4631 Beverly Boulevard, Los Angeles, CA 90004
-
Listed Price :
$5,995,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1935
Property Description
We are excited to present to you this once in a generation opportunity to acquire and redevelop a 3-lot assemblage spanning 0.48 acres of land (21,000 square feet) zoned LAC2. In the highly sought-after Greater-Wilshire neighborhood, the sites are located at 4623-4631 Beverly Blvd. These lots have been under the same family’s ownership for more than 50 years, signifying the rare opportunity available to developers. The current structures are vacant and have been vacant for more than 3 years, there will be no housing replacement requirements due to the structures that will be demolished.
Additionally, due to the central location and the impressive 97 walk score, the sites are given Tier 3 status of the Transit Oriented Communities (TOC) incentive program, further increasing the development potential. Developers can build up to 91 units with a building envelope of 73,121 square feet on the sites. Using the TOC incentives to achieve this unit count and building envelope comes with a requirement of at least 10% of the units being set aside for low-income families. That equates to a minimum of 9 affordable housing units when building the maximum 91 units, leaving 82 market-rate units without any rent control limitations.
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
4631 Beverly Boulevard |
| City |
Los Angeles |
| State |
CA |
| Zip |
90004 |
| County |
Los Angeles |
| Listing Agent |
Ray Akbari DRE #01447600 |
| Co-Listing Agent |
Cyrus Ahmadi DRE #01098856 |
| Courtesy Of |
The Agency |
| List Price |
$5,995,000 |
| Status |
Active |
| Type |
Commercial |
| Subtype |
Business |
| Structure Size |
N/A |
| Lot Size |
20,997 |
| Year Built |
1935 |
Listing information courtesy of: Ray Akbari, Cyrus Ahmadi, The Agency. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 22nd, 2025 at 3:17 AM 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.
