1851 S Barrington Ave — Sale in Los Angeles, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Commercial Land
- Location: Los Angeles, CA 90025
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Description
Marcus and Millichap is pleased to present a 6,492 SF development site located at 1851 S Barrington Ave in Los Angeles, California. The single lot is located in a prime West Los Angeles location, south of Santa Monica Boulevard and west of Sawtelle Boulevard. Positioned in prime West Los Angeles, this prime offering consists of a 6,492-square-foot LARD1.5-zoned lot with a five-unit bungalow-style property comprising of four (4) studio units and one (1) one-bedroom unit. The site offers a compelling ED1 redevelopment opportunity, supported by Seller-provided plans for 23 units that may potentially be reconfigured to accommodate up to 35-40 units of 100% affordable housing. The property benefits from convenient access to Santa Monica, Olympic, and Sawtelle boulevards, as well as the 405 and 10 freeways. Nearby amenities include Stoner Park, the Expo/Bundy Metro E Line station, and Sawtelle Japantown’s vibrant collection of restaurants and shops, along with numerous retailers, fitness centers, cafés, and entertainment destinations. Overall, the property presents a compelling redevelopment opportunity with the possibility to reconfigure designs to build up to 35-40 units via ED1 in a prime West Los Angeles location, all while generating existing income as entitlements are being finalized. Investment Highlights: • Prime West LA Location • Existing 5-Unit Structure Totaling 1,980 SF— Four (4) Studios and One (1) One-Bedroom Unit • Ideal ED1 Development • Seller Has Designs for 100% Affordable Housing with 23 Units (With Possibility to be Reconfigured to 35-40 Units Via ED1) • Bungalow-Style Units
Market Context
This land in Los Angeles, CA is listed for sale. Compare it against other land listings for sale in Los Angeles, CA — view the full market.
Contact
- Jason Tuvia · (818) 212-2735 · jason.tuvia@marcusmillichap.com
- Carter Kruse · (949) 419-3261 · carter.kruse@marcusmillichap.com
- Sharone Sabar · (818) 212-2714 · sharone.sabar@marcusmillichap.com
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