Listing banner image
  • Price
    $78,816Price
  • Price/SF
    $428Price/SF
  • Entitlements
    No (Unentitled)Entitlements
  • Zoning
    C2-1VL, MIIP / AHIP, AB 2097Zoning
  • Acres
    ~0.16 acAcres
  • Property Type
    Land/DevelopmentProperty Type

Description

The LAAA Team of Marcus & Millichap is pleased to present 1656 Sawtelle Boulevard, a vacant, cleared infill parcel in the heart of West LA's Sawtelle (Little Osaka) corridor. Prior structures are already demolished, so a buyer moves straight into design and entitlement. The site is positioned as a MIIP mixed-income development for roughly 38 units, with the AB 1287 State Density Bonus and AHIP pathways scaling to about 52 units and six stories. A previous 33-unit plan has expired, though some of its reports can be reused.

•Vacant and Cleared: Prior structures are already demolished, so a buyer avoids tear-down cost and timeline and moves straight into design and entitlement.

•Flexible Density: Positioned as a MIIP mixed-income project at roughly 38 units, with the AB 1287 State Density Bonus and AHIP pathways scaling to about 52 units and six stories at maximum density.

•Reusable Prior Reports: A previous 33-unit plan has expired, but some of its reports and studies can be reused, preserving the option to pursue the larger MIIP or AHIP density.

•Prime Little Osaka Frontage: High-visibility frontage on Sawtelle Boulevard in the heart of the Little Osaka dining and retail district, one of West LA's most active corridors.

•Supply-Constrained West LA: One of the lowest-vacancy submarkets in Los Angeles, with sustained rental demand from UCLA, the Westside job base, and persistent infill land scarcity.

•No Parking, Strong Access: No parking required under AB 2097, with immediate access to Santa Monica Boulevard and close proximity to the 405 Freeway.

Documents

Offering Summary

  • Asking Price
    $2,995,000
  • Price PSF
    $428
  • Price/Unit
    $78,816
  • Property Type
    Land/Development
  • Total Acres
    ~0.16 ac

Documents

Property Address

1656 Sawtelle Blvd
Los Angeles, CA 90025

Property Details

  • Property Type
    Land/Development
  • Entitlements
    No (Unentitled)
  • Zoning
    C2-1VL, MIIP / AHIP, AB 2097
  • APN
    4261-008-013

Property Details

  • Property Type
    Land/Development
  • Entitlements
    No (Unentitled)
  • Zoning
    C2-1VL, MIIP / AHIP, AB 2097
  • APN
    4261-008-013

Deal Team

Filip Niculete profile image

Filip Niculete

LA Apartment Advisors

Description

The LAAA Team of Marcus & Millichap is pleased to present 1656 Sawtelle Boulevard, a vacant, cleared infill parcel in the heart of West LA's Sawtelle (Little Osaka) corridor. Prior structures are already demolished, so a buyer moves straight into design and entitlement. The site is positioned as a MIIP mixed-income development for roughly 38 units, with the AB 1287 State Density Bonus and AHIP pathways scaling to about 52 units and six stories. A previous 33-unit plan has expired, though some of its reports can be reused.

•Vacant and Cleared: Prior structures are already demolished, so a buyer avoids tear-down cost and timeline and moves straight into design and entitlement.

•Flexible Density: Positioned as a MIIP mixed-income project at roughly 38 units, with the AB 1287 State Density Bonus and AHIP pathways scaling to about 52 units and six stories at maximum density.

•Reusable Prior Reports: A previous 33-unit plan has expired, but some of its reports and studies can be reused, preserving the option to pursue the larger MIIP or AHIP density.

•Prime Little Osaka Frontage: High-visibility frontage on Sawtelle Boulevard in the heart of the Little Osaka dining and retail district, one of West LA's most active corridors.

•Supply-Constrained West LA: One of the lowest-vacancy submarkets in Los Angeles, with sustained rental demand from UCLA, the Westside job base, and persistent infill land scarcity.

•No Parking, Strong Access: No parking required under AB 2097, with immediate access to Santa Monica Boulevard and close proximity to the 405 Freeway.

Documents

Offering Summary

  • Asking Price
    $2,995,000
  • Price PSF
    $428
  • Price/Unit
    $78,816
  • Property Type
    Land/Development
  • Total Acres
    ~0.16 ac

Documents

Property Address

1656 Sawtelle Blvd
Los Angeles, CA 90025

Property Details

  • Property Type
    Land/Development
  • Entitlements
    No (Unentitled)
  • Zoning
    C2-1VL, MIIP / AHIP, AB 2097
  • APN
    4261-008-013

Property Details

  • Property Type
    Land/Development
  • Entitlements
    No (Unentitled)
  • Zoning
    C2-1VL, MIIP / AHIP, AB 2097
  • APN
    4261-008-013

Deal Team

Filip Niculete profile image

Filip Niculete

LA Apartment Advisors
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