Assessment
$3,123,451
Improvements Assessment
$239,834
Total Assessment
$3,363,285
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