4563 Santa Monica
Los Angeles, CA 90029
$1,599,000
- 0.12 acres
- Built 1917
Listed by Pinnacle Estate Properties · MLS #SR26132441
Property photos are not available.
A FEW THINGS TO NOTICE
What stands out.
Year built
Built in 1917.
Property size
0.12 acres listed.
Highlights from the listing description and property details. Confirm features with the listing agent.
THE PROPERTY
Get to know the property.
While currently improved with three occupied retail storefronts generating $6,000/month in gross holding income, the true value of this asset lies in its land-use potential. Under current C2 zoning, the site offers approximately 14 residential units by right. Savvy developers can significantly increase project yield by utilizing State Density Bonus or Transit Oriented Communities (TOC) affordable housing incentives, which may allow for a project size of approximately 26 to 30 units (Buyer to verify program eligibility and TOC tier).
Located in a high-walkability pocket with immediate access to transit and strong neighborhood amenities, the site is an ideal candidate for a "bite-sized" urban infill project. Priced to sell at land value, this is a strategic opportunity to acquire a corridor-frontage site with existing cash flow to offset holding costs during the entitlement phase.
Sold AS-IS. Buyer to independently verify all zoning, unit count, TOC tiering, Density Bonus feasibility, FAR, height, setbacks, and parking requirements.
THE NEIGHBORHOOD
Explore the location.
4563 Santa Monica, Los Angeles, CA 90029
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THE DETAILS
The details, all in one place.
- Property type
- CommercialSale
- Category
- Commercial
- Year built
- 1917
- Parcel
- 5542027029
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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4563 Santa Monica, Los Angeles, CA 90029 · MLS #SR26132441
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Listing information
MLS #SR26132441 · California Regional MLS
Listing brokerage: Pinnacle Estate Properties
Listing agent: Mike Harutunyan
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.