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8521 Horner St
Los Angeles, CA 90035 Pico-Robertson

$3,950,000 USD

Land For Sale  •  0.23 AC

Property Details

  • Property Type Land
  • Lot Size 0.22 AC
  • Zoning [Q]R3-1-O
52 Transit Score
86 Walk Score

Description

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

Highlights

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.

Public Transportation

AirportDriveWalkDistance
Los Angeles International 18 min - 8.9 mi
Bob Hope 30 min - 14.1 mi
Long Beach (Daugherty Field) 36 min - 25.4 mi
T.C. Macker 310-966-4352 Rodeo Realty Inc
T.C. Macker 310-966-4352 Rodeo Realty Inc