1656 Sawtelle Blvd - Residential LAND FOR SALE


Los Angeles, CA 90025- West Los Angeles6,970 SF
$2,995,000 USD
818-212-2748
1656 Sawtelle Blvd, Los Angeles, CA for Sale
$2,995,000 USD
Residential LAND - FOR SALE
1/19
6,970 SF

1656 Sawtelle Blvd
Los Angeles, CA 90025
West Los Angeles


HIGHLIGHTS

  • Located in the heart of Sawtelle's renowned "Little Osaka" district, one of the most vibrant and supply-constrained rental markets on the Westside.
  • The property has already been demolished and cleared, allowing a developer to bypass demolition costs, permitting delays, and site preparation risk.
  • Currently positioned as a Mixed Income Incentive Program (MIIP) project with approximately 38 units and a projected FAR of 4.2:1.
  • Alternative development pathways through AB 1287 and AHIP may support up to approximately 52 units, six stories.
  • Development incentives and AB 2097 may allow construction without on-site parking requirements, improving project efficiency and density.
  • The site is located near UCLA, Century City, Brentwood, Santa Monica, Silicon Beach, and major employment hubs.

OVERVIEW

The LAAA Team is pleased to present 1656 Sawtelle Boulevard, a rare opportunity to acquire a 7,005-square-foot vacant and fully cleared development site in the heart of West Los Angeles' highly desirable Sawtelle ("Little Osaka") corridor. Positioned on a prime commercial stretch of Sawtelle Boulevard, the property offers investors and developers the ability to immediately pursue entitlement and construction without the cost, delay, and uncertainty associated with demolition. The site is currently envisioned as a Mixed Income Incentive Program (MIIP) development accommodating approximately 38 units, with alternative density pathways under AB 1287 and the City's Affordable Housing Incentive Program (AHIP) potentially supporting up to approximately 52 units and six stories of development. Located minutes from UCLA, Brentwood, Century City, Santa Monica, and Silicon Beach, the property benefits from one of Southern California's strongest multifamily demand drivers. The affluent surrounding demographics, walkable retail environment, and proximity to major employment centers create a compelling foundation for future rental housing development. Adding further value, the property was previously advanced to Ready-to-Issue (RTI) plans for a 33-unit project, providing a potential opportunity to accelerate development timelines while preserving the flexibility to pursue larger density programs.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/ACRE

$18,718,750/AC

PRICE/SF

$430 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Vacant Cleared Land | Prime West LA

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

0.16 AC

LAND SF

6,970 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

C2-1VL

APN/PARCEL ID

4261-008-013

ASK ABOUT THIS PROPERTY

Filip NiculeteMarcus & MillichapMore Info
818-212-2748

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Filip NiculeteMarcus & MillichapMore Info
818-212-2748

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.