1255 South La Cienega Boulevard

Los Angeles, CA 90035

$3,995,000
Price
7,019 / 0.16
Lot Size / Acres
an aerial view of a pool with a yard
a city street filled with lots of traffic
a view of city
a view of a building with sitting area
a view of an outdoor space
a view of water heater room
an aerial view of residential houses with outdoor space
a view of lake with city view
an aerial view of a city
a view of swimming pool with outdoor seating
an aerial view of a city
a view of building and street
a view of balcony with a potted plant
a view of a city with ocean

Description

We are excited to present a unique opportunity to acquire a prime 7,019-square-foot parcel of vacant land located at 1255 S La Cienega Blvd, just north of Pico Blvd. This project is ready for immediate construction, as the plans have been fully approved and are RTI (Ready to Issue). The previous structure on the lot has already been demolished, allowing for a swift construction start date. This development will feature medical office space on the ground floor and 30 residential apartment units above,...We are excited to present a unique opportunity to acquire a prime 7,019-square-foot parcel of vacant land located at 1255 S La Cienega Blvd, just north of Pico Blvd. This project is ready for immediate construction, as the plans have been fully approved and are RTI (Ready to Issue). The previous structure on the lot has already been demolished, allowing for a swift construction start date. This development will feature medical office space on the ground floor and 30 residential apartment units above, with three units designated for Extremely Low Income (E. L. I.) tenants. Additionally, the project includes a subterranean parking garage, providing ample parking for both residents and commercial tenants. The owner initially intended to occupy the property, which led to a strong focus on keeping construction and maintenance costs low without sacrificing quality. All the apartment units feature 9-foot ceilings, rather than the standard 8-foot ceilings, creating a brighter, more open, and spacious feel. Additionally, the tallest building on La Cienega Blvd is only two stories high, while all apartments in this RTI project start on the third floor and above. This design ensures that almost all units will have unobstructed views, including direct views of the iconic Hollywood Sign, making the property highly desirable. Located in the highly sought-after Pico-Robertson neighborhood, this property provides direct access to the vibrant La Cienega corridor and is just minutes from Beverly Hills. This prime location is ideal for both residential and commercial development. Additionally, the upcoming Metro station at Wilshire and La Cienega will offer convenient public transportation options for tenants and visitors to the medical office.
  1. Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01238010 • Marcus & Millichap
  2. Listed by Sevak Keshishian • DRE #01887505 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 1255 South La Cienega Boulevard

Zoning
LAC2
Parcel Number
4332028012
Area
Beverly Center-Miracle Mile (C19)
Lot Size Area
7019
Source Lot Size Area
Developer
Present Use
Vacant Land
Potential Usage
Mixed Use
Assessor Parcel Number
4332-028-012
LISTING UPDATED: 12/13/2024 12:01 AM

Property Details for 1255 South La Cienega Boulevard

StatusActive
MLS #24-469861
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.16 AC
CountyLos Angeles County

Building Information for 1255 South La Cienega Boulevard

Lot Size0.16 AC

Property Information for 1255 South La Cienega Boulevard

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Lot Acreage: 0.1476
  • Lot Size Square Feet: 7019
  • Telephone: 1.0
  • Cable: 1.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 12-05-2024

Property History for 1255 South La Cienega Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1255 South La Cienega Boulevard

Taxable ValueLand$2,110,734Additions-Total$2,110,734
Tax Record2024$25,626 ($2,136 / month)
Home Facts
Lot Size6,496 SqFtStyleCommercialYear Built1964ZoningLAC2CountyLOS ANGELESAPN4332-028-012

Schools near 1255 South La Cienega Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Carthay Center Elementary
Public - K to 5
Emerson Community Charter School
Charter - 6 to 8
Fairfax Senior High School
Public - 9 to 12
Los Angeles Center For Enriched Studies
Public - 6 to 12
Rating
School
Distance
Carthay Center Elementary
PublicK to 5

Emerson Community Charter School
Charter6 to 8

Fairfax Senior High School
Public9 to 12

Los Angeles Center For Enriched Studies
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1255 South La Cienega Boulevard, Los Angeles, CA 90035

1255 South La Cienega Boulevard is a 0.16 ac of land for sale in Los Angeles, CA 90035. This property was listed for sale on December 5, 2024 by Marcus & Millichap, it's currently listed at $3,995,000. It has been on the market for a total of 13 days and was last sold on February 28, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include Carthay Center Elementary, Emerson Community Charter School and Fairfax Senior High School. 1255 South La Cienega Boulevard is a 0-bed, 0-bath, 0.16 ac of land on a 7,019 sq. ft. / 0.16 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Sevak Keshishian, DRE #01887505

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.