Listing by: Timothy Macker, Timothy C. Macker Jr.

0 Beds

n/a Full bath

n/a SqFt

Active

"Plans are approved and ready to be pulled. This piece of land creates a rare and tremendous opportunity to develop multi units building in the highly desirable Brentwood neighborhood. This 6,900 SF land with 77 feet frontage on Westgate Ave., has been approved for "by-right" development of a four (4) story, eight (8) units apartment building (To be built to "condo spec") one (1) level of subterranean parking. Permits are ready to be issued (RTI ready). However, recent changes in zoning and/or ordinances (To allow more housing due to housing and affordability housing shortage in Los Angeles), there could be alternative development opportunities this land may be used for, such as 1) After five (5) years of renting the units, the units could be revisited and turned into eight (8) condos with the current parking structure (Buyer is to independently conduct research to verify) OR 2) By making a few adjustments to the plans, the development could be switched to a six (6) condo project, OR New plans could be drawn for seventeen (17) one bedroom apartment building, three (3) of which would have to be allocated for "low income housing" (Buyer is to independently verify). Property is close to UCLA, VA hospital, Westwood Village, shops and restaurants and both the 405 and 10 freeways."

Property Details
Price $2,900,000
Lot Size Area 6900
Lot Size Area Units Square Feet
Acres 0.1584
Property Type Land
View None
Geographic Data
Directions S Westgate Ave between Kiowa Ave and Goshen Ave
County Los Angeles
Latitude 34.048157
Longitude -118.465569
Market Area C06 - Brentwood
Address Information
Address 1115 S Westgate Avenue, Los Angeles, CA 90049
Postal Code 90049
City Los Angeles
State CA
Country United States
Listing Information
Listing Office Timothy C. Macker Jr.
Listing Agent Timothy Macker
Special listing conditions Standard
MLS Information
Days on market 8
MLS Status Active
Listing Date Nov 11, 2024
Listing Last Modified Nov 19, 2024
Tax ID 4265012065
MLS Area C06 - Brentwood
MLS # 24462561

This information is believed to be accurate, but without any warranty.
Menu