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Price Reduced Listing
$1,499,000
 $8,047 est/mo Sourced by Back At You

4563 Santa Monica,Los Angeles, CA 90029

Los Angeles, CA 90029

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Description

PRICE IMPROVEMENT.. Rare C2-Zoned Infill Site on Santa Monica Blvd. Perfectly positioned for developers and merchant builders, this offering presents a clear path to high-density multifamily or mixed-use redevelopment in one of Los Angeles' most active rental corridors. While currently improved with three occupied retail storefronts generating $6,000/month in gross holding income, the true value of this asset lies in its land-use potential. Under current C2 zoning, the site offers approximately 14 residential units by right. Savvy developers can significantly increase project yield by utilizing State Density Bonus or Transit Oriented Communities (TOC) affordable housing incentives, which may allow for a project size of approximately 26 to 30 units (Buyer to verify program eligibility and TOC tier). Located in a high-walkability pocket with immediate access to transit and strong neighborhood amenities, the site is an ideal candidate for a "bite-sized" urban infill project. Priced to sell at land value, this is a strategic opportunity to acquire a corridor-frontage site with existing cash flow to offset holding costs during the entitlement phase. Sold AS-IS. Buyer to independently verify all zoning, unit count, TOC tiering, Density Bonus feasibility, FAR, height, setbacks, and parking requirements.

Details

MLS #SR26132441
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1917
Days On Site146
Listing Provided ByPinnacle Estate Properties | Mike Harutunyan

Features

SQ Feet2,965
Story(s)2
Acreage0.12

Exterior

Lot FeaturesRectangular Lot

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90029
AreaWLA West Los Angeles
Listing VS Median (in 90029)
Price:
$1,499,000
low | high
Med:
$1,249,000
66.677785190127% of Average
sqft:
2,965
low | high
Med:
1,782
89.898819561551% of Average
$ / sqft:
$506
low | high
Med:
$701
11.363430465054% of Average
On site:
146
low | high
Med:
11
100% of Average
Sourced by Back At You

Market Activity 90029

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Desert Lifestyle Properties

Desert Lifestyle Properties

 (760) 818-7518info@desertlifestyleproperties.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90029
AreaWLA West Los Angeles
Listing VS Median (in 90029)
Price:
$1,499,000
low | high
Med:
$1,249,000
66.677785190127% of Average
sqft:
2,965
low | high
Med:
1,782
89.898819561551% of Average
$ / sqft:
$506
low | high
Med:
$701
11.363430465054% of Average
On site:
146
low | high
Med:
11
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.124M - $1.873M
sqft: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
1115 N Madison Property Photo 1
$1,370,000
1115 N Madison
Los Angeles, CA 90029
Listing Updated: November 4, 2026 at 10:29:21 AM PST
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