2600 S Robertson BLVD, Los Angeles, CA 90034
2600 S Robertson BLVD, Los Angeles, CA 90034
2600 S Robertson BLVD, Los Angeles, CA 90034
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$7,995,000
Est. payment /mo
0.37 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26843389

HOA Y/N No

Lot Size 0.372 Acres

Property Description

26002610 S Robertson Boulevard presents a rare opportunity to acquire a fully entitled, Ready-to-Issue (RTI) ED1 mixed-use development site in the heart of Los Angeles' highly desirable Westside. Situated on a signalized hard corner at Robertson Boulevard and Beverlywood Street, the project is approved for a 150-unit affordable housing development with ground-floor retail, eliminating the entitlement risk and timeline uncertainty typically associated with Los Angeles multifamily development. The approved project consists of approximately 62,833 square feet with 149 affordable units and one manager's unit, featuring an efficient mix of 30 studios and 120 one-bedroom apartments above neighborhood-serving retail. The ED1 approval provides significant development advantages, including streamlined processing, no parking requirement, and no density cap limitations. Offered at $7,995,000, the property is priced at approximately $53,300 per approved unit, $127.24 per buildable square foot, and $492.92 per land square foot, providing developers with a shovel-ready opportunity in a high-barrier-to-entry submarket surrounded by Beverly Hills, Century City, Culver City, and Westwood. The location benefits from strong affordability demand drivers, proximity to major employment centers, a Walk Score of 85, and potential upside through Section 8 voucher programs, making it particularly attractive to affordable housing developers, tax-credit sponsors, and institutional investors seeking immediate development execution.

Location

State CA

County Los Angeles

Area C09 - Beverlywood Vicinity

Zoning LAC4

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

New Construction No

Others

Senior Community No

Tax ID 4301007001

Special Listing Condition Standard

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Listed by Filip Niculete Marcus & Millichap #01905352

NEARBY SCHOOL & BUSINESS

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