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- LoopNet Team
1111 W Sunset Blvd
Los Angeles, CA 90012
7.7 Acres | Entitled Land on Sunset Blvd · Land For Sale · 7.70 AC
Investment Highlights
- PROPERTY WEBSITE: https://1111sunsetboulevard.berkadiarea.com/
- One-of-a-Kind High-Rise Development with Unobstructed Views (up to 4 towers or 17 airspace parcels effectively allowing for each to be independent)
- Amazing, Highly Visible Sunset Boulevard Location; Nexus between Silver Lake, Echo Park and DTLA
- Opportunity to Create a 7.7 Acre Master Planned Community of Over 1,000 Units, including Luxury Shopping, Dining, Retail, Office, and Entertainment
- Letter of Determination dated March 29, 2022; CEQA appeal period expired
- Unique Park-like Residential Atmosphere Offering More Open Space than Any of its Competitors; Unsurpassed Access to Lifestyle, Jobs and Entertainment
PROPERTY FACTS
Property Type | Land | Total Lot Size | 7.70 AC |
Property Subtype | Residential |
Property Type | Land |
Property Subtype | Residential |
Total Lot Size | 7.70 AC |
Description
1111 Sunset Boulevard is a once-in-a-lifetime opportunity to purchase 6.19 acres of entitled land on world renowned Sunset Boulevard. Plus, the opportunity to purchase an additional 1.5 acres of land across the street, in the heart of Los Angeles. The Letter of Determination (“LOD”) dated March 29, 2022 and EIR are available on the City website (Zimas.LACity.org). In sum, a developer could create a 7.7 acre master planned community of over 1,000 units, including luxury shopping, dining, retail, office, and entertainment. A. The 6 Acres on Sunset include a Letter of Determination for: (1) 827 units. All units condo mapped, creating an opportunity to optimize a mix of for-rent apartments and for-sale condos. Project to include 76 on-site affordable units; (2) 95k sf of commercial space (including a neighborhood grocery store); and (3) 48k sf of high-end office. B. Plus 1.5 acres across the street, which is currently improved with the Metropolitan Water District Parking Structure (“MWD Structure”) at 1030 Alpine Street. The MWD structure offers 391 parking spaces in its current configuration; however, with new striping and parking technologies the structure could allow for significantly more parking. Moreover, there is the potential for the development of a fourth residential tower with up to 193 units (or even up to 382 units) that can be built on top of the existing MWD structure. There is also the potential to convert part of the ground floor of the existing MWD Structure into retail to create a neighborhood scale main street on Alpine Street. The project is majestically set on a hilltop above downtown Los Angeles and will feature unobstructed views of the breathtaking Downtown LA skyline starting on the second floor. Only one level of subterranean parking is required. For more information, please go to: https://1111sunsetboulevard.berkadiarea.com/
Links
PROPERTY TAXES
Parcel Numbers |
Multiple
|
Improvements Assessment | £15,891,849 |
Land Assessment | £29,090,349 | Total Assessment | £44,982,198 |
PROPERTY TAXES
- 5406-020-002
- 5406-020-003
zoning
Zoning Code | LAC2 |
LAC2 |
Listing ID: 26100358
Date on Market: 06/07/2022
Last Updated:
Address: 1111 W Sunset Blvd, Los Angeles, CA 90012
The Land Property at 1111 W Sunset Blvd, Los Angeles, CA 90012 is no longer being advertised on LoopNet.co.uk. Contact the broker for information on availability.
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