3801 La Cienega Blvd - Residential LAND FOR SALE


Culver City, CA 90232- Blair Hills97,574 SF
$12,000,000 USD
949-419-3205
3801 La Cienega Blvd, Culver City, CA for Sale
$12,000,000 USD
Residential LAND - FOR SALE
1/10
97,574 SF

3801 La Cienega Blvd
Culver City, CA 90232
Blair Hills


HIGHLIGHTS

  • ±2.24-Acre Residential Development Site in a Prime Culver City Location
  • Zoning is PD-14 (Planned District)
  • General Plan Land Use is Medium Density Multifamily (Up to 50 du/acre)
  • Culver City Ordinance No. 2016-007 allows for the Development of a 90-unit/100-bed Senior Care Facility on the Site
  • ±1.02 Acres of the Site is Located within an Earthquake Fault Zone (No Build Area
  • ±1.22 Acres of the Site is Located Outside of the Fault Zone is Fully Developable Land

OVERVIEW

Marcus & Millichap is pleased to offer for sale the property located at 3801 S. La Cienega Blvd. in Culver City, California (APN #4204-010-137). This site consists of an approximately 2.24-acre irregularly shaped parcel of land in the very desirable Blair Hills neighborhood. The surrounding area consists of multi-million dollar homes to the west and south, multi-family residential buildings to the north, and La Cienega Boulevard to the east. There are currently several older structures on the property but the site is largely vacant. The topography is generally sloping to the northeast with approximately 10 feet of vertical relief across the property. All utilities are located on the west edge of the site at the terminus of the Marcia Court cul-de-sac. Primary access to this site is on the west side from Lenawee Ave through Marcia Court. Zoning on the site is PD-14 (Planned District 14) and the General Plan Land Use designation is Medium Density Multifamily which allows for a maximum residential density of 50 du/acre. Culver City Ordinance No. 2016-007 was approved and adopted by the city in August 2016 for the development of Planned District 14. The entirety of the PD-14 planning area encompasses 4.35 acres and consists of one existing SFR, eight new SFRs and the subject property which was set aside for the development of a 90-unit/110-bed senior citizen residential care facility for assisted living and memory care. The northeast corner of the property falls within a State-designated Alquist-Priolo Earthquake Fault Zone. A geotechnical investigation was conducted in 2015 with results that indicated that active faulting and soil displacement is present in the northeastern portion of the site and a building setback was recommended to prevent the construction of habitable structures over areas of potential surface fault rupture. A geologic-seismic investigation done in 1977 (Scullin Report) concluded that no active faults traversed the site and the risk of ground rupture was considered low to moderate. The amount of land impacted by the fault zone is approximately 44,356 square feet (1.02 acres). This particular part of the site cannot be built on but could be used for parking and site amenities. The remaining buildable area of this site would be approximately 53,118 square feet (1.22 acres).

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/ACRE

$5,357,143/AC

PRICE/SF

$123 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

±2.24-Acre Residential Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo, Apartment Units - Senior

LAND ACRES

2.24 AC

LAND SF

97,574 SF

OFFSITE IMPROVEMENTS

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

ZONING

PD-14

APN/PARCEL ID

4204-010-137

ASK ABOUT THIS PROPERTY

Matthew WenzelMarcus & MillichapMore Info
949-419-3205

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Matthew WenzelMarcus & MillichapMore Info
949-419-3205

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