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$37,888,888
Est. payment /mo
31,651 SqFt
UPDATED:
01/29/2025 06:19 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 31,651 sqft
Price per Sqft $1,197
MLS Listing ID CL25490807
HOA Y/N No
Year Built 1940
Lot Size 1.769 Acres
Acres 1.77
Property Sub-Type Other
Property Description
We are pleased to present a rare and exceptional investment opportunity in Century City, one of Los Angeles' most prestigious and sought-after locations. Situated on Bellwood Avenue, just off West Olympic Boulevard, this portfolio encompasses seven parcels offering a combination of development potential and apartment units. This assemblage includes two development lots and 99 apartment units across seven parcels. The properties feature significant redevelopment opportunities, such as the 13 vacated units at 10341 Bellwood Avenue and the 12,091-square-foot vacant lot at 10330 Bellwood Avenue, both zoned C2-1VL-O, allowing for substantial new construction by-right or with density bonuses. The other properties include 17 bungalow-style units at 10368-10384 Bellwood Avenue, 12 of which have been fully renovated to modern standards, and 82 units at 1034010360 Bellwood Avenue, with 60 units similarly upgraded. The mid-century architecture of these properties, including Streamline Moderne and bungalow-style designs, offers not only aesthetic appeal but also the potential for Mills Act designation, which could provide significant property tax reductions. Located just minutes from Westfield Century City, a premier luxury shopping and lifestyle destination, these properties are ideally sit
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Heating None
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 4315018034
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Listed by Neema Ahadian • Marcus & Millichap
_Our #1 priority is to find and attract mastery-based agents to partner with, protect our culture, and support our clients needs and desires."
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