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2274 Westwood Blvd
Los Angeles, CA 90064
Land For Sale
·
0.30 AC
Investment Highlights
- Entitled for 58 units via TOC Tier 3 program!
- High Density of Walkable Amenities
- Highly connected via two metro stops, two major freeways, the corridors and bus routes of Olympic, Santa Monica, and Wilshire, and a bike lane on West
- Six Stories: four with views of the ocean, Century City, and Westwood.
- Employment drives value and this is an employment-dense area: Google, UCLA, Fox Studios, Riot Games, etc.
- Deep shortage of units in the area with rising rents
Property Facts
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Commercial | Total Lot Size | 0.30 AC |
| Zoning | C4-1VL-POD - Tier 3 TOC Approved for AB 2097 and AB 2334 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.30 AC |
| Zoning | C4-1VL-POD - Tier 3 TOC Approved for AB 2097 and AB 2334 |
Description
Unique opportunity to purchase two contiguous commercial lots entitled for 58 units (52 market rate and 6 affordable). The opportunity includes all entitlement and design work to date. The data room includes extensive plans, an ALTA land survey, a "clean" phase one report, a geo-tech report, and more. This is a high-demand area.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $5,355,000 | Total Assessment | $5,355,000 |
Property Taxes
Parcel Numbers
Land Assessment
$5,355,000
Improvements Assessment
$0
Total Assessment
$5,355,000
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