11061 Ohio Ave presents a rare West Los Angeles triplex opportunity consisting of three vacant units: one spacious 5-bedroom/3-bath unit with a den, one 2-bedroom/2-bath unit with a den, and one 1-bedroom/1-bath unit with a den. Delivered fully vacant, the property offers immediate flexibility for an owner-user, investor, or developer to renovate and lease the units at current market rents, maximizing income potential from day one.11061 Ohio Ave may also be acquired together with 1433 S. Bentley Ave, creating a combined 12,000+ SF development site. The site's [Q]RD3-1-O zoning and favorable transit-oriented positioning may support the development of approximately 3536 residential units through a stacked density bonus strategy utilizing AB 1287 "Double Bonus" incentives. Under this framework, a developer may be able to increase achievable density while improving project economics through potential parking reductions, enhanced FAR allowances, and streamlined entitlement pathways.
| MLS # | 26848925 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1947 |
| Days On Site | 69 |
| Listing Provided By | Equity Union | Eliyahu Appel |
| Bed(s) | 8 |
|---|---|
| Bath(s) | 6 |
| SQ Feet | 4,316 |
| Story(s) | 2 |
| Units | 3 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.14 |
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Appliances | Refrigerator |
| Parking Features | Garage |
|---|---|
| Garage Yes / No | Yes |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90025 |
| Area | C05 Westwood Century City |
| Listing VS Median (in 90025) | |
Price: $2,150,000 low | high Med: $3,799,000 sqft: 4,316 low | high Med: 4,916 $ / sqft: $498 low | high Med: $773 On site: 69 low | high Med: 101 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90025 |
| Area | C05 Westwood Century City |
| Listing VS Median (in 90025) | |
Price: $2,150,000 low | high Med: $3,799,000 sqft: 4,316 low | high Med: 4,916 $ / sqft: $498 low | high Med: $773 On site: 69 low | high Med: 101 | |