Real Estate Listings & Homes for Sale
4545 -4541 Santa Monica Boulevard Los Angeles, CA 90029
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Monthly Payment (Est.)$12,547
We are pleased to present a 9,986 square foot nearly RTI redevelopment site located at 4541-4545 Santa Monica Boulevard in Los Angeles, California. The subject property is situated in a prime Virgil Village location two (2) blocks away from Silver Lake, west of Virgil Avenue and north of Santa Monica Boulevard. This offering is positioned on two (2) parcels totaling 9,986 square feet (SF) of land with a zoning ordinance of LAC2-1D where the D suffix is a limitation to the buildable area of the lot, and for conformance to the Vermont/Western Station Neighborhood Area Plan (SNAP). The project is offered with RTI plans for a five-story luxury mixed-use redevelopment. Tier 3 TOC allows the RTI plans to feature twenty-three (23) total units. Additionally, the TOC bonus incentives allow for a 72ft height limit, an increase to the transitional height, a reduction to open space, and a front step back height increase. The plans include three (3) commercial use spaces on the ground level and the second floor. Twenty-three (23) parking spaces are planned for the residential units in a subterranean gated garage, and nine (9) parking spaces are planned for the commercial units on the ground level. The project boasts numerous luxury amenities such as a two-story gym, open space patio, two (2) lobbies, bicycle parking, a public theater space, a conference room, roof decks, a pool, and more. With TOC incentives, a developer has the option to modify the RTI plans and build up to forty-three (43) residential units. Positioned in a prime Virgil Village location two (2) blocks away from Silver Lake, this offering presents a rare opportunity for an astute developer to capitalize on a nearly RTI project for a luxury mixed-use redevelopment.
|a week ago||Listing updated with changes from the MLS|
|4 weeks ago||Price changed to $2,750,000|
|2 months ago||Listing first seen online|
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