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1656 Sawtelle Blvd, Los Angeles, CA 90025
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1656 Sawtelle Blvd Los Angeles, CA 90025

$3,995,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$3,995,000 Get Pre-Qualified
Map preview of 1656 Sawtelle Blvd, Los Angeles, CA 90025

Property Overview: 1656 Sawtelle Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 7,005 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are excited to present a primely located development opportunity located at 1656 Sawtelle Blvd, Los Angeles, CA 90025.The project is ready for immediate construction with the plans being fully approved and RTI (ready to issue). Also, the old structure on the lot has already been demolished allowing for an even quicker construction start date.The RTI plans call for the development of 33 apartment units that will span an 24,804 square feet of gross building area. The proposed design includes 21 one-bedroom/one-bath and 12 two-bedroom/one-bath apartments, four of which are designated for very low-income tenants.This opportunity provides a unique advantage to bypass SB330 regulations and develop 33 units in a prime location at the heart of one of Los Angeles' most booming sub-markets. West Los Angeles is a continually growing area with some of the lowest vacancy rates in the county.1656 Sawtelle is located in the the Sawtelle neighborhood of West Los Angeles which is a vibrant and eclectic area that serves as a cultural crossroads, most notably highlighted by its "Little Osaka" district that showcases a rich blend of Japanese and American culture. This diverse and bustling community is a food lover's paradise, renowned for its array of sushi bars, ramen houses, and specialty grocery stores, as well as a variety of other international cuisines. Not just a gastronomic haven, Sawtelle is also a commercial and residential hub, featuring trendy boutiques, art galleries, and modern apartment complexes. The neighborhood enjoys excellent accessibility, bordered by major arteries like the 405 Freeway and Santa Monica Boulevard, making it convenient for both residents and visitors. Adding to its allure are its green spaces such as Stoner Recreation Center, where families can enjoy outdoor activities in a relaxed setting. With its unique blend of cultural diversity, commercial vitality, and residential comfort, Sawtelle offers a microcosm of what makes West Los Angeles one of the most desirable places to live and visit.

Listed by Filip Niculete | BRE #01905352 | Marcus & Millichap
Co-listed by Glen Scher | BRE #01962976 | Marcus & Millichap
Last checked: 7 seconds ago | Last updated: March 19th, 2024 | Source CRMLS | DOM: 213
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Home details

Lot Sq. Ft
7,005
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
23314005
City
Los Angeles
County
Los Angeles
Time on Site
221 days

Open Houses for 1656 Sawtelle Blvd

No upcoming open houses

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Property Details for 1656 Sawtelle Blvd

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Parcel Number: 4261008013
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Santa Monica & Sawtelle
View more facts & features

Local Los Angeles Agent

Sale History for 1656 Sawtelle Blvd

Last sold for $3,015,000 on March 19th, 2019

  • September, 2023

  • Sep 21, 2023

    Date

    Active

    CRMLS: 23314005

    $4,200,000

    Price

  • September, 2023

  • Sep 20, 2023

    Date

    Canceled

    CRMLS: 23280595

    $4,375,000

    Price

  • Jun 14, 2023

    Date

    Active

    CRMLS: 23280595

    $4,375,000

    Price

  • Listing provided courtesy of CRMLS

    Fully approved, RTI (ready to issue permits) for thirty-three (33) units in a highly desirable Sawtelle location. With the demo complete, this allows a developer to start immediate construction on a premier building in an A+ neighborhood. This is an amazing opportunity to skip SB330 and build 33 units on a valuable street in the center of one of the hottest sub-markets in Los Angeles, which is experiencing constant growth and one of the county's lowest vacancy rates. Located steps away from a Target, an incoming Whole Foods, office buildings, multiple restaurants and stores in the vibrant Sawtelle neighborhood. Opportunity to have a gross yearly income of +$1,200,000 once stabilized. The 33 units are comprised of 21 1-BR, and 12 2-BR units. Buyer to verify reducing parking requirements.

