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- LoopNet Team
11922-11930 Santa Monica Blvd
Los Angeles, CA 90025
WEST LA DEVELOPMENT SITE - BANKRUPTCY SALE · Land For Sale
·
1.06 AC
INVESTMENT HIGHLIGHTS
- NOW BEING OFFERED AS A BANKRUPTCY FACILITATED SALE
- Qualifies for AB 2334 which the 2023 update allows for unlimited density for Affordable Housing Developers
- Ideal mixed-use development site, allows for apartments and retail (see Property Description for more details on zoning).
- Ideal covered land opportunity. All leases are short term or month-to-month allowing a developer to collect rent in the near term and then vacate.
- Over an acre of land on the major commercial thoroughfare of Santa Monica Blvd connecting Century City and Beverly Hills with the city of Santa Monica
- Apart of a very well established sub-market occupied by tech companies, entertainment companies and production companies.
PROPERTY FACTS
DESCRIPTION
- Lot spans block to block on Santa Monica Boulevard between Brockton Avenue and Armacost Avenue, with approximately 300 feet of frontage on Santa Monica Boulevard. -Immediate area has very strong demographics, one of the most prominent sub-markets on the Westside. -Located on a very well established commercial thoroughfare of office, retail, and restaurants connecting Century City and Beverly Hills with the city of Santa Monica. -This portion of the West Los Angeles sub-market has seen tremendous growth in recent years with several new multifamily developments along Santa Monica Boulevard, and other creative office developments. -Nearby to major tech companies, entertainment companies, and production companies. -The Expo/Bundy rail station for the Metro E Line (Expo Line) is under one mile to the south of the subject property. -Approximately 1 mile from both the 405 Freeway and 10 Freeway.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $6,842,692 | |
| Land Assessment | $21,636,141 | Total Assessment | $28,478,833 |
PROPERTY TAXES
