Outstanding Development Opportunity – Rare and unique opportunity to develop on Westside’s landmark street Sawtelle Boulevard.
Location, Location, Location – The site is strategically positioned at the heart of Japantown, in the prestigious West LA region, on the renowned Sawtelle Boulevard. This optimal locale offers unparalleled access to the vibrant cultural and economic activities of the area.
Superior Walkability – With an impressive Walkability score of 94, the site qualifies as a “Walker’s Paradise”. Modern renters place high value on the convenience of being able to commute, run errands, and engage in leisure activities without needing a car – a demand this location meets seamlessly.
Opportunity – Unique opportunity to develop on Westside’s landmark street Sawtelle Boulevard.
Visible Frontage – The site boasts an expansive 88 feet of frontage along Sawtelle Boulevard, offering superb visibility and exposure. This enhances the site’s prominence and potential appeal to prospective renters or buyers.
Current Use – Currently the property is comprised of 3 commercial storefronts, 1 Single Family Residential, and 3 multifamily units. All commercial leases are month-to-month and only 1 residential unit is occupied.
Existing income – Buyer can collect income while the property is being entitled.
Prime West Los Angeles site, located on the renowned Sawtelle Blvd in the heart of Japantown. This site stands as one of the last few undeveloped parcels in this highly coveted area.
The property is comprised of 3 commercial storefronts, 1 Single Family Residential, and 3 multifamily units. All commercial leases are month-to-month and only one residential unit is occupied.
Spanning approximately 88ft wide by 140ft deep, the site offers a generous lot size of approximately 12,320 Sq Ft of LAC2 zoned land. Utilizing bonus density, the site can be developed to approximately ±45 units. Interested buyers to verify all development information and details with the City of Los Angeles. Nestled in the heart of a vibrant community, this location is a true walker’s paradise (94 walk score), signifying the perfect work-live-play environment. The location presents a strong demographic of Silicon Beach renters, providing a steady stream of healthy rental rates for years to come.Listing Status: | Under Contract |
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Listing Type: | Call for offers |
Property Types: | Land/Development |
No. of Units: | 5 |
Year Built: | -1 |
Building Size: | 6,283 Sq ft |
Lot Size: | 12,320.00 Sq ft |
APN: | 4261-020-026 |
Zoning Code: | LAC2 1-VL |
Opportunity Zone: | No |
Full name | Phone number | Email address |
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Randy Matusoff, CCIM, SIOR | 3107158284 | [email protected] |
Kevin Kawaoka, CCIM | 3105607184 | [email protected] |
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