32 Unit Development | West LA | All Cash
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The LAAA Team of Marcus & Millichap is proud to announce the successful closing of 1531 Sawtelle Blvd located in the 90025 zip code of Los Angeles.
We represented the buyer on this deal which was listed by our good friends and colleagues, The Agnew | Serling Group. They are a top performing team that specializes in the sale of office, industrial, and retail, and they sit in the same Encino office of Marcus & Millichap as our apartment team so we have become very close to them professionally and personally.
Property Overview
The property, which was sold to a developer for land value, boasts a great C2 and TOC Tier 2 zoning, which allows a developer to build 19 units by right or up to 32 units with the TOC density bonus.
1531 Sawtelle Blvd is an approximate 7,031 SF Lot located in West Los Angeles. The property provides a great opportunity for a developer to acquire a rare lot in the bustling Sawtelle district. 1531 Sawtelle Blvd is currently occupied by Bundy’s Lock & Key Co. on a month-to-month basis. The asset, Zoned C2, also boasts a Tier 2 TOC bonus that allows a developer to build up to 32 units and 23,660 SF of building.
The LAAA Team of Marcus & Millichap is proud to announce the successful closing of 1531 Sawtelle Blvd located in the 90025 zip code of Los Angeles.
We represented the buyer on this deal which was listed by our good friends and colleagues, The Agnew | Serling Group. They are a top performing team that specializes in the sale of office, industrial, and retail, and they sit in the same Encino office of Marcus & Millichap as our apartment team so we have become very close to them professionally and personally.
Property Overview
The property, which was sold to a developer for land value, boasts a great C2 and TOC Tier 2 zoning, which allows a developer to build 19 units by right or up to 32 units with the TOC density bonus.
