1255 S La Cienega Boulevard 4332028012
Los Angeles, CA, 90035
$3,995,000
Beds
0 Baths
SqFt
0.16 Acres
Add
We are excited to present a unique opportunity to acquire a prime 7,019-square-foot parcel of vacant land located at 1255 S La Cienega Blvd, just north of Pico Blvd.This project is ready for immediate construction, as the plans have been fully approved and are RTI (Ready to Issue). The previous structure on the lot has already been demolished, allowing for a swift construction start date. This development will feature medical office space on the ground floor and 30 residential apartment units above, with three units designated for Extremely Low Income (E.L.I.) tenants. Additionally, the project includes a subterranean parking garage, providing ample parking for both residents and commercial tenants.The owner initially intended to occupy the property, which led to a strong focus on keeping construction and maintenance costs low without sacrificing quality. All the apartment units feature 9-foot ceilings, rather than the standard 8-foot ceilings, creating a brighter, more open, and spacious feel. Additionally, the tallest building on La Cienega Blvd is only two stories high, while all apartments in this RTI project start on the third floor and above. This design ensures that almost all units will have unobstructed views, including direct views of the iconic Hollywood Sign, making the property highly desirable.Located in the highly sought-after Pico-Robertson neighborhood, this property provides direct access to the vibrant La Cienega corridor and is just minutes from Beverly Hills. This prime location is ideal for both residential and commercial development. Additionally, the upcoming Metro station at Wilshire and La Cienega will offer convenient public transportation options for tenants and visitors to the medical office.

Property Details

Price:
$3,995,000
MLS #:
24469861
Status:
Active
Baths:
0
Address:
1255 S La Cienega Boulevard 4332028012
Type:
Land
Neighborhood:
c19beverlycentermiraclemile
City:
Los Angeles
Listed Date:
Dec 5, 2024
State:
CA
ZIP:
90035
Lot Size:
7,019 sqft / 0.16 acres (approx)
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Exterior

View
None

Financial

Map

Community

Similar Listings Nearby

1255 S La Cienega Boulevard 4332028012
Los Angeles, CA