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1111 W Sunset Blvd
Los Angeles, CA 90012

7.7 Acres | Entitled Land on Sunset Blvd · Land For Sale · 7.70 AC

Investment Highlights

  • PROPERTY WEBSITE: https://1111sunsetboulevard.berkadiarea.com/
  • One-of-a-Kind High-Rise Development with Unobstructed Views (up to 4 towers or 17 airspace parcels effectively allowing for each to be independent)
  • Amazing, Highly Visible Sunset Boulevard Location; Nexus between Silver Lake, Echo Park and DTLA
  • Opportunity to Create a 7.7 Acre Master Planned Community of Over 1,000 Units, including Luxury Shopping, Dining, Retail, Office, and Entertainment
  • Letter of Determination dated March 29, 2022; CEQA appeal period expired
  • Unique Park-like Residential Atmosphere Offering More Open Space than Any of its Competitors; Unsurpassed Access to Lifestyle, Jobs and Entertainment

PROPERTY FACTS

Property Type Land
Property Subtype Residential
Total Lot Size 7.70 AC

Description

1111 Sunset Boulevard is a once-in-a-lifetime opportunity to purchase 6.19 acres of entitled land on world renowned Sunset Boulevard. Plus, the opportunity to purchase an additional 1.5 acres of land across the street, in the heart of Los Angeles. The Letter of Determination (“LOD”) dated March 29, 2022 and EIR are available on the City website (Zimas.LACity.org). In sum, a developer could create a 7.7 acre master planned community of over 1,000 units, including luxury shopping, dining, retail, office, and entertainment. A. The 6 Acres on Sunset include a Letter of Determination for: (1) 827 units. All units condo mapped, creating an opportunity to optimize a mix of for-rent apartments and for-sale condos. Project to include 76 on-site affordable units; (2) 95k sf of commercial space (including a neighborhood grocery store); and (3) 48k sf of high-end office. B. Plus 1.5 acres across the street, which is currently improved with the Metropolitan Water District Parking Structure (“MWD Structure”) at 1030 Alpine Street. The MWD structure offers 391 parking spaces in its current configuration; however, with new striping and parking technologies the structure could allow for significantly more parking. Moreover, there is the potential for the development of a fourth residential tower with up to 193 units (or even up to 382 units) that can be built on top of the existing MWD structure. There is also the potential to convert part of the ground floor of the existing MWD Structure into retail to create a neighborhood scale main street on Alpine Street. The project is majestically set on a hilltop above downtown Los Angeles and will feature unobstructed views of the breathtaking Downtown LA skyline starting on the second floor. Only one level of subterranean parking is required. For more information, please go to: https://1111sunsetboulevard.berkadiarea.com/

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 5406-020-002
  • 5406-020-003
Land Assessment
$37,178,539
Improvements Assessment
$20,310,370
Total Assessment
$57,488,909

zoning

Zoning Code LAC2
LAC2
  • Listing ID: 26100358

  • Date on Market: 7/6/2022

  • Last Updated:

  • Address: 1111 W Sunset Blvd, Los Angeles, CA 90012

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