Land For Sale • 0.23 AC
Prime Development Opportunity in Coveted Pico-Robertson. An exceptional opportunity to acquire a fully entitled development project featuring 29 apartment units and 6 individual ADUs in one of Los Angeles’ most sought-after rental markets Pico-Robertson. Situated on a 9,800 sqft lot, the property currently includes an older, vacant 8-unit apartment building and will be delivered RTI (Ready-to-Issue) at closing, complete with demolition permits. Approved architectural plans call for a modern 5-story building with a one level subterranean parking garage and an 800 sqft rooftop deck. The total proposed building size is approximately 27,330 sqft. Located in a vibrant, walkable, and diverse residential neighborhood, this site offers excellent proximity to Beverly Hills, Century City, Rancho Park, and Culver City. The surrounding area features a mix of single-family homes and low-rise apartment buildings, making it an ideal location for multifamily development. A premier investment opportunity, ready for immediate construction
| Positioned just south of Pico Boulevard and west of La Cienega, the site offers seamless access to the 10 Freeway and is minutes from Beverly Hills. |
| The surrounding area is a dynamic blend of residential charm and urban convenience, with boutique retail, kosher markets, and cafés steps away. |
| The lot is zoned [Q]R3-1-O and falls within the Wilshire Community Plan Area. The project includes 19 parking spaces and a rooftop amenity space. |
| This entitled project includes plans for a five-story, 29-unit multifamily building with six additional ADUs, offering 35 total residential units. |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Los Angeles International | 18 min | - | 8.9 mi |
| Bob Hope | 30 min | - | 14.1 mi |
| Long Beach (Daugherty Field) | 36 min | - | 25.4 mi |