$1,700,000

4563 Santa Monica, Los Angeles, CA 90029

  • 2,965 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1917
  • Property Lot Size Icon5,323sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $573/sqft
  • Property List Date Icon Listed 18 days ago

Property Description

Rare C2-Zoned Infill Site on Santa Monica Blvd. Perfectly positioned for developers and merchant builders, this offering presents a clear path to high-density multifamily or mixed-use redevelopment in one of Los Angeles’ most active rental corridors. While currently improved with three occupied retail storefronts generating $6,000/month in gross holding income, the true value of this asset lies in its land-use potential. Under current C2 zoning, the site offers approximately 14 residential units by right. Savvy developers can significantly increase project yield by utilizing State Density Bonus or Transit Oriented Communities (TOC) affordable housing incentives, which may allow for a project size of approximately 26 to 30 units (Buyer to verify program eligibility and TOC tier). Located in a high-walkability pocket with immediate access to transit and strong neighborhood amenities, the site is an ideal candidate for a "bite-sized" urban infill project. Priced to sell at land value, this is a strategic opportunity to acquire a corridor-frontage site with existing cash flow to offset holding costs during the entitlement phase. Sold AS-IS. Buyer to independently verify all zoning, unit count, TOC tiering, Density Bonus feasibility, FAR, height, setbacks, and parking requirements.

Listing Status:
Active
Date Added:
June 17, 2026
Data Last Updated:
July 5, 2026 at 2:18AM
Listing Office:
Pinnacle Estate Properties : 818-993-7370
Listing Agent:
Mike Harutunyan : 818-400-8589
MLS ID:
SR26132441
  • Laundry: None
  • General: 2
  • Originating MLS: CRMLS_CRM
  • County: Los Angeles
  • Zoning: 5542027029
  • Water: Public
  • Source: CRMLS_CRM

This listing courtesy of Mike Harutunyan , Pinnacle Estate Properties

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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