2499 Sawtelle Blvd
Los Angeles, CA 90064
Multifamily Property For Sale · 2 Units

Prime investment opportunity in a prime location! Currently featuring two units, this property offers exceptional redevelopment potential. With TOC Tier 3 incentives, transform it into a 21-unit multifamily property, benefiting from new density bonus implemented throughout Los Angeles. Enjoy parking reductions and proximity to public transport in this desirable neighborhood. This property ensures strong market demand, high occupancy rates, and attractive rental yields. Enhance your portfolio with this growth opportunity promising substantial long-term value and excellent ROI. Contact us today to learn more!

Great opportunity for a developer to build, an investor to buy and hold or as an owner-user property, live in one house while renting out the other house. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). ED1 Eligible. This is a premier development opportunity located in a thriving area of Los Angeles. Zoned R3-1 and designated as a TOC Tier 3 site, this property offers substantial incentives for increased density and reduced parking requirements. With a generous lot size and significant allowable floor area, this parcel is ideal for developers aiming to create a high-density, multifamily residential project. Key features include a generous buildable area. The property spans 7,414 sq. ft. with a buildable square footage of 22,242 sq. ft., offering ample space for a substantial development. Optimized density and parking efficiency may benefit builder by offering up to a 70% increase in allowable density and a 50% reduction in parking requirements, enhancing the project's feasibility and profitability. Situated in a vibrant and accessible part of Los Angeles, this property is ideally positioned to attract residents. Its strategic location offers easy access to major transportation routes and urban amenities, ensuring strong demand and sustained growth potential. All information here is deemed reliable but not guaranteed. Buyer and buyers agent should perform their own investigation in order to confirm the accuracy of the information including but not limited to lot size, zoning, building requirements and restrictions. One unit may be delivered vacant at close of escrow. call listing agent for information regarding current rent roll. The remaining tenant will remain after close of escrow. Call listing agent for more information regarding the current rent roll. Showings will be scheduled by appointment with accepted offer subject to interior inspection.

Property consists of 2 homes: 11311 Pearl St and 2249 Sawtelle Avenue. 2249 Sawtelle Ave. is being used as 30+ Airbnb, this unit may be delivered vacant at close of escrow. 11311 Pearl St. is tenant occupied and tenant will remain in possession after COE. Current tenant pays approximately 3700.00 per month plus Gas and Electricity. Showings will by by appointment and scheduled with accepted offer subject to interior inspection.