8521 Horner St - Five-Story 35-Unit RTI Development 0.22 Acres of Commercial Land Offered at $2,995,000 in Los Angeles, CA 90035

PartnersCRE is pleased to present 8521 Horner Street, an outstanding 35-unit RTI multifamily development opportunity in the highly sought-after Pico-Robertson neighborhood of West Los Angeles. Ideal for savvy investors and developers, this rare offering combines the speed and certainty of a shovel-ready project with the long-term appeal of a supply-constrained, high-demand rental market.

The approved plans envision a five-story residential building on an approximately 9,800-square-foot site (0.22 acres), with one level of subterranean parking. Comprising approximately 26,675 square feet of residential area, the current plans include 29 base units, along with approved storage areas that may allow for the addition of ADUs, giving buyers meaningful flexibility in how they optimize the final unit mix. The ADU component can be configured as either three larger two-bedroom/two-bathroom units of roughly 850 square feet each or six studio units of approximately 425 square feet each, subject to final design and buyer verification. In total, the project is planned for 35 units, including a balanced mix of studio, one-bedroom, two-bedroom, and three-bedroom residences, as well as six very low-income units that support an attractive affordability component while preserving a strong market-rate rental profile.

Positioned just south of Pico Boulevard and west of La Cienega Boulevard, 8521 Horner Street benefits from exceptional access to some of Los Angeles’ most established employment, retail, and lifestyle destinations, including Beverly Hills, Century City, West Hollywood, Culver City, and Downtown Los Angeles. The surrounding area features a vibrant mix of multifamily residences, trendy cafés, local markets, boutique shops, and neighborhood amenities. This central location, combined with strong neighborhood walkability, transit access, and proximity to daily amenities, supports durable renter demand from a broad tenant base.

Within the broader Mid-Wilshire multifamily submarket, 8521 Horner Street is well-positioned to capitalize on strong leasing fundamentals and durable renter demand. Vacancies in the region remain relatively tight at 5.6%, underscoring the appeal of centrally located neighborhoods such as Pico-Robertson, where residents can easily access multiple employment and lifestyle destinations across the Westside and Greater Los Angeles. Favorable 2-mile demographics further reinforce the region’s investment appeal. More than 163,000 residents live in the area, with average household income exceeding $137,000 and annual consumer spending topping $2.4 billion. With over 29% of local households being renter-occupied, household-segment spending totaled more than $390 million during the past 12 months. This affluent and dependable renter base ensures strong support for new multifamily projects in the area.

In a market where entitled development opportunities are increasingly difficult to secure, 8521 Horner Street stands out as a compelling chance to deliver new multifamily housing in one of West Los Angeles’ most desirable and connectivity-rich submarkets.

For additional information about this incredible opportunity, please reach out to the KW Commercial broker team today.