5000 Beethoven, Los Angeles, CA 90066
5000 Beethoven, Los Angeles, CA 90066
5000 Beethoven, Los Angeles, CA 90066
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$80,000,000
Est. payment /mo
3.36 Acres Lot
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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26668755

HOA Y/N No

Lot Size 3.361 Acres

Property Description

5000 Beethoven presents a rare opportunity to acquire a large, infill development site in the Palms-Mar Vista-Del Rey sub-market of Los Angeles. The property consists of approximately 146,422 square feet (3.36 acres) of land situated immediately adjacent to the Marina Freeway (SR-90), with direct access via Beethoven St. and a recently improved bridge connection. The site's configuration, freeway adjacency, and separation from low-density residential uses make it particularly well suited for higher intensitydevelopment and specialized uses. The property is currently zoned [T][Q]M2-1 (Light Industrial) and is designated Light-Industrial under the City of Los Angeles General Plan. While residential uses are not permitted by-right, the site benefits from several important planning overlays, including the Los Angeles Coastal Transportation Corridor Specific Plan and Community Transit Access Corridor (CTAC) eligibility. These designations support intensified land uses and have historically facilitated industrial-to-residential conversions, particularly for affordable and mixed-income housing. No minimum density requirement applies. A significant value driver is the seller's representation that the City has previously reviewed and accepted a concept for two levels of subterranean parking accommodating approximately 250 - 300 parking spaces, subject to verification. Prior City acceptance of subterranean parking materially de-risks one of the most challenging components of high-density development and enhances the feasibility of future residential or phased redevelopment strategies.In addition to residential potential, the property offers an attractive alternative or interim-use strategy for athletic, sports performance, or wellness-oriented facilities,which are generally compatible with industrial zoning and benefit from freeway adjacency and controlled access. Conceptual studies demonstrate the site's ability to support a modern, unbranded basketball or multi-sport performance campus while preserving long-term redevelopment optionality. With its scale, policy support, freeway exposure, and demonstrated parking feasibility, 5000 Beethoven offers investors and developers a flexible platform for high density affordable or mixed-income housing, specialized athletic facilities, or strategic land banking with near-term income potential. The property represents a unique opportunity to control a large, well-located West-Side parcel with multiple viable paths to value creation, subject to final entitlements and buyer due diligence.

Location

State CA

County Los Angeles

Area C12 - Marina Del Rey

Zoning LAM2

Interior

Fireplace No

Exterior

View Y/N Yes

Building

New Construction No

Others

Senior Community No

Tax ID 4211007034

Special Listing Condition Standard

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Listed by Sam Shakerchi Compass #01868195

NEARBY SCHOOL & BUSINESS

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