5000 Beethoven St Los Angeles, CA 90066

This property offers an 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. The site's configuration, freeway adjacency, and separation from low-density residential uses make it particularly well suited for higher intensity development and specialized uses. The property is 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 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. The City has previously reviewed and accepted a concept for two levels of subterranean parking accommodating approximately 250 - 300 parking spaces, subject to verification. 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. The property 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.