1664 S Western Avenue

45-Unit Multifamily Development | Mid-City

1664 S Western Ave
Los Angeles, CA 90006

1664 S Western Avenue, a rare owner-user / TOC Tier 3 development opportunity located between Mid-City and Koreatown in the heart of Los Angeles. 1664 S Western Avenue is situated on 10,012 square feet of land zoned C2-1VL-HPOZ-CPIO, allowing for a variety of user options or the potential for up to 45 multifamily units. 1664 S Western Avenue is a unique property comprised of 990 square feet of office space previously operated as a fully licensed car lot. The lot boasts 10,012 square feet of useable asphalted space which can easily fit 30 cars. The property is located just four parcels south of the signalized corner of Venice Boulevard and Western Avenue, which averages over 45,000 vehicles per day. 1664 S Western Avenue also offers an excellent opportunity for future development. Zoned C2-1VL-HPOZ-CPIO and falling under the “Neighborhood-Serving Corridor” of the South Los Angeles Community Plan Implemented Overlay (CPIO), the property allows for uses under the LAC1.5 zone and LAR4 for residential uses. If a developer plans to build a residential project, one may utilize a Base density of 1 unit per 400 square feet of lot area (25 units) and apply for up to 70% increase in density or up to 45 units.

Property Highlights

  • Price - $2,400,000
  • 45 Units with TOC Density Bonus
  • Lot - 10,013 SF
  • Zoned - LAC2
  • Multiple Offers
  • Price Per SF Land - $240
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