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    (909) 437-7109armenb@chrisarmenre.com
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    • 8439 White Oak Ave Ste 102
      Rancho Cucamonga, California 91730

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      California Regional Multiple Listing Service

      The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

      Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

      $6,900,000
      Off Market

      1431 Greenfield Avenue

      Los Angeles, CA 90025
      0.31 acres | #25518641
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      Listing OfficeMiller & Desatnik Realty Co.
      Type:Purchase
      Structure:Land
      Zone:Residential

      Description

      We are pleased to offer an exceptional opportunity to acquire a 13,500 Sq.Ft. double lot in a prime Westwood location. The site is located directly adjacent to Veteran Park, north of Santa Monica Blvd. and west of Westwood Blvd. Currently on the site are two existing buildings with a a total of 7 units. All of the units are VACANT as of March 2024 due to the Ellis Act. The zoning allows for multiple development options. The property is zoned QR3 and qualify for Tier 3 of the (TOC) Plan. The site supports an approximately 110-unit ED1 low-income project with a ministerial and streamlined approval process, requiring no parking. Alternatively, it can accommodate a CHIP OC-3 density bonus project, where approximately 70% of the units would be market rate. Additionally, the property is in the process of RTI development for 29-unit. The plans include a six-story residential building spanning approximately 34,000 square feet, featuring a well-balanced unit mix of 6 one-bedroom, 11 two-bedroom, and 12 three-bedroom units, with 5 units designated as deed-restricted affordable housing with one level subterranean and one on grade parking including 44 parking spaces. Incredible opportunity to purchase a development in one of the most desired rental locations in all of Los Angeles in close proximity to UCLA, Brentwood, Century City and Beverly Hills.

      Location

      Legal

      The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

      Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

      Last Updated: Yesterday at 11:36 PM. Source: CRMLS

      Provided By
      Listing Agent: David Miller (#CLW-C133782)
      Listing Office: Miller & Desatnik Realty Co. (#CLW-L02710)

      Lucy & ArmenReal Estate Group
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