1255 S La Cienega Boulevard, Los Angeles, CA 90035
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Listed Price :
$3,995,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
1255 S La Cienega Boulevard |
| City |
Los Angeles |
| State |
CA |
| Zip |
90035 |
| County |
Los Angeles |
| Listing Agent |
Filip Niculete DRE #01905352 |
| Co-Listing Agent |
Sevak Keshishian DRE #01887505 |
| Courtesy Of |
Marcus & Millichap |
| List Price |
$3,995,000 |
| Status |
Active |
| Type |
Land |
| Structure Size |
N/A |
| Lot Size |
7,019 |
Listing information courtesy of: Filip Niculete, Sevak Keshishian, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 13th, 2024 at 7:23 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
