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For Sale

$1,250,000

5,484 sqft$228/sqft66 days on market

1000 N Gardner Street

West Hollywood, CA 90046

· 8% down, 7% APR, 30yr fixed

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Beds

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Baths

5,484

Square feet

—

Built

Listing narrative

Description

We are pleased to present 1000 N. Gardner Street, a lender-owned development opportunity situated on a vacant corner lot in one of West Hollywood's most desirable neighborhoods. The property sits on a 5,483-square-foot parcel zoned R3-B, offering an excellent opportunity for developers and investors to construct a four-unit luxury apartment or condominium project. The site previously carried approved plans for a four-unit, 6,939-square-foot building with 1,057 square feet of private balconies and a 4,568-square-foot subterranean garage. Although those plans have since expired, they establish a strong development precedent and confirm the site's design feasibility. Excavation and shoring were previously initiated, though given the time elapsed, portions may require reassessment or reconstruction prior to new development. The property may also qualify under SB 684, California's 2024 streamlining law that enables ministerial approval for small, for-sale infill projects with 10 or fewer units reducing entitlement timelines and adding flexibility for boutique condominium or townhome developers. Located within mile of major transit routes along Santa Monica Boulevard and Fairfax Avenue, the site also qualifies under AB 2097, which removes minimum parking requirements for new developments in transit-rich areas. This provision allows future ownership to design efficiently and reduce construction costs while maintaining marketable parking ratios if desired. The seller is committed to supporting a smooth development process and is offering favorable financing options, with terms that may vary based on the buyer's experience providing flexibility to seasoned builders and emerging developers alike. Ideally situated near Melrose Avenue and Santa Monica Boulevard, 1000 N Gardner enjoys a Walk Score of 93 ("Walker's Paradise"), surrounded by renowned restaurants, designer boutiques, and vibrant entertainment venues. The site's location, strong housing demand, and entitlement flexibility make it an exceptional West Hollywood infill opportunity.

Listing agent (MLS): Shara Parseghian · Listing brokerage (MLS): Marcus & Millichap

Property Details

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Price

$1,250,000

Beds

Beds n/a

Type

Land

Home Size

5,484 sqft

Baths

Baths n/a

Lot Size

0.13 acres

Year

Year n/a

Status

For Sale

Days on Market

66

$ / Sqft

$228

· 8% down, 7% APR, 30yr fixed
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Courtesy of Marcus & Millichap