Listing banner image
  • Property Type
    Land/DevelopmentProperty Type
  • City
    Los AngelesCity
  • Developable Acres
    0.91 acresDevelopable Acres
  • Asking Price
    $11,995,000Asking Price
  • Highest & Best Use
    Large-Scale Market-Rate or Affordable Housing DevelopmentHighest & Best Use
  • Zoning
    R3-1Zoning

Description

3219-3249 Overland Avenue presents a rare, fully assembled 0.91-acre infill land parcel (39,666 sf) in the heart of Los Angeles’ Palms submarket. Offered at $11,995,000 ($302.40 per sf; $13,181,318 per acre), this contiguous three-parcel site under APNs 4254-011-037, -038 and -028 delivers a compelling land-cost basis for developers and investors seeking Westside exposure. Zoned R3-1 for multifamily residential use, the property benefits from three existing entitlements and gently sloping topography that streamline the approval process and construction timeline.

Entitled for...

Documents

Offering Summary

  • Asking Price
    $11,995,000
  • Price PSF
    $302
  • Price/Unit
    $1,199,500
  • Price/Acre
    $13,181,318

Sale Details

  • In-Place Rents
    9,507

Documents

Property Address

3219-3249 Overland Avenue
Los Angeles, CA 90034

Property Details

  • Property Type
    Land/Development
  • Total Acres
    1
  • Developable Acres
    0.91
  • Entitlements
    No (Unentitled)
  • Topography
    Sloped
  • Zoning
    R3-1
  • Highest & Best Use
    Large-Scale Market-Rate or Affordable Housing Development
  • APN
    4254-011-037, 4254-011-038, 4254-011-028

Property Details

  • Property Type
    Land/Development
  • Total Acres
    1
  • Developable Acres
    0.91
  • Entitlements
    No (Unentitled)
  • Topography
    Sloped
  • Zoning
    R3-1
  • Highest & Best Use
    Large-Scale Market-Rate or Affordable Housing Development
  • APN
    4254-011-037, 4254-011-038, 4254-011-028

Deal Team

Filip Niculete profile image
Filip Niculete

Description

3219-3249 Overland Avenue presents a rare, fully assembled 0.91-acre infill land parcel (39,666 sf) in the heart of Los Angeles’ Palms submarket. Offered at $11,995,000 ($302.40 per sf; $13,181,318 per acre), this contiguous three-parcel site under APNs 4254-011-037, -038 and -028 delivers a compelling land-cost basis for developers and investors seeking Westside exposure. Zoned R3-1 for multifamily residential use, the property benefits from three existing entitlements and gently sloping topography that streamline the approval process and construction timeline.

Entitled for...

Documents

Offering Summary

  • Asking Price
    $11,995,000
  • Price PSF
    $302
  • Price/Unit
    $1,199,500
  • Price/Acre
    $13,181,318

Sale Details

  • In-Place Rents
    9,507

Documents

Property Address

3219-3249 Overland Avenue
Los Angeles, CA 90034

Property Details

  • Property Type
    Land/Development
  • Total Acres
    1
  • Developable Acres
    0.91
  • Entitlements
    No (Unentitled)
  • Topography
    Sloped
  • Zoning
    R3-1
  • Highest & Best Use
    Large-Scale Market-Rate or Affordable Housing Development
  • APN
    4254-011-037, 4254-011-038, 4254-011-028

Property Details

  • Property Type
    Land/Development
  • Total Acres
    1
  • Developable Acres
    0.91
  • Entitlements
    No (Unentitled)
  • Topography
    Sloped
  • Zoning
    R3-1
  • Highest & Best Use
    Large-Scale Market-Rate or Affordable Housing Development
  • APN
    4254-011-037, 4254-011-038, 4254-011-028

Deal Team

Filip Niculete profile image
Filip Niculete
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