1817-1825 Corinth Ave
Los Angeles, CA 90025
West LA Prestigious Development Opportunity · Multifamily Property For Sale · 37 Units

Taksa Investment Group is pleased to present 1817-1833 Corinth Avenue, a rare development opportunity (currently operated as an apartment building) with in-place entitlements and a recorded final tract map that offers advantages no longer available under current code (Buyer to verify). Architectural plans have already been prepared and are in process. The current entitlements have been grandfathered and were created with the favorable SB1818 regulations (Buyer to verify). The project makes use of a 35% density bonus that allows for 52 large condominiums (48 market rate, 4 very low income). It is situated on a huge quadruple lot tract of 28,992 SF zoned QR3 with an alley. (Buyer to verify). The entitlements also allow for a 20% increase in FAR (3.6:1, 84,950 square feet) and 20% increase in height (54 feet).The site also falls within a favorable TOC 2 zoning area. Current improvements consist of 3 multi-family properties with a combined 36+1 units grossing nearly $855,000 annually, allowing the new owner to capitalize on existing income while finalizing development plans and permits. Located just 1 block west of the trendy Sawtelle Blvd, just south of vibrant Santa Monica Blvd. and a short distance from the near 600,000 square foot Google campus opening at the former Westside Pavilion. 1817-1833 Corinth Avenue will put future residents in the center of everything West Los Angeles has to offer.