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$2,100,000
Est. payment /mo
6,895 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26796931
HOA Y/N No
Lot Size 6,895 Sqft
Lot Dimensions Assessor
Property Description
The offering is a rare, fully vacant development opportunity in Prime West Los Angeles, strategically located between Westwood and Century City one of the most supply-constrained and high-demand rental corridors on the Westside. First time the property has ever been on the market! The property will be delivered fully vacant and demolished at Close of Escrow, allowing a developer to immediately execute on a high-density project with no tenant relocation risk. Positioned on a rare corner lot, the property is Senate Bill 8 exempt, making it one of only 23 such sites in West Los Angeles where no replacement (Low income) units are required, a significant advantage that reduces cost, complexity, and timeline. The site is also eligible for the CHIP (Citywide Housing Incentive Program) under TOIA Tier 2, allowing for up to 100% density bonus, 22 feet of additional height, and a 50% increase in FAR. A developer can build up to 18 units utilizing incentives, or 9 units by-right with no replacement units, offering flexibility to pursue either a high-density multifamily project or a boutique luxury development. With its AAA+ location, rare zoning advantages, and clean delivery at close, 1833 Overland Ave represents a premier Westside development opportunity with exceptional long-term upside. ***All development potential, zoning, and incentive programs referenced herein are subject to Buyer verification with the Los Angeles Department of Building and Safety.
Location
State CA
County Los Angeles
Area C05 - Westwood - Century City
Zoning LAR3
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
New Construction No
Others
Senior Community No
Tax ID 4321004011
Special Listing Condition Standard
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Listed by Michael Monempour Lyon Stahl Investment Real Estate, Inc. #01996829
Nearby Locations
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TNG Real Estate Consultants
Agent | License ID: 01886242
Agent License ID: 01886242