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3626 Watseka Ave - SB8 EXEMPT DEVELOPMENT OPPORTUNITY 0.15 Acres of Residential Land Offered at $1,895,000 in Los Angeles, CA 90034
Executive Summary
We are pleased to present an SB8 exempt development opportunity located at 3626 Watseka Ave in the Palms neighborhood of Los Angeles.
The subject property is zoned for residential use with an existing ±1,904 square foot three-bedroom one-bathroom home that is currently vacant, eliminating the need for tenant relocation and allowing for demolition and immediate development planning.
The site consists of approximately ±6,535 square feet of LAR3-zoned land and benefits from Tier 3 Transit Oriented Communities (TOC) incentives. This zoning designation provides a compelling opportunity for developers to pursue a variety of project types, including market-rate multifamily housing with TOC density bonuses, affordable housing developments, or a multi-duplex configuration.
Strategically located directly south of the 10 freeway, Exposition Blvd and the Metro E Line station and three blocks north of Venice Blvd in Palms, the property offers excellent access to public transportation, with multiple nearby bus lines, as well as convenient proximity to the 405 Freeway. The site is ideally positioned within a high-demand rental market, surrounded by some of the West Side’s most sought-after neighborhoods, including Culver City, Mar Vista, Venice, Santa Monica, Baldwin Hills, Beverly Wood and more. Contact the listing broker for additional information.
The subject property is zoned for residential use with an existing ±1,904 square foot three-bedroom one-bathroom home that is currently vacant, eliminating the need for tenant relocation and allowing for demolition and immediate development planning.
The site consists of approximately ±6,535 square feet of LAR3-zoned land and benefits from Tier 3 Transit Oriented Communities (TOC) incentives. This zoning designation provides a compelling opportunity for developers to pursue a variety of project types, including market-rate multifamily housing with TOC density bonuses, affordable housing developments, or a multi-duplex configuration.
Strategically located directly south of the 10 freeway, Exposition Blvd and the Metro E Line station and three blocks north of Venice Blvd in Palms, the property offers excellent access to public transportation, with multiple nearby bus lines, as well as convenient proximity to the 405 Freeway. The site is ideally positioned within a high-demand rental market, surrounded by some of the West Side’s most sought-after neighborhoods, including Culver City, Mar Vista, Venice, Santa Monica, Baldwin Hills, Beverly Wood and more. Contact the listing broker for additional information.
Property Facts
| Price | $1,895,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.15 AC |
| Zoning | LAR3 | ||
| Price | $1,895,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.15 AC |
| Zoning | LAR3 |
1 Lot Available
Lot
| Price | $1,895,000 | Lot Size | 0.15 AC |
| Price Per AC | $12,631,396.52 |
| Price | $1,895,000 |
| Price Per AC | $12,631,396.52 |
| Lot Size | 0.15 AC |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
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3626 Watseka Ave - SB8 EXEMPT DEVELOPMENT OPPORTUNITY
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