1656 Sawtelle Boulevard Los Angeles, CA $ 3,995,000
1656 Sawtelle Boulevard
$ 3,995,000
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1656 Sawtelle Boulevard

Los Angeles, CA, 90025
$ 3,995,000
Baths0.0

Monthly Estimate*

$ 27,906

1656 Sawtelle Boulevard, Los Angeles, CA 90025 - Image 1
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Studio

Lots and Land for sale in Los Angeles, CA

for $3,995,000. The lot size is 0.16.

We are excited to present a primely located development opportunity located at 1656 Sawtelle Blvd, Los Angeles, CA 90025.The project is ready for immediate construction with the plans being fully approved and RTI (ready to issue). Also, the old structure on the lot has already been demolished allowing for an even quicker construction start date.The RTI plans call for the development of 33 apartment units that will span an 24,804 square feet of gross building area. The proposed design includes 21 one-bedroom/one-bath and 12 two-bedroom/one-bath apartments, four of which are designated for very low-income tenants.This opportunity provides a unique advantage to bypass SB330 regulations and develop 33 units in a prime location at the heart of one of Los Angeles' most booming sub-markets. West Los Angeles is a continually growing area with some of the lowest vacancy rates in the county.1656 Sawtelle is located in the the Sawtelle neighborhood of West Los Angeles which is a vibrant and eclectic area that serves as a cultural crossroads, most notably highlighted by its "Little Osaka" district that showcases a rich blend of Japanese and American culture. This diverse and bustling community is a food lover's paradise, renowned for its array of sushi bars, ramen houses, and specialty grocery stores, as well as a variety of other international cuisines. Not just a gastronomic haven, Sawtelle is also a commercial and residential hub, featuring trendy boutiques, art galleries, and modern apartment complexes. The neighborhood enjoys excellent accessibility, bordered by major arteries like the 405 Freeway and Santa Monica Boulevard, making it convenient for both residents and visitors. Adding to its allure are its green spaces such as Stoner Recreation Center, where families can enjoy outdoor activities in a relaxed setting. With its unique blend of cultural diversity, commercial vitality, and residential comfort, Sawtelle offers a microcosm of what makes West Los Angeles one of the most desirable places to live and visit.

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Lots and Land Active

Price

$ 3,995,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 0

Style

Lot Size

0.16

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0023314005

Features
General
Zoning LAC2
County Los Angeles
New Construction No
Property Type D
HOA / Comm Assn No
Status Active
City Los Angeles
Buyer Agent Compensation 2.50
View Y/N No
Senior Community Y/N No
MLS Area WLA - West Los Angeles
Lot Size Square Feet 7005.0
Street Name Sawtelle
Standard Status Active
Buyer Agent Compensation Type %
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Exterior
Water Source None
Lot Size Area 7005.0
Lot Size Acres 0.16
Lot Size Units Square Feet
Land Lease Type Fee
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Interior
Street Suffix Boulevard
Total Baths 0
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* Excluded Features
List By
Filip Niculete

Listing Agent

Marcus & Millichap

Broker

Affordability Calculator

$27,906
Per Month
100%
0%
0%
Monthly Principal & Interest
$27,906
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/19/2024$3,995,000 -4.88% Price Down
9/22/2023$4,200,000 Listed Price

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1656 Sawtelle Boulevard, Los Angeles, CA, 90025 is a Lots and Land for sale at $3,995,000 with a lot size of 0.16. 1656 Sawtelle Boulevard is a studio with 0.0 baths. The property's zip code is 90025 which is in Los Angeles, CA