Residential Development Land
For Sale
$3,250,000
3123 Livonia Avenue, Los Angeles, CA 90034
Vacant development site in Palms with proposed high-density redevelopment potential under MIIP and CHIP frameworks.
Property SizeContact for details
Lot Size0.30 Acres
Days on Market187
Property Features for 3123 Livonia Avenue
General Information
Standard status
Active
Lot size
0.30 Acres
Property subtype
General Commercial
Amenities
R3-1
Listing Agency:
Marcus & Millichap
(818) 212-2700
Listed By:
Eliyahu Appel
Source:
Xome
Added: Feb 3
Changed: Aug 8
Last Checked: Apr 24 at 7:52AM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
The offering includes a vacant residential development site at 3123 Livonia Avenue, consisting of a 12,866 SF lot in the Palms neighborhood. The property is positioned for high-density redevelopment, with the remarks outlining a potential MIIP and CHIP-based scenario designed to increase unit density and support a modern mixed-income apartment concept. A conceptual planning guide notes assumptions such as an approximate 8,000 SF gross floor plate and roughly 6,400 SF net rentable per floor, with the first floor including lobby, trash room, and mail room that would reduce yield.
The remarks describe a possible density outcome under that framework, with an approximately total unit count of 8289 units and an illustrative mix of roughly 90% micro units and roughly 10% small three-bedroom units, along with limited set-asides for affordability. The provided incentive discussion also references items including unlimited density, increased FAR, increased height limits tied to unit mix, and an ELI requirement of 12% of total units. Buyers are advised to rely on their own independent analysis.
The remarks describe a possible density outcome under that framework, with an approximately total unit count of 8289 units and an illustrative mix of roughly 90% micro units and roughly 10% small three-bedroom units, along with limited set-asides for affordability. The provided incentive discussion also references items including unlimited density, increased FAR, increased height limits tied to unit mix, and an ELI requirement of 12% of total units. Buyers are advised to rely on their own independent analysis.
Key Highlights
- Vacant 12,866 SF development site in the Palms neighborhood of West Los Angeles.
- Zoned R3‑1; Exterior pool: none.
- Proposed high‑density redevelopment concept under MIIP + CHIP incentive framework.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,306
Businesses Nearby
Explore this area
Business Placement
Demographics for 90034, CA
57,152
Population
29,262
Households
2
Avg Household Size
35
Median Age
64%
College-Educated
92%
High-School Grad
3.1 sq mi
ZIP Area
18,436
Density / Sq Mi
$103,082
Median Household Income
$62,891
Median Earnings
$2,180
Median Rent
$1,395,000
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 in Palms with proposed high-density redevelopment potential under MIIP and CHIP frameworks.
Where is this residential land & home lot located?
The property is located at 3123 Livonia Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Vacant 12,866 SF development site in the Palms neighborhood of West Los Angeles.; Zoned R3‑1; Exterior pool: none.; Proposed high‑density redevelopment concept under MIIP + CHIP incentive framework.
