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Property Description

We are proud to exclusively present for sale a Development Opportunity in the heart of Brentwood, widely considered to be one of LA’s premier neighborhoods. Situated on Westgate Ave. between Kiowa Ave. and Goshen Ave., this 6,902 SF [Q] R3-1 lot has 77.5 feet of frontage. The property is currently a vacant double lot not subject to RSO, not requiring any relocation of tenants nor Ellis’ing. While this vacant lot is RTI for an 8 Unit Luxury Apartment Building, a savvy Developer may prefer to build a bigger project maximizing the buildable units with a Density Bonus and designing the new building for future Additional Dwelling Units. A Density Bonus for this lot can potentially result in 13 Residential Units and 3 future ADUs. Brentwood’s extremely desirable location in the Westside places this property between Westwood and Santa Monica. Future tenants will be surrounded by a multitude of restaurants, a happening nightlife, and all sorts of shopping that could be desired. Walk Score designates this location as Very Walkable, meaning most errands can be accomplished without a car. And the property’s location also means that with the proximity to the 405 and 10 freeways, future residents will have easy access to the Greater Los Angeles area. The Average Household Income within a 1 mile radius is over $129,000! The surrounding area’s high incomes tends to translate to a large pool of future residents and a quick lease-up. Come design and build the jewel in your portfolio! Listing includes two APNs: 4265-012-064 and 4265-012-065.

Features
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Address Map
US
CA
Los Angeles
Los Angeles
90049
Westgate
1115
Avenue
S
Between San Vicente Blvd. and Wilshire Blvd. Between Barrington Ave. and Bundy Dr.
W119° 56' 14.5''
N33° 52' 49.4''
C06 - Brentwood
MLS Addon
22181443
4265010000
8
Almog
01884474
Strikowski
Keller Williams Beverly Hills
Keller Williams Beverly Hills
Svidler
Dario
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0
$0
$0
$0
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0 Sqft
Standard

LAND FOR SALE Price $3,800,000 Westgate Avenue Los Angeles Land

1115 Westgate Avenue, Los Angeles, California 90049

0.16 Acre
$3,800,000 ($5,016 Rebate)
Listing ID #22181443
Basic Details
Property Type : Land
Listing Type : For Sale
Price : $3,800,000 ($5,016 Rebate)
Price Per Square Foot : $551 ($1 Rebate)
Lot Area : 0.16 Acre
StandardStatus : Active
Zoning : QR3-1
LotSizeSquareFeet : 6,902 Sqft
Building Area Total : 0 Sqft
Agent info
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US Broker Services Inc. is not a government agency. An Equal Opportunity Housing brokerage. All data, including all measurements and calculations of area, is obtained from various sources and has not been verified. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DRE #01989982

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