Price Upon Req.2 acres
CBRE is pleased to present a rare opportunity to purchase a ±2.41 acre mixed-use residential development site with almost ±700 feet of frontage along Ventura Boulevard in the prestigious neighborhood of Studio City. The site is situated adjacent to the Los Angeles River and is minutes to Trader Joe' s, Von' s and notable eateries such as Sugarfish, Katsu-ya and Firefly. The current ownership has had a conceptual architectural study done by renowned GMPA Architects. According to the architectural study and per the Ventura/Cahuenga Boulevard Corridor Specific Plan Area, a developer could build as many as 354 units, utilizing a bonus density program. The conceptual study also envisions 5,000 square feet of walkable, pedestrian friendly retail, as well as easy access to the Los Angeles River walking paths. GMPA Architects is happy to discuss the proposed plans and additional details about the site with developers.
$560,000Size Upon Req.
Marcus & Millichap is please to present a unique development opportunity in Prime Studio City. The opportunity is located at 3633-3644 North Alta Mesa Drive in Studio City California. The highest and best proposed use would be to build two high end luxury homes. The two parcels are situated on a down slope which allows for stunning views of the surrounding backdrop . Just above is Harvard Westlake School off Coldwater Canyon. The location sis minutes away from the 101 and 405 freeways. Please downland the attachment for the full marketing package.
$1,950,000Size Upon Req.
Spectacular 180 degree, unobstructed view development site. Complete privacy, just minutes from film studios and the finest shopping and dining that Studio City has to offer. The existing house has 5BR/3BA and approximately 2,400 SF. Almost 13,000 SF lot with a 158 foot street frontage. New construction or expansion and 2nd story addition anyone?!
THE LARGEST LOTS IN STUDIO CITY (3.3 ACRES +/-) IS NOW FOR SALE AT ONLY $11.23 PER SQUARE FOOT! A DEVELOPERS DREAM OPPORTUNITY! LOCATED ON LAUREL CANYON BLVD, AT THE INTERSECTION OF DONA PEGITA DR IN THE MULHOLLAND SCENIC PARKWAY (OUTER CORRIDOR). Parcels 2381-006-012 AND 2381-006-013 are included with this listing, for a total of 3.3 acres +/-. Surrounded by million dollar, and up, homes in the highly desired Carpenter Community Charter school district. Close to Fryman Canyon Park, restaurants, shops and school with access to Beverly Hills, Studios and Westside. A significant portion of the property is level and clear of any brush and trees to allow for ease of access through the entire length of the property and to visualize with your dream home(s). The city has zoned the property RE15, meaning (according to the City and Planning Department) that one house can be built for every 15,000 square feet. If all the land is buildable, then up to 9 homes can be built! Buyer is responsible for performing due diligence on discovering the highest and best allowable use for this land.
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$1,750,000Size Upon Req.
Rare assemblage of two lots totaling 12,936 SF. Address are 4531 & 4535 Tujunga Ave. Per the Small Lot Subdivision Ordinance it appears that 4 detached townhouses can be built on each lot for a total of 8 townhouses or small SFR's. Subject to a 45' height limitation each unit would consist of approximately 1,875 SF with two to three levels including ground level private garages. Buyer to verify all development potential. Second property address is 4535 Tujunga Ave. Parcels include APN's: 2365-013-024 & 2365-013-013. Existing structures include one triplex on each lot. Each triplex consists of (1) 2 Bd + 1 Ba and (2) 1 Bd + 1 Ba units. The current total scheduled gross income is $77,952. With market rent potential of $97,200 there is about 25% upside rent potential for existing property. Units rented under the Los Angeles Rent Stabilization Ordinance. All offers to be written for separate parcels. Seller of 4531 Tujunga has a California Broker's license.