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33428109
33428108

11061 W Ohio Avenue, Los Angeles, CA 90025

LM
CA CA 01874375
Marcus & Millichap - Encino
EA
CA CA 01918652
Equity Union
Listed by Marcus & Millichap - Encino, Equity Union
$4,150,000
1 day on market
Updated 1 day ago

1433 S Bentley Avenue & 11061 W Ohio Avenue

Details
APN 4324-016-011,4324-016-010
Property Type Multifamily, Land
Sub Type Apartment Building
Units 36
Tenancy Vacant
Price per SqFt $346
Lot Size (SqFt) 12,009
Zoning [Q] RD3-1-O
Investment Type Redevelopment

Multifamily | 36 Units

Marketing description

A rare double lot opportunity to acquire 1433 S Bentley Avenue and 11061 W Ohio Avenue, a rare ±12,009 square foot assembled multifamily redevelopment opportunity located in the heart of West Los Angeles.

Positioned within one of the Westside's most supply-constrained and transit-oriented residential corridors, the assemblage offers approximately 100 feet of frontage and presents investors and developers the opportunity to capitalize on California's evolving housing incentive legislation, including AB 1287, TOC incentives, AB 2097 parking reductions, and Executive Directive 1 ("ED1").

The site's [Q] RD3-1-O zoning and favorable transit-oriented positioning may support the development of approximately 35 to 36 residential units through a stacked density bonus strategy utilizing AB 1287 "Double Bonus" incentives. Under this framework, a developer may significantly increase achievable density while improving project economics through parking reductions, enhanced FAR allowances, and streamlined entitlement pathways.

The assemblage is strategically positioned near major employment centers including UCLA, Century City, Westwood, Santa Monica, Culver City, and the broader Silicon Beach corridor. Immediate access to the I-10 and I-405 Freeways, along with nearby Metro E-Line connectivity, continues to drive strong housing demand throughout the West Los Angeles submarket.

West Los Angeles remains one of Southern California's most resilient multifamily and condominium development markets due to its high barriers to entry, limited land availability, affluent demographics, and sustained professional employment base.

The property presents a compelling opportunity for developers seeking scale, transit-oriented density, and long-term value creation in one of Los Angeles' premier residential investment corridors.

Investment highlights

  • Double lot assemblage, totally a ±12,009 development site with approximately 100 feet of frontage in prime West Los Angeles, offering scale and efficiencies rarely available in the 90025 submarket. 
  • Potential to develop approximately 35–36 residential units utilizing AB 
  • 1287 “Double Bonus” density incentives, materially increasing achievable density and project economics. 
  • Transit-oriented location may qualify for TOC Tier 3 and AB 2097 parking reductions, allowing for reduced parking ratios and more efficient subterranean garage design. 
  • [Q] R3-1-O zoning may be compatible with Executive Directive 1 (ED1) and current California housing legislation supports a more streamlined entitlement and development process.

Listing Contacts

LM
CA CA 01874375
Marcus & Millichap - Encino
EA
CA CA 01918652
Equity Union
Listed by Marcus & Millichap - Encino, Equity Union

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Additional Information

Name
Lonnie McDermott
License
CA 01874375
Brokerage
Marcus & Millichap
Title
First Vice President
Name
Eli Appel
License
CA 01918652
Brokerage Phone
818-212-2700
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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