Listing Summary
Fully entitled luxury condominium development opportunity located just off Wilshire Boulevard in one of Los Angeles’ most prestigious residential corridors.
Full Description
Prestigious Westside Development Opportunity: Fully Entitled Luxury Condominiums
Ready-to-Issue Permits | Wilshire Corridor Proximity | High-Density [Q] R5-3 Zoning
RAD Commercial Realty is proud to present a rare and sophisticated development opportunity situated just off the iconic Wilshire Boulevard. This ±0.33-acre site represents a "shovel-ready" luxury condominium project in one of Los Angeles’ most coveted residential corridors. Positioned between the world-class amenities of Beverly Hills and the academic and commercial hub of Westwood, this property is perfectly staged for a developer looking to capitalize on the relentless demand for high-end residential ownership on the Westside.
The Development Vision: Luxury & Scale
This offering is uniquely positioned to minimize the traditional entitlement risks associated with Los Angeles development. With permits in a "Ready to Issue" status, the incoming developer can bypass years of bureaucratic delays and move directly into the construction phase.
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Current Design & Entitlements: The site is currently entitled for a bespoke collection of approximately 21 luxury condominium units, designed to meet the expectations of the Westside’s most discerning buyers.
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Density Expansion Potential: Leveraging favorable local density bonuses, there is a significant pathway to expand the project scope up to ±45 units, allowing for a dramatic increase in the total sell-out value and project IRR.
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Premium Zoning: The property benefits from high-density [Q] R5-3 zoning, providing the flexibility and vertical potential required for a landmark residential structure in a supply-constrained infill market.
Prime Location: The Heart of the Westside
The property is nestled within a prestigious residential pocket that serves as a bridge between Los Angeles' most influential neighborhoods.
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Elite Neighbors: Located just moments from the Los Angeles Country Club, Century City, and the luxury retail of Rodeo Drive.
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Employment & Lifestyle Hubs: The site offers effortless access to major employment centers in Century City and Westwood, as well as the cultural and dining destinations that define the Wilshire Corridor.
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Transit & Connectivity: Its strategic position provides seamless navigation to the 405 and 10 Freeways, ensuring that residents are connected to the beach, the valley, and the downtown core.
Investment Summary & Site Highlights
| Metric |
Property Detail |
| Asset Type |
Multifamily / Luxury Condominium Development |
| Site Area |
±0.33 Acres |
| Zoning |
[Q] R5-3 (High-Density Residential) |
| Current Entitlements |
~21 Luxury Units |
| Maximum Density |
Up to ±45 Units (via Density Bonus) |
| Permit Status |
Ready to Issue (RTI) |
| Broker Co-Op |
Yes |
Confidential Inquiry & Financing
For full architectural plans, entitlement documentation, and a detailed pro-forma, please register at www.radcre.com or contact Majid directly at majid@radcre.com or 818-334-2111.
Financing & Capital Services: For construction financing, mezzanine debt, or joint-venture equity for this Westside project, RAD Capital Group specializes in funding high-density residential developments in Los Angeles. Visit www.radcapgroup.com to explore our lending platforms.
Quick Glance
- Listing ID:
CL-California-27512
- Status:
Active
- Year Build:
N/A
- Building Size:
N/A
- Lot Size:
0.33 Acre