Property Detail

Description

Incredible development opportunity in prime West Los Angeles newly rezoned from R1 to R3 ! This spacious 4-bedroom, 3-bathroom single-family residence offers 2,562 square feet of living space on an expansive 5662-square-foot lot, ideally situated on a quiet, tree-lined street between Centinela Avenue and Bundy Drive, just two blocks from the Santa Monica border. Originally zoned R1, this property has been recently rezoned to R3, unlocking tremendous potential to build multi-family residences and capitalize on the rapid growth transforming the area. The neighborhood is experiencing a wave of new development, highlighted by the highly anticipated Carmel Partners project of 114 units underway right on the same street, and surrounded by modern multi-family construction taking advantage of the new zoning rules. For developers and investors, this is an exceptional canvas to design and build up to four contemporary units and capture strong retail pricing and long-term upside. For owner-users, the existing two-story home presents a fantastic opportunity to remodel and customize a large single-family residence to suit your taste while investing in a location with outstanding appreciation potential. In addition to redevelopment possibilities, the detached garage offers the exciting upside of converting into a beautiful Accessory Dwelling Unit (ADU), perfect for generating extra income or creating a stylish guest suite. This exceptional property is just minutes from Santa Monica Beach, shopping, dining, and top-rated schools, with easy access to the 10 Freeway and a short drive to LAX. Whether you're looking to build, redevelop, reimagine, or simply enjoy as-is, this rare offering is truly a gem with limitless possibilities and the promise of significant future returns. Don't miss your chance to secure an irreplaceable piece of West LA's most promising neighborhood.