3755 Beverly Blvd
Los Angeles, CA 90004
Office Bldg · Office Property For Sale

3755 Beverly blvd: APN: 5501-001-008, Lot size: 9,092 sq.ft 315 N Juanita ave: APN: 5501-001-006, Lot size: 7,515 sq.ft 311 N Juanita ave: APN: 5501-001-007, Lot size: 7,515 sq.ft Total lot size of 24,124 sq.ft. Building size of 12,910 sq.ft (6,455 sq.ft each floor of total 2 stories office spaces) If you convert first-floor parking space of 6,455 sq.ft into office, total building size can be 19,366 sq.ft. Development opportunity - Sang Ur realty is proud to present 3755 Beverly Blvd for purchase. - A developer can build up to 110 units without height limits and parking space requirement on all three APNs. (see below Density, Height and FAR information for this property). - A developer can build up to 69 units without height limits and parking space requirement on the current parking lot ( APN 5501-001-006 & 7) - Developers can build up to 43,595 sq.st with purchasing following APN 5501-001-009 (4,533 sq.ft), #005 (7,518 sq.ft), #004 (7,420 sq.ft) lots. - Hospitals and Medical Uses may go to 4.5/1 FAR & 200 ft. plus the height of roofs and roofs structures with special project approval under Vermont/Western Transit Oriented District. - LAC2, LACM, TIER 4, SNAP C zoning. - 19,366 sq.ft building is situated on 24,124 sq.ft of land. - Current parking spaces under the building can be converted into offices for maximum annual income for the investor. - Proforma Annual Gross Rent Income of $500,000 when all tenants occupied. - It is located on the corner of Vermont Ave and Beverly Blvd. - Easy access to the 101 freeway, and is located across the street from the Beverly/Vermont Metro Station. - Buyer to do their own due diligence regarding possibilities for development. Density Based on the lot area of 24,124 square feet per ZIMAS, the maximum by-right density permitted for the lot is 24,124 SF/400 SF of lot area per dwelling unit = 60.31 rounded down to 60 units. The TOC Guidelines to increase the maximum density by 80%, the by-right density gets rounded up to 61 units x 80% = 48.8 units rounded up to 49 bonus units. In total, this property permitted a maximum density of 61+49 = 110 units. To develop only the two [Q]CM-1 zoned lots (APN 5501-001-006 & 7), the maximum by-right density is 15,032 SF/400 SF of lot area per dwelling unit = 37.58 rounded down to 37 units. The TOC Guidelines to increase the maximum density by 80%, the by-right density gets rounded up to 38 units x 80% = 30.4 units rounded up to 31 bonus units. In total, you are permitted a maximum density of 38+31 = 69 units. Height and FAR SNAP Subarea C is silent on height and FAR requirements for a 100% residential building, the height and FAR requirements would be per the underlying [Q]CM-1 Zone. There are no height limits, and the FAR is limited to 1.5:1 in the CM-1 Zone. However, there is a permanent "Q" Condition imposed on the property by Ordinance No. 164,487, which limits the floor area of a development on Lots 6 and 7 to 15,000 SF. The 75-foot height limit and 3:1 FAR mentioning only applies to mixed-use projects. Propose a mixed-use project, the height will be limited to 75 feet, but since the SNAP supersedes "Q" Conditions wherever there are conflicting provisions, the project will be allowed a maximum FAR of 3:1.