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8521 Horner St
Los Angeles, CA 90035 Pico-Robertson

$2,995,000 USD

Land For Sale  •  0.23 AC

Property Details

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

Highlights

8521 Horner Street presents an outstanding, 35-unit RTI multifamily development opportunity in the heart of West LA’s Pico-Robertson neighborhood.
Approved plans comprise a five-story development with a flexible unit mix and one floor of subterranean parking and bike storage.
Includes six very low-income units for an attractive affordability component while preserving a strong market-rate rental profile.
Central location with easy access to major employment and lifestyle centers like Beverly Hills, Century City, West Hollywood, Culver City, and DTLA.
Appealing 2-mile demographics include over 163,000 residents with an average household income of $137,273 and annual spending of over $2.4 billion.
Within a high-demand rental submarket, with multifamily vacancies sitting at just 5.6% and long-term annual rent growth averaging 2.2%.

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
Jordan Petito 424-363-8007 KW Commercial Beverly Hills
Jordan Petito 424-363-8007 KW Commercial Beverly Hills