Price: $19,550,000 | Potential to Build ±170 Apartment Units
Lot Size: 39,813 Square Feet | Building Size: 13,529 Square Feet
ADDRESS
5800 Obama Boulevard
Los Angeles, CA 90016
The Ghobadi Group of Colliers International is pleased to present a redevelopment opportunity in one of the most dynamic markets in Los Angeles County. With many new apartment complexes and mix use under construction, Culver City is transforming to one of the most attractive locations in Los Angeles to live and work. The subject property is a corner lot at 5800 Obama Boulevard surrounded by major retail and apartment complexes. In addition, the property is strategically located within 0.5 miles from the La Cienega/Jefferson Metro station which makes it a fantastic redevelopment opportunity given the Tier 3 bonus density for Transit Oriented Community (TOC).
PROPERTY HIGHLIGHTS
• Redevelopment opportunity in a dynamic market in Los Angeles County
• LAC4 / Transit Oriented Community (TOC) Tier 3
• Potential to build ±170 apartment units – Buyer to verify
• Within 0.5 miles of the La Cienega/Jefferson Metro Station
• Surrounded by major retailers, shops and restaurants
• Strategically located on busy intersection at Obama Avenue and La Cienega Boulevard
• Currently operating as a well performing strip center anchored by Carl’s Jr., with the majority of tenant’s leases being month to month. Please contact the agent for more information.
BUILDING INFORMATION
Year Built: 1980
Building SF: 13,529 SF
Lot Size: 39,813 SF
APN: 4204-020-244
Zoning: C4-2D-CPIO
TOC: Tier 3
Opportunity Zone: No