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Favorable Zoning | Coveted Central LA Lot 7901 Beverly Blvd 0.66 Acres of Residential Land Online Auction Sale Los Angeles, CA 90048
Matterport 3D Tour
Investment Highlights
- 7901 Beverly Boulevard presents a rare chance to acquire and develop a premier corner site at one of LA's most recognizable intersections.
- Chance to create a landmark mixed-use, residential, hospitality, or commercial project that will define the neighborhood for generations to come.
- Approved RTI plan for a 71-unit mixed-use project with retail and underground parking, or explore the new zoning allowing three alternative concepts.
- Prominently positioned at the frequented and signalized corner of Beverly Boulevard and Fairfax Avenue, with over 38,000 vehicles passing daily.
- World-class retail, dining, and entertainment destinations near like Ave of the Stars, Century City, Westfield Mall, The Grove, and Beverly Center.
- Incredible demographics featuring a population of over 524,000 and 540,000 employees within a 5-mile radius, employed in Silicon Beach and beyond.
Executive Summary
Conroy Commercial is proud to present a truly exceptional development opportunity at 7901 Beverly Boulevard, located at the prominent intersection of Beverly Boulevard and Fairfax Avenue, one of Los Angeles' most recognizable and highly trafficked commercial corridors.
Positioned at a signalized corner with unmatched visibility, this rare offering presents investors and developers with the opportunity to create a transformative project in the heart of one of the city's most dynamic neighborhoods. Whether envisioned as a mixed-use destination, luxury residential development, boutique hospitality concept, or flagship commercial asset, the site offers extraordinary flexibility and long-term potential
RTI plans prepared by Howard Laks Architects and approved in March 2024 currently permit a five-story mixed-use development featuring 71 residential units above approximately 10,000 square feet of ground-floor retail space, supported by five levels of subterranean parking. Since the issuance of the RTI approvals, zoning changes have expanded the site's development potential and allowed for increased density.
As a result, multiple alternative development scenarios have been evaluated, including increasing the approved residential unit count to 78 units while reducing parking requirements, pursuing a maximum-density residential project with up to 146 units, or developing a mixed-use residential and hospitality concept featuring approximately 96 hotel rooms and 90 residential units. All alternative development concepts remain subject to review, approval, and confirmation by the Los Angeles Planning Department and other applicable agencies.
7901 Beverly Boulevard sits at the geographic and cultural center of Los Angeles. Television City — the storied former CBS studio campus — sits catty-corner across the intersection. The Original Farmers Market and The Grove are a short walk away. LACMA, the Beverly Center, and Melrose Avenue are all within minutes. The immediate trade area is among the densest and most affluent in the city, with more than 38,000 daytime employees within one mile and a residential population that skews educated, professional, and high-income.
Development opportunities of this scale and prominence are exceedingly scarce, particularly in a location that combines strong demographics, significant daily traffic counts, and immediate access to some of Los Angeles' most sought-after retail, dining, and entertainment destinations.
Qualified buyers are invited to submit offers accompanied by proof of funds and a summary of relevant development experience. Opportunities to establish a landmark presence at Beverly and Fairfax are exceptionally rare. Conroy Commercial welcomes the opportunity to discuss this offer in greater detail.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Positioned at a signalized corner with unmatched visibility, this rare offering presents investors and developers with the opportunity to create a transformative project in the heart of one of the city's most dynamic neighborhoods. Whether envisioned as a mixed-use destination, luxury residential development, boutique hospitality concept, or flagship commercial asset, the site offers extraordinary flexibility and long-term potential
RTI plans prepared by Howard Laks Architects and approved in March 2024 currently permit a five-story mixed-use development featuring 71 residential units above approximately 10,000 square feet of ground-floor retail space, supported by five levels of subterranean parking. Since the issuance of the RTI approvals, zoning changes have expanded the site's development potential and allowed for increased density.
As a result, multiple alternative development scenarios have been evaluated, including increasing the approved residential unit count to 78 units while reducing parking requirements, pursuing a maximum-density residential project with up to 146 units, or developing a mixed-use residential and hospitality concept featuring approximately 96 hotel rooms and 90 residential units. All alternative development concepts remain subject to review, approval, and confirmation by the Los Angeles Planning Department and other applicable agencies.
7901 Beverly Boulevard sits at the geographic and cultural center of Los Angeles. Television City — the storied former CBS studio campus — sits catty-corner across the intersection. The Original Farmers Market and The Grove are a short walk away. LACMA, the Beverly Center, and Melrose Avenue are all within minutes. The immediate trade area is among the densest and most affluent in the city, with more than 38,000 daytime employees within one mile and a residential population that skews educated, professional, and high-income.
Development opportunities of this scale and prominence are exceedingly scarce, particularly in a location that combines strong demographics, significant daily traffic counts, and immediate access to some of Los Angeles' most sought-after retail, dining, and entertainment destinations.
Qualified buyers are invited to submit offers accompanied by proof of funds and a summary of relevant development experience. Opportunities to establish a landmark presence at Beverly and Fairfax are exceptionally rare. Conroy Commercial welcomes the opportunity to discuss this offer in greater detail.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Matterport 3D Tour
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Street View
Street
Map
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Miscellaneous
Property Facts
| Property Type | Land | Total Lot Size | 0.66 AC |
| Property Subtype | Residential | Sale Condition | Auction Sale |
| Sale Type | Investment | Type of Ownership | Fee Simple |
| Zoning | LARAS4-1D - Los Angeles Residential Apartments | ||
| Property Type | Land |
| Property Subtype | Residential |
| Sale Type | Investment |
| Total Lot Size | 0.66 AC |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Zoning | LARAS4-1D - Los Angeles Residential Apartments |
1 Lot Available
Lot
| Lot Size | 0.66 AC | Parcel Number | 5527-036-027 |
| Lot Size | 0.66 AC |
| Parcel Number | 5527-036-027 |
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Sale Advisor
Sale Advisor
Jeff Gray, Senior Associate
Jeff focuses on the commercial corridors where he grew up on the Westside including Venice, Santa Monica, Palms and Culver City. He has sold and leased numerous properties on Abbot Kinney including a 2017 sale for more than $4,200 a square foot. He especially enjoys helping clients increase their cash flow through 1031 exchanges. Commonly, this involves selling a management-intensive local property and buying a single-tenant, long-term lease property out of state with little or no management.
Prior to Conroy Commercial, Jeff started his real estate career at Marcus & Millichap. Born and raised in Brentwood, he attended Loyola High school and is a graduate of University of Colorado. In his free time, he enjoys spending time with his family, biking, surfing and skiing.
Prior to Conroy Commercial, Jeff started his real estate career at Marcus & Millichap. Born and raised in Brentwood, he attended Loyola High school and is a graduate of University of Colorado. In his free time, he enjoys spending time with his family, biking, surfing and skiing.
About the Auction Technology
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Auction Contact
Molly Patten
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr 01937601. Ten-X Auction Surety Bond 106465786
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
Favorable Zoning | Coveted Central LA Lot | 7901 Beverly Blvd
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Favorable Zoning | Coveted Central LA Lot | 7901 Beverly Blvd
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