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$ 1,900,000
Est. payment | /mo
6,342 Sqft Lot
$ 1,900,000
Est. payment | /mo
6,342 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25516399
HOA Y/N No
Lot Size 6,342 Sqft
Property Description
5475 Inglewood Boulevard, Los Angeles, California 90230 in positioned in the vibrant and rapidly evolving Culver City neighborhood at the heart of Silicon Beach.Located at 5475 Inglewood Boulevard, the site offers a rare opportunity for investors and developers to capitalize on a fully entitled / ready-to-build project in a highly sought-after market. The planned three-story structure, situated above a one-story on-grade parking garage, will encompass approximately 15,854 square feet of usable space.The gross building area totals approximately 11,942 square feet, complemented by an on-grade parking garage of about 3,912 square feet and 11 dedicated parking spaces. Permit fees-including building, grading, and retaining wall permits-have already been paid, effectively reducing initial costs and accelerating the construction timeline. The property is also exempt from linkage fees and does not fall under the Rent Stabilization Ordinance, further enhancing its financial and regulatory appeal.All essential engineering and design work, including electrical engineering and A Permit drawings, has been completed to streamline the development process. Minimal public works construction is needed, minimizing potential complications and delays. In addition, the current plans support the future addition of two Accessory Dwelling Units (ADUs) following issuance of the Certificate of Occupancy, providing flexibility for expanded living space or additional rental income.
Location
State CA
County Los Angeles
Area C28 - Culver City
Zoning LAR3
Interior
Fireplace No
Exterior
View Y/N Yes
View City Lights
Building
Lot Description Flat
New Construction No
Others
Senior Community No
Tax ID 4220019034
Special Listing Condition Standard
Listed by John Swartz • Compass
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Steven Golden
Broker | Lic# 01290347