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MLS:25536793

3219 Overland, Los Angeles, CA 90034

Priced at: $13,249,000
Bedrooms:
0
Bathrooms (Full):
0
Bathrooms (Half):
0
Lot SqFt:
39,666 Sq Ft
This offering presents a rare, unentitled development opportunity in the Palms neighborhood of West Los Angeles, comprising three contiguous parcels totaling approximately 39,666 square feet (~0.91 acres). Zoned R3-1 and offered as a single combined site, the property includes two vacant lots and one improved parcel with a 10-unit rent-stabilized building. Its strategic Westside location, flexible zoning, and eligibility for a wide range of incentive programs make it an attractive candidate for large-scale market-rate or affordable housing development. Located in a TOC Tier 2 area and a Low VMT zone, the property also benefits from eligibility for parking reductions and ministerial approval processes under AB 2097 and AB 2334. The site is being marketed unpriced via a Request for Offer process. Whether a developer is pursuing a high-density market-rate plan or a LIHTC-financed mixed-income project, this unified assemblage offers one of the most versatile and scalable infill opportunities on the Westside. The site qualifies for multiple high-impact development pathways, including the City of Los Angeles's Mixed-Income Incentive Program (MIIP), California's State Density Bonus Law (SDBL) with AB 1287 enhancements, and SB 684's ministerial approval process (applicable to the two vacant parcels). Each path offers a distinct mix of density potential, affordability requirements, and entitlement complexity allowing developers to tailor the project to their financing strategy and business plan. Further enhancing its viability, the site is designated as both a HUD Difficult Development Area (DDA) and a "Highest Resource" Area under the 2025 TCAC/HCD Opportunity Area Maps. These designations provide a 30% basis boost for LIHTC-eligible costs (DDA) and improved scoring competitiveness for 9%tax credits and other state funding programs (Highest Resource).

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MLS: 25536793
3219 Overland, Los Angeles, CA 90034
Price: $13,249,000
Listing courtesy of Marcus & Millichap

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Property information shown has been provided from various sources, which can include the seller and/or public records. It is believed reliable but not guaranteed and should not be relied upon without independent verification.

Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. All dimensions are estimates only and may not be exact measurements. Square Footages are approximate. Floor plans and development plans are subject to change. The sketches, renderings, graphic materials, plans, specifics, terms, conditions and statements are proposed only, and the developer, the management company, the owners and other affiliates reserve the right to modify, revise or withdraw any or all of same in their sole discretion and without prior notice. All pricing and availability is subject to change. The information is to be used as a point of reference and not a binding agreement.

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