Corner Development Land
For Sale
$2,100,000
Pending
1833 Overland Ave, Los Angeles, CA 90025
Vacant development site on a corner lot with SB 8 exemption and incentive eligibility subject to verification.
Property SizeContact for details
Days on Market108
Property Features for 1833 Overland Ave
General Information
Standard status
Pending
Property subtype
Land
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
(310) 883-7070
Listed By:
Michael Monempour
(310) 883-7070
Source:
Exprealty
Added: Apr 24
Changed: Aug 8
Last Checked: May 26 at 3:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate, Inc.
Investment Insights
Based on property information with market context.
This offering is a fully vacant development opportunity that will be delivered vacant and demolished at close of escrow. The site is a corner lot and is described as Senate Bill 8 exempt, with the seller noting it as one of only 23 such sites in West Los Angeles where replacement (low-income) units are not required.
The property is also described as eligible for the CHIP (Citywide Housing Incentive Program) under TOIA Tier 2, which the seller states may allow up to a 100% density bonus, an additional 22 feet of height, and a 50% increase in FAR. The seller further states the site can be developed with up to 18 units using incentives, or 9 units by right with no replacement units.
All development potential, zoning, and incentive program information referenced in the remarks is subject to buyer verification with the Los Angeles Department of Building and Safety.
The property is also described as eligible for the CHIP (Citywide Housing Incentive Program) under TOIA Tier 2, which the seller states may allow up to a 100% density bonus, an additional 22 feet of height, and a 50% increase in FAR. The seller further states the site can be developed with up to 18 units using incentives, or 9 units by right with no replacement units.
All development potential, zoning, and incentive program information referenced in the remarks is subject to buyer verification with the Los Angeles Department of Building and Safety.
Key Highlights
- Fully vacant development site delivered vacant and demolished at close of escrow.
- Corner lot with Senate Bill 8 exemption; among only 23 such sites in West Los Angeles where no replacement (low income) units are required.
- Eligible for the CHIP (Citywide Housing Incentive Program) under TOIA Tier 2, subject to verification.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,472
Businesses Nearby
Explore this area
Business Placement
Demographics for 90025, CA
45,466
Population
24,965
Households
1.8
Avg Household Size
36
Median Age
70%
College-Educated
95%
High-School Grad
2.6 sq mi
ZIP Area
17,487
Density / Sq Mi
$104,627
Median Household Income
$70,713
Median Earnings
$2,465
Median Rent
$1,081,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant development site on a corner lot with SB 8 exemption and incentive eligibility subject to verification.
Where is this residential land & home lot located?
The property is located at 1833 Overland Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Fully vacant development site delivered vacant and demolished at close of escrow.; Corner lot with Senate Bill 8 exemption; among only 23 such sites in West Los Angeles where no replacement (low income) units are required.; Eligible for the CHIP (Citywide Housing Incentive Program) under TOIA Tier 2, subject to verification.
