Skip To Content

1115 S Westgate Ave

Los Angeles, CA 90049
  • $3,800,000
  • STATUS: Active
  • ON SITE: 64 Days
  • ID#: 22-181443
UPDATED: 45 min ago
$3,800,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

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.

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-09-24T12:43:02.63. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.realestatetoolbox.com/homes/131129520
Print Image

1115 S Westgate Ave Los Angeles, CA 90049

  • Price: $3,800,000
  • Status: Active
  • On Site: 64 Days
  • Updated: 45 min ago
  • ID#: 22-181443
0
Beds
0
Baths
0
½ Baths
0.06
Acres
Neighborhood:
Brentwood
County:
Los Angeles
Area:
Brentwood
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.
Exterior Features

Lot Size Area 6902 View Description Other View YN Yes

Property Features

Cable YN Yes Potential Usage 8 Unit Rti Project. Or Potential For 13 Units + 3 Adus. Present Use Vacant Lot Sale Type Standard Source Lot Size Area Assessor Zoning Qr3-1

Listing provided courtesy of Dario Svidler DRE#01884474 of Keller Williams Beverly Hills: 310-432-6400.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-09-24T12:43:02.63. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-181443-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-181443-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-181443-2.jpg
Logo
Real Estate Toolbox | Pinnacle Estate Properties, inc
1855 E. Cochran St Ste 104
Simi Valley CA, 93065-2266