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888 Devon Ave
Los Angeles, CA 90024
Fully Entitled, “Ready to Issue” · Land For Sale
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0.33 AC
Investment Highlights
- 21-unit luxury condominium development opportunity
- Excellent West Los Angles Holmby Hills location between Beverly Hills and Westwood, along Wilshire Boulevard’s “Golden Mile”
- Median value of owner-occupied units within 0.5 miles of the Property is $2,000,001
- Shovel-ready with foundation-only permit “Ready to Issue” and full building permit 100% “Ready to Issue”
- R5 Zoning guidelines allow the potential to redesign a project for up to ±45 residential units.
- No new luxury condominium development in the pipeline after Mandarin Oriental delivers in mid-2022
Property Facts
| Property Type | Land | Proposed Use | Apartment Units - Condo |
| Property Subtype | Residential | Total Lot Size | 0.33 AC |
| Zoning | [Q] R5-3 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 0.33 AC |
| Zoning | [Q] R5-3 |
Property Taxes
| Parcel Number | 4359-017-016 | Improvements Assessment | $0 |
| Land Assessment | $8,427,240 | Total Assessment | $8,427,240 |
Property Taxes
Parcel Number
4359-017-016
Land Assessment
$8,427,240
Improvements Assessment
$0
Total Assessment
$8,427,240
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