Active
1275 W SUNSET Boulevard
Los Angeles CA, 90026
$5,625,000
$278.37 per sqft
Active
Land
Listed by John Dunning with John Barker Dunning 310-261-8428
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.
22147063
MLSⓇ ID
April 5, 2022
Listed
November 6, 2023
Updated
Map
1275 W SUNSET Boulevard
Los Angeles CA, 90026
Exterior/Building Features
Lot Size
0.46 acres
Lot Features
Sloped Up
Other Property Details
Days on Market
580
Garage
No
Parking
No
View
Yes
View Description
City Lights
County
Los Angeles
Pool
No
Listing Contact: 310-261-8428
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/6/2023. 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.
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Data last updated on 11/6/2023 at 9:25 PM UTC