1656 Sawtelle Blvd, Los Angeles, California, United States | Residential Land For Sale at GLOBAL LISTINGS

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Residential Land For Sale

$4,375,000

1656 Sawtelle Blvd
Los Angeles, California, United States

Listed By: Realtyww Info

Listed On: 06/16/2023

Listing ID: GL10054094 View More Details

Description

Fully approved, RTI (ready to issue permits) for thirty-three (33) units in a highly desirable Sawtelle location. With the demo complete, this allows a developer to start immediate construction on a premier building in an A+ neighborhood. This is an amazing opportunity to skip SB330 and build 33 units on a valuable street in the center of one of the hottest sub-markets in Los Angeles, which is experiencing constant growth and one of the county's lowest vacancy rates. Located steps away from a Target, an incoming Whole Foods, office buildings, multiple restaurants and stores in the vibrant Sawtelle neighborhood. Opportunity to have a gross yearly income of +$1, 200, 000 once stabilized. The 33 units are comprised of 21 1-BR, and 12 2-BR units. Buyer to verify reducing parking requirements.

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Listed by: Dimora Realty Group, Inc.