We present a rare and exceptional investment opportunity in Century City, one of Los Angeles' most prestigious and sought-after locations. Situated on Bellwood Avenue, just off West Olympic Boulevard, this portfolio encompasses seven parcels offering a combination of development potential and apartment units. This assemblage includes two development lots and… Read More 99 apartment units across seven parcels. The properties feature significant redevelopment opportunities, such as the 13 vacated units at 10341 Bellwood Avenue and the 12,091-square-foot vacant lot at 10330 Bellwood Avenue, both zoned C2-1VL-O, allowing for substantial new construction by-right or with density bonuses. The other properties include 17 bungalow-style units at 10368-10384 Bellwood Avenue, 12 of which have been fully renovated to modern standards, and 82 units at 10340-10360 Bellwood Avenue, with 60 units similarly upgraded. The mid-century architecture of these properties, including Streamline Moderne and bungalow-style designs, offers not only aesthetic appeal but also the potential for Mills Act designation, which could provide significant property tax reductions. Located just minutes from Westfield Century City, a premier luxury shopping and lifestyle destination, these properties are ideally situated to capitalize on the area's robust demand for housing. Century City's continued growth, coupled with its status as a hub for major entertainment, legal, and financial firms, ensures strong demand and high barriers to entry, making this portfolio a unique opportunity for long-term capital appreciation and value creation. This offering represents a generational investment in a prime location, allowing investors to control a significant and strategic assemblage in one of Los Angeles' most dynamic neighborhoods. Read Less
Courtesy of Marcus & Millichap 310-909-5500
Listing Snapshot
Days Online
8
Last Updated
Property Type
Other
Beds
7
Square Ft.
7,376
Lot Size
0.5 Acres
Year Built
1940
MLS Number
25507451
30 Days Snapshot Of 90064
$2,205k
+5%
(avg) sold price
21
+200%
homes sold
61
-30%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
7,376 sq ft, Built in 1940, Levels: One
Cooling
None
Disclosures
None
Garage
None
Heating
None
Lot
LotAcreage: 0.5011, LotSizeArea: 21,829
Parking
TotalParking: 0
Property
NumberOfUnits: 17, Zoning: LAR3
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