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$ 2,900,000
Est. payment | /mo
6,904 Sqft Lot
$ 2,900,000
Est. payment | /mo
6,904 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25551929
HOA Y/N No
Lot Size 6,904 Sqft
Property Description
The LAAA Team of Marcus & Millichap is pleased to present 1121 Westgate Avenue, a rare and valuable development opportunity located in the heart of Brentwood. Positioned between Kiowa Avenue and Goshen Avenue, the site consists of two contiguous parcels totaling approximately 6,900 square feet, zoned [Q]R3-1. With its central location, walkable amenities, and proximity to major Westside destinations, the property offers developers a strategic foothold in one of Los Angeles' most prestigious and supply-constrained neighborhoods.The site is currently vacant, with previous structures fully demolished and development plans already submitted to the City. The proposed by-right project includes a four-story, eight-unit apartment building over one level of subterranean parking, and is Ready to Issue (RTI). The plans feature a thoughtful unit mix of spacious one- and two-bedroom units with no affordable housing requirements. The subterranean garage provides 15 parking spaces along with long- and short-term bicycle parking. With a maximum FAR of 3.0, the zoning permits up to 20,700 buildable square feetoffering buyers the potential to pursue increased density or reconfigure the layout to suit specific investment goals.Located in the 90049 zip code, Brentwood is one of the most affluent and stable rental markets in Los Angeles. The area boasts a strong tenant base drawn by its proximity to the UCLA campus, the VA Greater Los Angeles Healthcare System, and high-end employment centers in Westwood, Santa Monica, and Century City. Brentwood commands some of the highest average rents on the Westside, driven by its blend of upscale housing, premier schools, and abundant lifestyle offerings. With limited development pipeline and high barriers to entry, opportunities like 1121 Westgate Avenue remain exceptionally rare.
Location
State CA
County Los Angeles
Area C06 - Brentwood
Zoning LAR3
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
New Construction No
Others
Senior Community No
Tax ID 4265012212
Special Listing Condition Standard
Listed by Filip Niculete • Marcus & Millichap