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This offering presents a rare, unentitled development opportunity in the Palms neighborhood of West Los Angeles, comprising three contiguous parcels totaling approximately 39,666 square feet (~0.91 acres). Zoned R3-1 and offered as a single combined site, the property includes two vacant lots and one improved parcel with a 10-unit rent-stabilized building. Its strategic Westside location, flexible zoning, and eligibility for a wide range of incentive programs make it an attractive candidate for large-scale market-rate or affordable housing development. Located in a TOC Tier 2 area and a Low VMT zone, the property also benefits from eligibility for parking reductions and ministerial approval processes under AB 2097 and AB 2334. The site is being marketed unpriced via a Request for Offer process. Whether a developer is pursuing a high-density market-rate plan or a LIHTC-financed mixed-income project, this unified assemblage offers one of the most versatile and scalable infill opportunities on the Westside. The site qualifies for multiple high-impact development pathways, including the City of Los Angeles's Mixed-Income Incentive Program (MIIP), California's State Density Bonus Law (SDBL) with AB 1287 enhancements, and SB 684's ministerial approval process (applicable to the two vacant parcels). Each path offers a distinct mix of density potential, affordability requirements, and entitlement complexity allowing developers to tailor the project to their financing strategy and business plan. Further enhancing its viability, the site is designated as both a HUD Difficult Development Area (DDA) and a "Highest Resource" Area under the 2025 TCAC/HCD Opportunity Area Maps. These designations provide a 30% basis boost for LIHTC-eligible costs (DDA) and improved scoring competitiveness for 9%tax credits and other state funding programs (Highest Resource).
Property Type(s):
Lot/Land/Acreage
| Last Updated | 8/14/2025 | Year Built | 0 |
|---|---|---|---|
| Community | C13 - Palms - Mar Vista | County | Los Angeles |
Price History
| Prior to Aug 14, '25 | $14,300,000 |
|---|---|
| Aug 14, '25 - Today | $13,249,000 |
Additional Details
| AREA | C13 - Palms - Mar Vista |
|---|---|
| LOT | 0.9106 acre(s) |
| VIEW DESCRIPTION | None |
Location
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Listed with Marcus & Millichap
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
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