ActiveLand · sale

1000 N Gardner Street

West Hollywood, CA 90046

$1,250,000

  • 0.13 acres

Listed by Marcus & Millichap · MLS #26966193

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1000 N Gardner Street, West Hollywood, CA 90046 · MLS #26966193

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A FEW THINGS TO NOTICE

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Property size

0.13 acres listed.

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THE PROPERTY

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We are pleased to present 1000 N. Gardner Street, a lender-owned development opportunity situated on a vacant corner lot in one of West Hollywood's most desirable neighborhoods. The property sits on a 5,483-square-foot parcel zoned R3-B, offering an excellent opportunity for developers and investors to construct a four-unit luxury apartment or condominium project. The site previously carried approved plans for a four-unit, 6,939-square-foot building with 1,057 square feet of private balconies and a 4,568-square-foot subterranean garage. Although those plans have since expired, they establish a strong development precedent and confirm the site's design feasibility. Excavation and shoring were previously initiated, though given the time elapsed, portions may require reassessment or reconstruction prior to new development. The property may also qualify under SB 684, California's 2024 streamlining law that enables ministerial approval for small, for-sale infill projects with 10 or fewer units reducing entitlement timelines and adding flexibility for boutique condominium or townhome developers. Located within mile of major transit routes along Santa Monica Boulevard and Fairfax Avenue, the site also qualifies under AB 2097, which removes minimum parking requirements for new developments in transit-rich areas. This provision allows future ownership to design efficiently and reduce construction costs while maintaining marketable parking ratios if desired. The seller is committed to supporting a smooth development process and is offering favorable financing options, with terms that may vary based on the buyer's experience providing flexibility to seasoned builders and emerging developers alike. Ideally situated near Melrose Avenue and Santa Monica Boulevard, 1000 N Gardner enjoys a Walk Score of 93 ("Walker's Paradise"), surrounded by renowned restaurants, designer boutiques, and vibrant entertainment venues. The site's location, strong housing demand, and entitlement flexibility make it an exceptional West Hollywood infill opportunity.

THE NEIGHBORHOOD

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1000 N Gardner Street, West Hollywood, CA 90046

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THE DETAILS

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Property type
Land
Category
Land
Full baths
0
Half baths
0
Zoning
WDR3C*
Parcel
5531023012

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

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Listing information

MLS #26966193 · California Regional MLS

Listing brokerage: Marcus & Millichap
Listing agent: Shara Parseghian

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

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 © 2023 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. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.