1121 S Westgate Ave Los Angeles, CA 90049
Rare development opportunity in Brentwood with RTI plans for 8 units.
Lot size:
0.16 AcresProperty Features for 1121 S Westgate Ave
General Information
- Standard status
- Active
- Lot size
- 0.16 Acres
Source:
Corcoran
Listing Agent: Filip Niculete
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Brentwood Development Opportunity: Ready to Issue
Located in the heart of Brentwood, 1121 Westgate Avenue presents a development opportunity. The site, situated between Kiowa Avenue and Goshen Avenue, consists of two contiguous parcels totaling approximately 6,900 square feet, zoned [Q]R3-1. The property is located in the 90049 zip code. The site is currently vacant, with previous structures fully demolished. Development plans have already been submitted to the City. The proposed by-right project includes a four-story, eight-unit apartment building over one level of subterranean parking, and is Ready to Issue (RTI). The plans feature a unit mix of one- and two-bedroom units with no affordable housing requirements. The subterranean garage provides 15 parking spaces along with long- and short-term bicycle parking. With a maximum FAR of 3.0, the zoning permits up to 20,700 buildable square feet. Brentwood is one of the affluent and stable rental markets in Los Angeles. The area has a tenant base due to its proximity to the UCLA campus, the VA Greater Los Angeles Healthcare System, and employment centers in Westwood, Santa Monica, and Century City.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential land & home ...
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.46541
- Latitude
- 34.04809
Nearby Similar for Sale
FAQs
What type of property is this?
Residential land & home lot - Rare development opportunity in Brentwood with RTI plans for 8 units.
Where is this residential land & home lot located?
The property is located at 1121 S Westgate Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: - Ready to Issue (RTI) plans for an eight-unit apartment building, significantly accelerating the development process.; - Located in Brentwood (90049), an affluent and stable rental market with high average rents and limited development opportunities.; - Zoned [Q]R3-1 with a maximum FAR of 3.0, allowing for potential increased density up to 20,700 buildable square feet.