Listed by Lee & Associates - Los Angeles - West
$7,500,000
10031-10045 Palms Blvd & 3470-3488 Clarington
Details
APN 4313-001-002
4313-001-21
Property Type Multifamily, Mixed Use
Sub Type Apartment Building
Square Footage 16,000
Units 18
Class C
Lot Size (SqFt) 31,000
Zoning MU (EC) Mixed- USe Exposition Corridor
Multifamily | 18 Units
Marketing description
Lee & Associates WLA has been exclusively retained to sell 10031- 10045 Palms Blvd and 3470-3488 Clarington Ave., a mixed-use multifamily transit orientated development opportunity. The property is strategically located directly across from the Metro Expo Line Station in Palms which is a short ride from the Westwood/Rancho and Culver City stations offering residents ease of access to employment, business’s, restaurants and entertainment. The property currently consists of approximately 31,000sf (0.71Acres) of land zoned MU(EC) and a 2-story 18-unit apartment building currently 50% occupied providing some in-place income. A buyer has the flexibility of developing with an FAR from 2 FAR - 3.6 FAR with a minimum unit size of 350 SF and a commercial component. Being within the Exposition Corridor Transit Neighborhood “Specific Plan” allows the developer to submit Architectural design that conforms to specific plan, receive administrative clearance pursuant to the specific plan process and go directly to construction drawings. Palms/Clarington/National is a uniquely located Transit Priority development opportunity in the heart of West Los Angeles with ease of access to the 10 Fwy and 405 Fwy, LAX Downtown and Beach Cities.
Investment highlights
- 100 feet to Metro Palms Station
- Accessible from 3 Streets
- Expo Corridor Transit Neighborhood
- Convenient Freeway access to 10 and 405
- In-Place Income
Listing Contacts
Listed by Lee & Associates - Los Angeles - West
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