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.
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0.16ACRES
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01/2 BATHS
School Ratings & Info
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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-12T00:29:53.897. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.