DEVELOPMENT OPPORTUNITY: We have a vacant lot for sale near Carthay square, the lot has APPROVED PLANS and entitlement to construct a 7-story mixed use building with 30 residential units (5-3beds/2bath, 10-2beds/2bath, 15-1bed/1bath, with 3 E.L.I units), has commercial medical office space on the first floor, with basement and 2 levels of parking, and a rooftop terrace. We have architectural, structural, grading, survey, landscape, and MEP plans stamped and ready, and plans have been approved by the city building department, LA county fire, public works, accessibility department, and permits are ready to issue (R.T.I). All utilities are on site or have a nearby connection.
The deal will include the land and all approved plans and entitlements. We are ideally searching for an experienced developer who can construct the building.
-RTI Ready for Immediate Construction
-Site is clear and ready for grading.
-Unobstructed views starting on 3rd floor, including direct views of the Hollywood Sign
-Tallest structure on La Cienega Blvd in the immediate area
-Walking distance to upcoming Metro Purple Line station at Wilshire & La Cienega
-Minutes from Beverly Hills, West Hollywood, and Cedars-Sinai
-Situated in a high-demand rental market with strong demographics
-Ideal for developers targeting market-rate and affordable housing blend