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1851 S Barrington Ave
Los Angeles, CA 90025
Land For Sale
·
0.15 AC
INVESTMENT HIGHLIGHTS
- Prime West LA Location
- Ideal ED1 Development
- TOC Tier 3 Benefits
- Existing 5-Unit Structure Totaling 1,980 SF - Four (4) Studios and One (1) One-Bedroom Unit
- Seller has Designs for 100% Affordable Housing with 23 Units (Possibility to be Reconfigured to 30 Units via ED1)
- 6,492 SF Lot Zoned LAR1.5
EXECUTIVE SUMMARY
Marcus and Millichap is pleased to present a 6,492 SF lot development site located at 1851 S Barrington Avenue in Los Angeles, California. The single lot is located in a prime West LA location, south of Santa Monica Boulevard and west of Sawtelle Boulevard.
Located in the heart of West Los Angeles, this prime offering features a 6,492 SF LARD1.5-zoned lot with an existing 5-unit bungalow-style property comprised of four (4) studios and one (1) one-bedroom unit. The site presents an ideal ED1 redevelopment opportunity, with seller-provided designs for 23 units (potential to be reconfigured to 30 units) of 100% affordable housing. The property offers dominant access to Santa Monica, Olympic, and Sawtelle Boulevards, with immediate connectivity to the 405 and 10 freeways. Nearby amenities include Stoner Park, the Expo/Bundy Metro E Line station, and the vibrant Sawtelle Japantown corridor, along with major retailers, fitness, dining, and entertainment options.
Overall, the property represents a compelling redevelopment opportunity with the possibility to reconfigure designs to build up to 30 units via ED1 in a prime West Los Angeles location, all while generating existing income as entitlements are being finalized.
Located in the heart of West Los Angeles, this prime offering features a 6,492 SF LARD1.5-zoned lot with an existing 5-unit bungalow-style property comprised of four (4) studios and one (1) one-bedroom unit. The site presents an ideal ED1 redevelopment opportunity, with seller-provided designs for 23 units (potential to be reconfigured to 30 units) of 100% affordable housing. The property offers dominant access to Santa Monica, Olympic, and Sawtelle Boulevards, with immediate connectivity to the 405 and 10 freeways. Nearby amenities include Stoner Park, the Expo/Bundy Metro E Line station, and the vibrant Sawtelle Japantown corridor, along with major retailers, fitness, dining, and entertainment options.
Overall, the property represents a compelling redevelopment opportunity with the possibility to reconfigure designs to build up to 30 units via ED1 in a prime West Los Angeles location, all while generating existing income as entitlements are being finalized.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | Apartment Units |
| Property Type | Land | Total Lot Size | 0.15 AC |
| Zoning | LARD1.5 | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.15 AC |
| Zoning | LARD1.5 |
1 LOT AVAILABLE
Lot
| Price | $1,800,000 | Lot Size | 0.15 AC |
| Price Per AC | $12,081,347.74 |
| Price | $1,800,000 |
| Price Per AC | $12,081,347.74 |
| Lot Size | 0.15 AC |
PROPERTY TAXES
| Parcel Number | 4262-022-012 | Improvements Assessment | $541,216 |
| Land Assessment | $1,136,553 | Total Assessment | $1,677,769 |
PROPERTY TAXES
Parcel Number
4262-022-012
Land Assessment
$1,136,553
Improvements Assessment
$541,216
Total Assessment
$1,677,769
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