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5800 Obama BlvdLos Angeles, CA 90016

170-Unit Apartment Potential, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional redevelopment opportunity presents a 13,529 square foot shopping center situated on a 39,813 square foot lot in Los Angeles, CA (APN 4204-020-244). Located at 5800 Obama Boulevard, this property boasts a prime location within 0.5 miles of the La Cienega/Jefferson Metro station, qualifying for Transit Oriented Community (TOC) Tier 3 bonus density. Currently operating as a multi-tenant retail center, the site offers significant potential for redevelopment into approximately 170 apartment units (buyer to verify). The C4-2D-CPIO zoning allows for a wide range of development options. The property's strategic corner location at a busy intersection, surrounded by major retailers, shops, and restaurants, ensures high visibility and accessibility. Built in 1980, this NNN-leased shopping center presents a unique chance to capitalize on the thriving Culver City market, known for its transformation into a highly desirable residential and commercial area. The property's existing infrastructure and strong location provide a solid foundation for a lucrative redevelopment project. This is a rare opportunity to acquire a significant asset in a rapidly growing area of Los Angeles County.

Highlights

  • Exceptional redevelopment opportunity: 13,529 SF shopping center on a 39,813 SF lot in Los Angeles, CA (APN 4204-020-244).
  • Transit-Oriented Community (TOC) Tier 3 designation, within 0.5 miles of the La Cienega/Jefferson Metro Station.
  • Potential for ±170 apartment units (buyer to verify), with C4-2D-CPIO zoning.
  • High-visibility corner location at a busy intersection, surrounded by major retailers and restaurants.
  • Currently operating as a well-performing multi-tenant retail center anchored by Carl's Jr.

Property Details for 5800 Obama Blvd

Property type
Lifestyle centers, Power centers
Square Feet
13,529 SF
Year Built
1980

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0214581
Longitude
-118.3728588
5800 Obama Blvd, Los Angeles, California

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5800 Obama Blvd
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