34.06798 -118.451256

504 GLENROCK & 505 LANDFAIR AVE Los Angeles, CA 90024

318190303 34.06798 -118.451256 213 /listing/318190303-150289519/504-glenrock-505-landfair-ave-los-angeles-ca-90024 False 0 12995000 102 22-171939 False
  • $12,995,000
  • 17,685 lot
  • Est payment $69759.97/mo

Property & Neighborhood Info

Courtesy Of Marcus & Millichap

Vacant Land in LOS ANGELES

We are pleased to present 504 Glenrock & 505 Landfair Avenue, a prime development site located in one of the most desirable zip codes in the country: 90024. Located in Westwood and steps to UCLA, the site is zoned R4 and falls within Tier 2 of the local TOC (Transit Oriented Community) program. This special designation allows a developer many options when designing the project. By right, the zoning allows for 22 units, a 45-foot height limit, and a building envelope of 53,055 square feet. If a developer wants to build a luxury condo project in an affluent neighborhood where some comps are trading for over $1,500/SF, this may be the best option. Alternatively, if a developer wants to utilize the TOC density bonus and maximize the unit count, they can build up to 37 units, go up to 56 feet in height, and have a building envelope of 76,930 square feet. If the architect and developer are willing to get a little creative, they might even be able to squeeze in a few more units by designing for ADU conversion post certificate of occupancy. If you believe the highest and best use of the land is to build a project that caters to the student population at one of the most well-regarded universities in the country, this may be the best option.The development site is conveniently located between three beautiful, trendy, and affluent neighborhoods: Brentwood, Century City, and Beverly Hills. Popular local points of interest include the world-renowned Rodeo Drive, the sprawling new Century City Mall, Sawtelle's Japantown, and Westwood Village. Key local employers include entertainment giants 21st Century Fox, Sony Pictures, Culver City Studios, and Fox Studios. While roughly 20,000 jobs are in the motion-picture industry, ancillary businesses tied to entertainment are a major source of employment in the area.If you are looking for a prime development site located in a core market with tremendous future potential, look no further. When completed, the subject property will offer its

Courtesy Of Marcus & Millichap
  1. 17,685 Lot

Main Features

  • Listing Status: Active
  • County: Los Angeles
  • Zoning: LAR4
  • MLS Number:22-171939

Additional Features

  • Special Conditions:
    • Standard
  • Co Listing Office ID:
    • X7538301
  • Listing Agent License Number:
    • 01905352
  • Lot Size Area:
    • 17685
  • LP Per SQFT:
    • 2139.09
  • Office Co List Name:
    • Remax Commercial and Investment Realty
  • Total Acres:
    • 0.4100
  • Disclosures:
    • None
  • Telephone:
    • Y
  • View:
    • N
    • None
  • Special Zone(s):
    • None
  • Cable:
    • Y
  • Board:
    • The Combined Los Angeles/Westside MLS
Neighborhood info courtesy of Homes.com © 2022

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Victoria Silver
Victoria Silver
Realtor
6430 Sunset Blvd, Suite 1000 Los Angeles CA 90028
Request More Info
34.06798 -118.451256

504 GLENROCK & 505 LANDFAIR AVE Los Angeles, CA 90024

318190303 34.06798 -118.451256 213 /listing/318190303-150289519/504-glenrock-505-landfair-ave-los-angeles-ca-90024 False 0 12995000 102 22-171939 False
  • $12,995,000
  • 17,685 lot
  • Est payment $69759.97/mo