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- LoopNet Team
10713 Palms Blvd
Los Angeles, CA 90034
Development Site In Prime Palms Location · Land For Sale
·
0.30 AC
INVESTMENT HIGHLIGHTS
- Vacant 12,898 SF Lot Located In A Prime Palms Neighborhood - Just A Short Distance To Downtown Culver City.
- Rare Opportunity For A Developer To Purchase A Vacant R3 Lot In A Prime Palms Location.
- A Buyer Can Potentially Build Up To 42 Units or Could Apply For Increased Density To Build An ED-1 Project.
PROPERTY FACTS
| Property Type | Land | Proposed Use | Multifamily |
| Property Subtype | Residential | Total Lot Size | 0.30 AC |
| Zoning | LAR3 - Multiple Dwelling R3 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.30 AC |
| Zoning | LAR3 - Multiple Dwelling R3 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) |
DESCRIPTION
MAJOR PRICE REDUCTION! PRICE REDUCED $200,000. This vacant 12,898 SF R3 lot located at 10713-10723 Palms Blvd. is a phenomenal development opportunity in a prime Palms / West L.A. neighborhood. The current Owner has plans for a 35 Unit Building- because of AB 1287 and ED 1, a buyer can potentially build up To 42 Units or could apply to build even more units as an ED-1 project. The site is located just a short distance to downtown Culver City – home to numerous major tech and media companies as well as a variety of entertainment destinations. The area has undergone an enormous transformation in recent years with the construction of many new apartment and commercial buildings as well as an influx of major entertainment companies acquiring office space nearby. Tremendous employment growth has taken place within roughly a 1 mile radius including Apple, Amazon Studios, and HBO occupying offices nearby. The lot is also near Sony Studios, Fox Studios, and Century City. Residents enjoy easy access to the Palms Expo Station, the 10 and 405 freeways and the Ivy Station - a mixed-use transit oriented development. The area is also home to superb retail amenities, restaurants, bars, and theatres. In addition, the site is in close proximity to several key job hubs in Culver City, Century City, Santa Monica, and Playa Vista which makes this a compelling location for renters and helps attract a high quality tenant base.
PROPERTY TAXES
| Parcel Number | 4254-026-007 | Improvements Assessment | $0 |
| Land Assessment | $1,046,801 | Total Assessment | $1,046,801 |
PROPERTY TAXES
