5800 Obama Blvd
Los Angeles, CA 90016
Potential to Build ±170 Apartment Units · Land For Sale
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0.91 AC
Investment Highlights
- Redevelopment opportunity in a dynamic market in Los Angeles County
- Potential to build ±170 apartment units – Buyer to verify
- Strategically located on busy intersection at Obama Avenue and La Cienega Boulevard
- LAC4 / Transit Oriented Community (TOC) Tier 3
- Within 0.5 miles of the La Cienega/Jefferson Metro Station; Surrounded by major retailers, shops and restaurants
- Currently operating as a well performing strip center anchored by Carl’s Jr.
Property Facts
Description
The Ghobadi Group of Colliers International is pleased to present a redevelopment opportunity in one of the most dynamic markets in Los Angeles County. With many new apartment complexes and mix use under construction, Culver City is transforming to one of the most attractive locations in Los Angeles to live and work. The subject property is a corner lot at 5800 Obama Boulevard, surrounded by major retail and apartment complexes. In addition, the property is strategically located within 0.5 miles of the La Cienega/Jefferson Metro station which makes it a fantastic redevelopment opportunity given the Tier 3 bonus density for Transit Oriented Community (TOC). Currently the subject property is a well performing strip center anchored by Carl’s Jr., with the majority of tenant’s leases being month to month. Please contact the agent for more information.
Property Taxes
| Parcel Number | 4204-020-244 | Improvements Assessment | $934,103 |
| Land Assessment | $1,724,510 | Total Assessment | $2,658,613 |
Property Taxes
