Property Detail

Description

Prime Development Opportunity in Coveted Pico-Robertson. An exceptional opportunity to acquire a fully entitled development project featuring 29 apartment units and 6 individual ADUs in one of Los Angeles' most sought-after rental markets Pico-Robertson. Situated on a 9,800 sq ft lot, the property currently includes an older, vacant 8-unit apartment building and will be delivered RTI (Ready-to-Issue) at closing, complete with demolition permits. Approved architectural plans call for a modern 5-story building with a one level subterranean parking garage and an 800 sq ft rooftop deck. The total proposed building size is approximately 27,330 sq ft. Located in a vibrant, walkable, and diverse residential neighborhood, this site offers excellent proximity to Beverly Hills, Century City, Rancho Park, and Culver City. The surrounding area features a mix of single-family homes and low-rise apartment buildings, making it an ideal location for multifamily development. A premier investment opportunity, ready for immediate construction.