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2905 Exposition Place, Los Angeles, CA

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2905 Exposition Place

Los Angeles, CA 90018 - Culver City Submarket

Property Type:Land Parcel Size:2.93 Acres
For Sale Price:For Sale Price/Acre:For Sale Price/SF:-

Proposed Use:MultiFamily

On-Site Improv:Asphalt paved lot

Sale Notes:
As exclusive representative to the Seller, Kennedy Wilson Brokerage Group is pleased to offer for sale the fee simple interest in Exposition Place, the largest single parcel of land on the Expo Line east of Culver City.

Exposition Place is the opportunity to acquire a large owner-user property or development site located one block east of the Crenshaw/Exposition metro station just south of Exposition Boulevard. It has excellent access to the Santa Monica (I-10) Freeway and is in close proximity to shops, restaurants, and other amenities.

It is in the heart of one of the most dense urban populations in the country with over 427,000 people within 3 miles.

The Offering represents an outstanding opportunity to purchase a large parcel of land to retain or develop as a project that will meet pent up market demand for appealing, modern, vertical residential apartment space for a very strong and dense submarket demographic.

As there is a short-term lease on the property, which is cancellable at the Seller’s election, the timeline for development is near-term, which offers a predicable delivery date and commencement of construction of the development.

A Phase II environmental report was performed by Seller that indicated no hazardous conditions exist. In addition, the Seller has filed a request with the City of Los Angeles to rezone the Property from CM to R3, doubling the FAR from 1.5 to 3.

Kennedy-Wilson Properties, Ltd.
Lee Shapiro

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