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- LoopNet Team
7318 W Sunset Blvd
Los Angeles, CA 90046
Sunset & Martel · Land For Sale
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0.33 AC
INVESTMENT HIGHLIGHTS
- Rare Hollywood Redevelopment Site
- Zoned C4-1D allowing for commercial and residential
- Located near many businesses in the entertainment industry such as Capitol Records, Netflix, and the multitude of recording studios along Sunset Blvd
- Located on the world famous and high traffic Sunset Blvd
- Located near many popular spots such as Hollywood & Highland, The Whiskey A Go Go, Mann’s Chinese Theatre, Hollywood Walk of Fame
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.33 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Multifamily | ||
| Zoning | C4-1D | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.33 AC |
| No. Stories | 1 |
| Zoning | C4-1D |
DESCRIPTION
MDGLA is pleased to list SUNSET & MARTEL, a premier redevelopment opportunity in the city of Los Angeles, California. The property is located on the bustling corner of Sunset Blvd and N Martel Ave, and is currently occupied by an auto repair shop called RDB. The property is in close proximity to cities such as West Hollywood, Hollywood, Brentwood, Hollywood Hills, and many other west side attractions. The property is 14,360 SF (.33 AC) and zoned C4-1D. Under current zoning, a multifamily redevelopment could have 36 units by right; with Tier 1 TOC, that number is increased to 54. The property enjoys 110.4 linear ft of frontage on Sunset Blvd, and 130 ft on Martel Ave. Buyer to verify permitted with city of Los Angeles. Sunset, is a world famous boulevard that stretches from the Pacific Coast Highway in the Pacific Palisades, all the way east to Figueroa Street in Downtown Los Angeles. Sunset Blvd is known for its active nightlife, “Guitar Row”, and many media and entertainment businesses.
PROPERTY TAXES
| Parcel Number | 5550-018-019 | Improvements Assessment | $87,255 |
| Land Assessment | $3,432,533 | Total Assessment | $3,519,788 |
PROPERTY TAXES
