2499 Sawtelle Boulevard Los Angeles, CA 90064
Great opportunity to live in one house while renting out the other house. Also a good candidate for development. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). ED1 Eligible. This is a premier development opportunity located in a thriving area of Los Angeles. Zoned R3-1 and designated as a TOC Tier 3 site, this property offers substantial incentives for increased density and reduced parking requirements. With a generous lot size and significant allowable floor area, this parcel is ideal for developers aiming to create a high-density, multifamily residential project. Key features include a generous buildable area. The property spans 7, 414 sq. ft. with a buildable square footage of 22, 242 sq. ft., offering ample space for a substantial development. Optimized density and parking efficiency may benefit builder by offering up to a 70% increase in allowable density and a 50% reduction in parking requirements, enhancing the project's feasibility and profitability. Situated in a vibrant and accessible part of Los Angeles, this property is ideally positioned to attract residents. Its strategic location offers easy access to major transportation routes and urban amenities, ensuring strong demand and sustained growth potential. All information here is deemed reliable but not guaranteed. Buyer and buyers agent should perform their own investigation in order to confirm the accuracy of the information including but not limited to lot size, zoning, building requirements and restrictions. One unit may be delivered vacant at close of escrow. call listing agent for information regarding current rent roll. The remaining tenant will remain after close of escrow. Call listing agent for more information regarding the current rent roll. Showings will be scheduled by appointment with accepted offer subject to interior inspection.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site48 Days
- MLS StatusActive
- MLS ID Number24415467
- Home Size Source N/A
- Year Built1951
- Lot Size0.1702 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Driveway
- Parking Spaces 2
- Number of Stories 10
- Acreage 0.1702
- Zoning LAR3
- Listing Conditions Standard
Interior Features
- Cooling None
- Heating Wall Furnace
- Appliances Refrigerator
Community Features
- Senior Community No
- MLS Area WLA - West Los Angeles