Los Angeles, CA 90035,1255 S La Cienega Blvd
Los Angeles, CA 90035,1255 S La Cienega Blvd
Los Angeles, CA 90035,1255 S La Cienega Blvd
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Shawn Kormondy

Shawn Kormondy

Realtor

+1(323) 638-7567
$3,995,000
Est. payment /mo
7,019 Sqft Lot
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UPDATED:

12/13/2024 07:01 AM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 24-469861

Lot Size 7,019 Sqft

Acres 0.1476

Property Description

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.

Location

State CA

County Los Angeles

Area Beverly Center-Miracle Mile

Zoning LAC2

Exterior

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Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Marcus & Millichap

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agent

Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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