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$3,395,000
Est. payment /mo
9,802 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL26841573
HOA Y/N No
Lot Size 9,802 Sqft
Acres 0.225
Property Sub-Type Unimproved Land
Property Description
We are proud to offer an outstanding 35-Unit RTI Multifamily Development Opportunity located at 8521 Horner Street, Los Angeles, CA 90035, in the highly desirable Pico-Robertson area. The project is situated on an approximately 9,800 SF lot and is designed as a 5-story residential building with one level of subterranean parking. The approved plans currently include 29 base units, with additional storage areas that may be converted into ADU units. The ADU component can be designed as either 3 larger two-bedroom/two-bathroom ADUs of approximately 850 SF each, or as 6 studio ADUs of approximately 425 SF each, subject to final design and buyer verification. The planned project is currently presented as 29 base units plus 6 ADUs, for a total of 35 units, with a well-balanced mix of studio, one-bedroom, two-bedroom, and three-bedroom units. The proposed building includes approximately 26,675 SF of residential building area, plus approximately 9,342 SF of parking/bicycle parking area. The base unit mix includes 1 studio unit, 19 one-bedroom units, 7 two-bedroom units, and 2 three-bedroom units, with the ADU/storage conversion providing additional flexibility for the buyer. The project also includes 6 Very Low Income units, creating an attractive affordability component while maintaining a strong market-rate rental profile. Situated just south of Pico Boulevard and west of La Cienega Boulevard, 8521 Horner Street offers exceptional connectivity and urban convenience. The property is within close reach of major commercial corridors, public transit hubs, and upscale residential enclaves including Beverly Hills, Carthay Circle, Century City, West Hollywood, Culver City, and Downtown Los Angeles. The surrounding area features a vibrant mix of multifamily residences, trendy cafs, local markets, boutique shops, and neighborhood amenities. With a reported Walk Score of 84, the site combines strong walkability, day-to-day convenience, and a quieter residential setting on a tree-lined street. As an RTI multifamily project with a contemporary design, 8521 Horner Street presents a rare shovel-ready development opportunity in a centrally located, supply-constrained West Los Angeles rental market.
Location
State CA
County Los Angeles
Zoning [Q]R3-1-O
Interior
Fireplace No
Exterior
View Y/N true
View City Lights
Building
New Construction No
Others
Tax ID 4303032022
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Listed by Jordan Petito • Keller Williams Beverly Hills
NEARBY SCHOOL & BUSINESS
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