4545 -4537 Santa Monica Boulevard, Los Angeles, CA 90029


Lot Size

Listing Agent
Jason Tuvia - Marcus & Millichap

We are pleased to present a 9,986 square foot nearly RTI redevelopment site for re-design located at 4541-4545 Santa Monica Boulevard in Los Angeles, California. The subject property is situated in a prime Virgil Village location two (2) blocks away from Silver Lake, west of Virgil Avenue and north of Santa Monica Boulevard. This offering is positioned on two (2) parcels totaling 9,986 square feet (SF) of land with a zoning ordinance of LAC2-1D where the D suffix is a limitation to the buildable area of the lot, and for conformance to the Vermont/Western Station Neighborhood Area Plan (SNAP). The project is offered with plans that are nearly RTI (to re-design if desired) for a five-story luxury mixed-use redevelopment. Tier 3 TOC allows the current plans to feature twenty-three (23) total units. Additionally, the TOC bonus incentives allow for a 72ft height limit, an increase to the transitional height, a reduction to open space, and a front step back height increase. The current plans include three (3) commercial use spaces on the ground level and the second floor. Twenty-three (23) parking spaces are planned for the residential units in a subterranean gated garage, and nine (9) parking spaces are planned for the commercial units on the ground level. The project boasts numerous luxury amenities such as a two-story gym, open space patio, two (2) lobbies, bicycle parking, a public theater space, a conference room, roof decks, a pool, and more. With TOC incentives, a developer has the option to modify the RTI plans and build up to forty-three (43) residential units. Positioned in a prime Virgil Village location two (2) blocks away from Silver Lake, this offering presents a rare opportunity for an astute developer to capitalize on re-designing a nearly RTI project for a luxury mixed-use redevelopment.

Facts & Features

MLS® # 23332445
Price $2,350,000
Bathrooms 0.00
Lot Size 9,986
Year Built 1924
Type Commercial Sale
Status Active
# Of Units 2

Community Information

Address 4545 -4537 Santa Monica Boulevard
Area C21 - Silver Lake - Echo Park
City Los Angeles
County Los Angeles
State CA
Zip Code 90029


Parking Spaces 13
Is Waterfront No
Has Pool No


Has Basement No
Fireplace No
# of Stories 1


Lot Description Corner Lot, Landscaped, Value In Land, Tear Down

Additional Information

Date Listed November 15th, 2023
Days on Market 16
Zoning LAC2-1D
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentJason Tuvia
OfficeMarcus & Millichap

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?