  • April, 2023

  • Apr 28, 2023

    Date

    Canceled

    CRMLS: 22195585

    $4,950,000

    Price

  • Sep 1, 2022

    Date

    Active

    CRMLS: 22195585

    $5,495,000

    Price

  • Listing provided courtesy of CRMLS

    PRICE REDUCTION. Rare Offering, fully approved, RTI (ready to issue permits) for thirty-three (33) units in a highly desirable West LA location. With the demo complete, this allows a developer to start immediate construction on a premier building in an A+ neighborhood. This is an amazing opportunity to skip SB330 and build 33 units on a valuable street in the center of one of the hottest sub-markets in Los Angeles, which is experiencing constant growth and one of the county's lowest vacancy rates. Located steps away from a Target, an incoming Whole Foods, office buildings, multiple restaurants and stores in the vibrant Sawtelle neighborhood. The 33 units are comprised of 21 1-BR, and 12 2-BR units.

  • November, 2022

  • Nov 19, 2022

    Date

    Expired

    CRMLS: 21106297

    $5,900,000

    Price

  • Nov 18, 2021

    Date

    Active

    CRMLS: 21106297

    $5,900,000

    Price

  • Listing provided courtesy of CRMLS

    Rare Offering, under $200k/a buildable door with fully approved, RTI (ready to issue permits) for thirty-three (33) units located steps away from a Target, an incoming Whole Foods, office buildings, multiple restaurants and stores in the vibrant Sawtelle neighborhood. This is an amazing opportunity to skip the SB330 hassle and build 33 units on a premier street in the center of one of the hottest sub-markets in Los Angeles, which is experiencing constant growth and one of the county's lowest vacancy rates. The 33 units are comprised of 21 1-BR, and 12 2-BR units. The property will be delivered vacant with fully-approved, ready to issue permits to Buyer at closing.

  • March, 2019

  • Mar 19, 2019

    Date

    Sold (Public Records)

    Public Records

    $3,015,000

    Price

  • February, 2019

  • Feb 27, 2019

    Date

    Sold

    CRMLS: SB18241784

    $2,325,000

    Price

  • Jan 8, 2019

    Date

    Pending

    CRMLS: SB18241784

    $1,899,900

    Price

  • Oct 18, 2018

    Date

    Active Under Contract

    CRMLS: SB18241784

    $1,899,900

    Price

  • Oct 11, 2018

    Date

    Active

    CRMLS: SB18241784

    $1,899,900

    Price

  • Listing provided courtesy of CRMLS

    Triplex, first time on the market! Approximately 7000 square feet street to street lot. Trust Sale. Three structures, large yard area, fenced.

  • February, 2019

  • Feb 26, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,325,000

    Price

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Tax History for 1656 Sawtelle Blvd

Assessed Value (2020): $3,075,300
Year Land Value Improved Value Assessed Value
2020 $2,856,000 $219,300 $3,075,300

Home Value Compared to the Market

This property vs the competition

1656 Sawtelle Blvd is listed 223.22% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000.

About 1656 Sawtelle Blvd

Detailed summary of property

1656 Sawtelle Blvd is a land located in Los Angeles, CA 90025 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 7,005 square foot lot. 1656 Sawtelle Blvd was first listed on ArdentRealEstateGroup.com on September 21, 2023. The homeowner is currently asking $3,995,000 and was originally asking $4,200,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 223.22% higher than the median priced home. Local competing homes currently for sale include 2333 Nottingham Ave, 1338 W Manchester Ave and 4420 S Broadway. While the average home in Los Angeles, CA is selling in 96 days, 1656 Sawtelle Blvd has a days on market of 213 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 1656 Sawtelle Blvd Los Angeles, CA 90025 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1656 Sawtelle Blvd

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
2,181
Lot Size
7,005
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
4261-008-013

The source for these homes facts are from public records.

90025 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,000
Median List Price/Sq.Ft.
$767
Median Sold Price
$1,250,000
Median Sold Price/Sq.Ft.
$733
Total Inventory
104
Median Sale to List Price %
96.53%
Avg Days on Market
25
Loan Type
Conventional (20%), FHA (0%), VA (0%), Cash (6.67%), Other (6.67%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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