1656 Sawtelle Boulevard

1656 Sawtelle Boulevard

Los Angeles, CA 90025

$3,995,000
Price
7,005 / 0.16
Lot Size / Acres
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Description

We are excited to present a primely located development opportunity located at 1656 Sawtelle Blvd, Los Angeles, CA 90025. The project is ready for immediate construction with the plans being fully approved and RTI (ready to issue). Also, the old structure on the lot has already been demolished allowing for an even quicker construction start date. The RTI plans call for the development of 33 apartment units that will span an 24,804 square feet of gross building area. The proposed design includes 21...We are excited to present a primely located development opportunity located at 1656 Sawtelle Blvd, Los Angeles, CA 90025. The project is ready for immediate construction with the plans being fully approved and RTI (ready to issue). Also, the old structure on the lot has already been demolished allowing for an even quicker construction start date. The RTI plans call for the development of 33 apartment units that will span an 24,804 square feet of gross building area. The proposed design includes 21 one-bedroom/one-bath and 12 two-bedroom/one-bath apartments, four of which are designated for very low-income tenants. This opportunity provides a unique advantage to bypass SB330 regulations and develop 33 units in a prime location at the heart of one of Los Angeles' most booming sub-markets. West Los Angeles is a continually growing area with some of the lowest vacancy rates in the county.1656 Sawtelle is located in the the Sawtelle neighborhood of West Los Angeles which is a vibrant and eclectic area that serves as a cultural crossroads, most notably highlighted by its "Little Osaka" district that showcases a rich blend of Japanese and American culture. This diverse and bustling community is a food lover's paradise, renowned for its array of sushi bars, ramen houses, and specialty grocery stores, as well as a variety of other international cuisines. Not just a gastronomic haven, Sawtelle is also a commercial and residential hub, featuring trendy boutiques, art galleries, and modern apartment complexes. The neighborhood enjoys excellent accessibility, bordered by major arteries like the 405 Freeway and Santa Monica Boulevard, making it convenient for both residents and visitors. Adding to its allure are its green spaces such as Stoner Recreation Center, where families can enjoy outdoor activities in a relaxed setting. With its unique blend of cultural diversity, commercial vitality, and residential comfort, Sawtelle offers a microcosm of what makes West Los Angeles one of the most desirable places to live and visit.
  1. Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01240999 • Marcus & Millichap
  2. Listed by Glen Scher • DRE #01962976 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 1656 Sawtelle Boulevard

Zoning
LAC2
Parcel Number
4261008013
Area
West Los Angeles (WLA)
Lot Size Area
7005
Source Lot Size Area
Assessor
Present Use
Vacant Land
Potential Usage
RTI Site to Build 33 Units
Assessor Parcel Number
4261-008-013

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
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LISTING UPDATED: 03/19/2024 02:19 PM

Property Details for 1656 Sawtelle Boulevard

StatusActive
MLS #23-314005
Days on Market222
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.16 AC
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
Add your commute

Building Information for 1656 Sawtelle Boulevard

Lot Size0.16 AC

Payment Calculator

$25,079 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,802

Property Taxes

$3,277

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1656 Sawtelle Boulevard

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Lot Acreage: 0.1608
  • Lot Size Square Feet: 7005
  • Telephone: 1.0
  • Cable: 1.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 09-21-2023

Property History for 1656 Sawtelle Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1656 Sawtelle Boulevard

Taxable ValueLand$3,002,164Additions$230,522Total$3,232,686
Tax Record2023$39,319 ($3,277 / month)
Home Facts
Total Finished SqFt2,181 SqFtAbove Grade Finished SqFt2,181 SqFtLot Size7,005 SqFtStyleTriplexZoningLAC2CountyLOS ANGELESAPN4261-008-013

Schools near 1656 Sawtelle Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Nora Sterry Elementary School
Public - K to 5
Daniel Webster Middle School
Public - 6 to 8
University Senior High School Charter
Charter - 9 to 12
Citizens of the World Charter School Mar Vista
Charter - K to 7
Rating
School
Distance
Nora Sterry Elementary School
PublicK to 5

Daniel Webster Middle School
Public6 to 8

University Senior High School Charter
Charter9 to 12

Citizens of the World Charter School Mar Vista
CharterK to 7

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1656 Sawtelle Boulevard, Los Angeles, CA 90025

1656 Sawtelle Boulevard is a 0.16 ac of land for sale in Los Angeles, CA 90025. This property was listed for sale on September 21, 2023 by Marcus & Millichap, it's currently listed at $3,995,000. It has been on the market for a total of 222 days and was last sold on March 7, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Nora Sterry Elementary School, Daniel Webster Middle School and University Senior High School Charter. 1656 Sawtelle Boulevard is a 0-bed, 0-bath, 0.16 ac of land on a 7,005 sq. ft. / 0.16 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.