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3812 W Adams Blvd
Los Angeles, CA 90018
Land For Sale
·
0.35 AC
EXECUTIVE SUMMARY
CBRE, Inc., as exclusive advisor to the seller, is pleased to present 3812 W. Adams Blvd. in the historic West Adams submarket of Los Angeles.
The offering consists of an entitled 106-unit (85 + 21 ADUs) ED1 project of income-restricted housing on a ±15,359 (±.353 ac) lot. The seller will deliver the project RTI (ready to issue) permits upon the close of escrow. Zoned LAR3-1-O, the project was granted six incentives/waivers including no maximum density, increased height, and decreased setbacks/open space as a result of the project’s ED1 status. The project contemplates no subterranean parking, is 6 stories in height and offers a unit mix of 100% 1-bedrooms. Seventeen at-grade parking spaces will be available to tenants along with 72 bicycle spaces and a roof deck lounge.
West Adams, driven by its vibrant cultural landscape and strategic positioning between Downtown LA and Culver City’s tech hub, is experiencing a rapid influx of multifamily development. This blend of irreplaceable historic architecture and brand-new residential projects makes West Adams a high-growth market, promising strong rental income and significant long-term appreciation.
Please visit the Property Website to execute the Confidentiality Agreement and access the Virtual Deal Room with plans, approvals, reports, etc. related to the project.
The offering consists of an entitled 106-unit (85 + 21 ADUs) ED1 project of income-restricted housing on a ±15,359 (±.353 ac) lot. The seller will deliver the project RTI (ready to issue) permits upon the close of escrow. Zoned LAR3-1-O, the project was granted six incentives/waivers including no maximum density, increased height, and decreased setbacks/open space as a result of the project’s ED1 status. The project contemplates no subterranean parking, is 6 stories in height and offers a unit mix of 100% 1-bedrooms. Seventeen at-grade parking spaces will be available to tenants along with 72 bicycle spaces and a roof deck lounge.
West Adams, driven by its vibrant cultural landscape and strategic positioning between Downtown LA and Culver City’s tech hub, is experiencing a rapid influx of multifamily development. This blend of irreplaceable historic architecture and brand-new residential projects makes West Adams a high-growth market, promising strong rental income and significant long-term appreciation.
Please visit the Property Website to execute the Confidentiality Agreement and access the Virtual Deal Room with plans, approvals, reports, etc. related to the project.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $3,900,000 | Lot Size | 0.35 AC |
| Price Per AC | $11,060,880.22 |
| Price | $3,900,000 |
| Price Per AC | $11,060,880.22 |
| Lot Size | 0.35 AC |
Entitled 106-unit (85 + 21 ADUs) ED1 project. Zoned LAR3-1-O. Lot Dimensions: ±75’ x ±204’.
PROPERTY TAXES
| Parcel Number | 5051-003-002 | Improvements Assessment | $326,400 |
| Land Assessment | $1,305,600 | Total Assessment | $1,632,000 |
PROPERTY TAXES
Parcel Number
5051-003-002
Land Assessment
$1,305,600
Improvements Assessment
$326,400
Total Assessment
$1,632,000
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