Listed by John Dunning with John Barker Dunning 310-261-8428

1275 W SUNSET Boulevard

Los Angeles, CA, 90026

$5,625,000

$5,625,000
Active
Active
 - For Sale
property_type
Land
DWG Capital Group, as exclusive advisor, is pleased to present for sale a new superior development project located at 1279 Sunset Boulevard, Los Angeles. The subject development property offers a developer/investor the opportunity to acquire a nearly shovel-ready (RTI) project (by closing), eliminating entitlement risk, significantly reducing carrying costs, and future building cost escalation risks to close to get straight to a path of profit.The fully entitled apartment development sale has an in-place, intelligent and attractive building design via an excellent architect and seasoned developer. Its C2-1VL parcel assemblage site has removed all existing improvements and is ready to issue permits. The fully stamped completed plans allow the project to commence quickly to develop a new Five-Story, 75-Unit Apartment Building along with 2 Levels of Subterranean Parking.Well-located in the heart of the flourishing Elysian Parkway/ Echo Park/ submarkets, near Dodger Stadium, 1279 Sunset is an ideal acquisition for an experienced developer looking to build quickly and establish or expand their strategic interest in Los Angeles.*DWG is also marketing a new 71-unit development site for sale if a more extensive 146-unit development portfolio is desired.
MLS® ID:
22147063
Listed:
4/4/22
Updated:
9/24/23
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Exterior/Building Features

Lot Size
0.46 acres lot

Other Property Details

Area Name
C21 - Silver Lake - Echo Park
Garage
No
Parking
N
View
Y
County
Los Angeles
Pool
No
Zoning
LAC2
Buyer Agency Compensation
1.000

Property History

Date
Event
Price
Value
7/5/22
Active Under Contract
-
-
3/9/23
Price Change
$5,625,000
0%
3/9/23
Active
-
-

Listing Contact: 310-261-8428 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/24/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 9/24/23 at 10:48 PM UTC

By providing your contact information, you acknowledge and agree to ourPrivacy Policyand consent to receiving marketing communications, including through automated calls, texts, and emails, some of which may use artificial or prerecorded voices. This consent isn’t necessary for purchasing any products or services and you may opt out at any time. To opt out from texts, you can reply, ‘stop’ at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply.
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