$ 2,100,000
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$2,100,000
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About the Listing CLW-X82195 - CLW-C129697
The offering is a rare, fully vacant development opportunity in Prime West Los Angeles, strategically located between Westwood and Century City one of the most supply-constrained and high-demand rental corridors on the Westside. First time the property has ever been on the market! The property will be delivered fully vacant and demolished at Close of Escrow, allowing a developer to immediately execute on a high-density project with no tenant relocation risk. Positioned on a rare corner lot, the property is Senate Bill 8 exempt, making it one of only 23 such sites in West Los Angeles where no replacement (Low income) units are required, a significant advantage that reduces cost, complexity, and timeline. The site is also eligible for the CHIP (Citywide Housing Incentive Program) under TOIA Tier 2, allowing for up to 100% density bonus, 22 feet of additional height, and a 50% increase in FAR. A developer can build up to 18 units utilizing incentives, or 9 units by-right with no replacement units, offering flexibility to pursue either a high-density multifamily project or a boutique luxury development. With its AAA+ location, rare zoning advantages, and clean delivery at close, 1833 Overland Ave represents a premier Westside development opportunity with exceptional long-term upside. ***All development potential, zoning, and incentive programs referenced herein are subject to Buyer verification with the Los Angeles Department of Building and Safety.
Listing Highlights
Status
Pending
Days on Site
40
Property Type
Vacant Land
MLS ®
26796931
Year Built
Total Square Footage
0
Lot/Acreage
0.16
County
Los Angeles
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
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- Below Ground Sq Ft: n/a
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Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Lot Dimensions: 51x135
- Zoning: LAR3
- Roof:
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Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4321004011
- Tax Year: N/A
Payment Calculator
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Questions About..
1833 Overland Ave Los Angeles, CA 90025
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