3077 Cahuenga Blvd W - Entitled for 122 Affordable Units

Matthew Luchs with Zacuto Group is exclusively marketing the sale of a prime property located at 3077 Cahuenga Blvd W. This opportunity features a 5,556 square foot autobody shop situated on a 24,614 square foot lot, which is zoned C2. The property is particularly appealing to both investors and owner-users due to its versatile potential.
Currently, the property is leased to an autobody shop on a month-to-month basis, offering immediate income potential. For owner-users, this presents a unique opportunity to acquire a well-located, operational facility while benefiting from an existing income stream. This setup allows for flexibility in transitioning to ownership or expanding business operations without the immediate pressure of finding a new tenant.
In addition to its current use, the property is fully entitled for the development of 122 residential units under the ED1 program. This Los Angeles initiative is designed to expedite approvals and provide incentives for 100% affordable housing projects. The ED1 program offers substantial advantages, including unlimited density, increased height, and flexible floor area ratio (FAR) requirements, along with multiple development incentives that streamline the process. This makes the property especially attractive for developers aiming to quickly deliver affordable housing solutions, while also presenting an excellent option for owner-users interested in future redevelopment or expansion.
The property also generates additional revenue through an on-site billboard and includes a traffic tracker, enhancing its investment appeal. Its high visibility and strategic location in the Studio City submarket, known for its limited supply and constrained market conditions, further underscore its value.
With its existing income stream, development potential under the ED1 program, and attractive location, this asset presents a compelling opportunity for both investors and owner-users.