1656 Sawtelle BlvdLos Angeles, CA 90025

Property Details for 1656 Sawtelle Blvd

Property type

Land

Description

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.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0458

Longitude

-118.447

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