1656 Sawtelle Blvd Los Angeles, CA 90025

This exceptional 7,005 square foot lot in West Los Angeles, located at 1656 Sawtelle Blvd, is zoned C2-1VL and presents a turnkey development opportunity. Demolition is complete, and the site is fully approved and ready to issue (RTI) for the construction of a 33-unit apartment building with a 24,804 square foot gross building area. The approved plans include a mix of 21 one-bedroom/one-bath and 12 two-bedroom/one-bath units, with four designated for very low-income tenants. This project offers a unique advantage by bypassing SB330 regulations. Situated in the vibrant Sawtelle neighborhood, known for its "Little Osaka" district and diverse culinary scene, this location boasts a 95 Walk Score and excellent access to major freeways like the 405 and Santa Monica Boulevard. The property's asking price is $3,600,000, translating to a land value of $513.92 per square foot. This presents a compelling investment opportunity in a high-demand area with low vacancy rates. The site's prime location and approved plans make it ideal for immediate construction, offering a swift path to a significant return on investment. The Los Angeles County Assessor's Parcel Number (APN) is 4261-008-013.