Tier 3 TOC Redevelopment
For Sale
Contact for pricing
7949 Blackburn Ave, Los Angeles, CA 90048
Two parcels totaling 11,355 sf allow by-right development of 15 units, with Tier 3 TOC bonuses up to 28.
Property SizeContact for details
Days on Market121
Property Features for 7949 Blackburn Ave
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Marcus & Millichap - Encino
(818) 212-2700
Listed By:
Nick Mejerski · License #02070689
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Apr 11 at 4:08PM
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 - Encino
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to present a 11,355 square foot double-lot redevelopment site at 7949-7955 Blackburn Avenue in Los Angeles, California. The offering is positioned on two concurrent parcels totaling 11,355 square feet of land with zoning designated LAR3-1-O, where the “O” is a supplemental use district for oil drilling. An abutting 2,400 square foot alleyway positively affects the density calculation. The building area footprint after setbacks is 11,355 square feet, excluding the abutting alleyway.
By-right, the site supports density for up to 15 units with no maximum story limit, subject to a 45-foot height limit, and a 3.0:1 FAR. The offering is also granted Tier 3 TOC bonus incentives, which allow up to a 70% density bonus, an increase in maximum height to 67 feet, and an FAR bonus up to 4.5:1. With the bonus, the site supports 13 additional units for a total of 28 potential buildable units. Pursuant to SB 8, certain protected units will need replacement under LA Housing Replacement Requirements, and over $100k of current income is expected to remain in place while the buyer completes the entitlement process.
By-right, the site supports density for up to 15 units with no maximum story limit, subject to a 45-foot height limit, and a 3.0:1 FAR. The offering is also granted Tier 3 TOC bonus incentives, which allow up to a 70% density bonus, an increase in maximum height to 67 feet, and an FAR bonus up to 4.5:1. With the bonus, the site supports 13 additional units for a total of 28 potential buildable units. Pursuant to SB 8, certain protected units will need replacement under LA Housing Replacement Requirements, and over $100k of current income is expected to remain in place while the buyer completes the entitlement process.
Key Highlights
- Two concurrent parcels total 11,355 SF at 7949–7955 Blackburn Avenue in Los Angeles (Beverly Grove).
- LAR3‑1‑O zoning with supplemental oil‑drilling use district (O suffix).
- By‑right density supports 15 units with no maximum story limit and a 45‑ft height limit, plus a 3.0:1 FAR.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,935
Businesses Nearby
Explore this area
Business Placement
Demographics for 90048, CA
22,604
Population
13,733
Households
1.6
Avg Household Size
39
Median Age
69%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
11,897
Density / Sq Mi
$104,227
Median Household Income
$83,951
Median Earnings
$2,359
Median Rent
$1,847,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two parcels totaling 11,355 sf allow by-right development of 15 units, with Tier 3 TOC bonuses up to 28.
Where is this residential land & home lot located?
The property is located at 7949 Blackburn Ave Los Angeles, CA.
What are key features of this property?
This property features: Two concurrent parcels total 11,355 SF at 7949–7955 Blackburn Avenue in Los Angeles (Beverly Grove).; LAR3‑1‑O zoning with supplemental oil‑drilling use district (O suffix).; By‑right density supports 15 units with no maximum story limit and a 45‑ft height limit, plus a 3.0:1 FAR.
