1900 Holmby Avenue Los Angeles, CA 90025

Description

Calling all developers and owner users! This property is a unique development opportunity to build six (6) for-sale condo units walking distance to the upscale Westfield Century City Mall. Positioned on a 5,638 sqft lot with RD1.5 zoning, this is a rare opportunity to add density in a highly desired westside neighborhood. Conveniently located adjacent to Westwood and Beverly Hills, the investment in and around the property is unparalleled, anchored with UCLA recently acquiring 700k sqft of the former Westside Pavilion to serve as their state-of-the-art research and innovation hub. The property benefits from a Transit Oriented Communities (TOC) Tier 2 designation that allows for an increase in density and height bonus. The existing house is currently vacant and consists of 2 bedrooms and 2 baths located in a highly regarded school district. Plans have been submitted to the city for Preliminary Zoning Assessment (PZA) from LADBS and TOC Tier Verification has been confirmed. Don't miss this opportunity!