1676 Manning Ave - 1676-1686 Manning Avenue
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1676 Manning Ave - 1676-1686 Manning Avenue
0.49 Acres of Residential Land Offered at $10,000,000 in Los Angeles, CA 90024
INVESTMENT HIGHLIGHTS
- Build up to Maximum Base Density: 27 units and 21, 600 sq. ft. Building Area
- Less than 1.2 miles to Westwood Village, UCLA/UCLA Medical Center & the Wilshire Corridor “Golden Mile”; less than 1.7 miles to Century City
- 2 blocks to Santa Monica Blvd; 1.1 miles to Interstate (405) Freeway; and 1.2 miles to the Metro Purple (D Line) Westwood/UCLA station
- On Menu and Off Menu Density Bonuses: Contact the LA City Planning Department for additional information
- 5 miles to Ocean Front Walk, Santa Monica; 9.1 miles to Los Angeles International Airport; and 11.2 miles to Downtown Los Angeles
- Average Household Income: $187,169 within 1 mile and $ 157,659 within 3 miles
EXECUTIVE SUMMARY
Marcus and Millichap REIS as the exclusive agent is pleased to present 1676, 1680 & 1682 and 1686 Manning Avenue, Los Angeles, CA a multi-family development opportunity of three (3) contiguous but separate parcels totaling approximately 22,221 sq. ft. -or- 0.49 acres.
Currently, 1676 Manning Avenue is a 2-story multi-family apartment building with seven (7) units, four (4) enclosed tucked under parking garages and four (4) additional on-site parking spaces. 1680 & 1682 Manning Avenue is a Du-Plex multi-family apartment building with a separate two (2) car garage structure and three (3) additional tandem on-site parking spaces. 1686 Manning Avenue is a 2-story multi-family apartment building with f ive (5) units, four (4) tucked under parking spaces and four (4) additional on-site parking spaces.
The property is in the southern part of the Westwood community of Los Angeles, CA. and centrally located between the commercial core of Century City, Westwood Village/UCLA Campus, and the Wilshire Corridor “Golden Mile” high-rise district and tucked between the ultra-popular cities of Beverly Hills and Santa Monica.
Currently, 1676 Manning Avenue is a 2-story multi-family apartment building with seven (7) units, four (4) enclosed tucked under parking garages and four (4) additional on-site parking spaces. 1680 & 1682 Manning Avenue is a Du-Plex multi-family apartment building with a separate two (2) car garage structure and three (3) additional tandem on-site parking spaces. 1686 Manning Avenue is a 2-story multi-family apartment building with f ive (5) units, four (4) tucked under parking spaces and four (4) additional on-site parking spaces.
The property is in the southern part of the Westwood community of Los Angeles, CA. and centrally located between the commercial core of Century City, Westwood Village/UCLA Campus, and the Wilshire Corridor “Golden Mile” high-rise district and tucked between the ultra-popular cities of Beverly Hills and Santa Monica.
PROPERTY FACTS
| Price | $10,000,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.49 AC |
| Price | $10,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.49 AC |
1 LOT AVAILABLE
Lot 3
| Price | $10,000,000 | Lot Size | 0.49 AC |
| Price Per AC | $20,526,841.92 |
| Price | $10,000,000 |
| Price Per AC | $20,526,841.92 |
| Lot Size | 0.49 AC |
3 parcels totaling 21,221sf/.49AC centrally located in the Westwood community of Los Angeles.
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Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,328,930 | |
| Land Assessment | $1,575,072 | Total Assessment | $2,904,002 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,575,072
Improvements Assessment
$1,328,930
Total Assessment
$2,904,002
ZONING
| Zoning Code | R3 |
| R3 |
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1676 Manning Ave - 1676-1686 Manning Avenue
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