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11980 Santa Monica Blvd
Los Angeles, CA 90025

Retail Property For Sale

Restaurants California Los Angeles 11980 Santa Monica Blvd, Los Angeles, CA 90025

Investment Highlights

  • Prime West LA location just east of Bundy Dr.
  • Build 59 units. (42 by right + 17 bonus units). 9 units at restricted rent.
  • Building regulations provide different options to increase density. Tenant, Guido’s, mo-to-mo.
  • Double lot with alleys on two sides.
  • Unentitled. 22,774 sq. ft. building envelope.
  • First time on the market in 60 years.

Executive Summary

Development site. Prime West LA. Build 59 units, with 9 restricted rent. C2, double lot with alleys on two sides. Unentitled, current restaurant tenant mo-to-mo. First time on the market in 50 years. Irreplaceable location.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,800 SF
Building Class
C
Year Built
1964
Price
$8,500,000
Price Per SF
$1,771
Percent Leased
100%
Building Height
1 Story
Building FAR
0.32
Lot Size
0.35 AC
Zoning
LAC2

PROPERTY TAXES

Parcel Number 4263-035-030 Improvements Assessment $120,050
Land Assessment $310,052 Total Assessment $430,102

PROPERTY TAXES

Parcel Number
4263-035-030
Land Assessment
$310,052
Improvements Assessment
$120,050
Total Assessment
$430,102
 

  • Listing ID: 28963226

  • Date on Market: 7/10/2023

  • Last Updated:

  • Address: 11980 Santa Monica Blvd, Los Angeles, CA 90025

More public record information on 11980 Santa Monica Blvd, Los Angeles, CA 90025

The Retail Property at 11980 Santa Monica Blvd, Los Angeles, CA 90025 is currently available for sale. Contact Tierra Properties Realtors for more information.

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