FOR SALE
Mixed-Use Development Opportunity
±188,000 F.A.R. Square Feet

Utilizing TOC TIER 3 Benefits
Unlimited Height by Right


Excellent Westside Los Angeles Location
SEC of Wilshire Blvd. and Barrington Ave.

 

Offers Due: Thursday, July 1, 2021
by 5:00 PM

CBRE, Inc., as exclusive advisor, is pleased to present a high profile, mixed-use
development site at the southeast corner of Wilshire Boulevard and Barrington Avenue
in the highly coveted Brentwood submarket. This dynamic, pedestrian-friendly site
is zoned [Q]C2-2-CDO “General Commercial” and is not restricted to a height limit.
Utilizing Los Angeles’ Transit Oriented Communities (TOC) ordinance, 11680 Wilshire
Boulevard, as a TOC Tier 3 property, is suitable for the development of approximately
±188,000 floor area ratio (FAR) square feet. The TOC Tier 3 benefits also make
11680 Wilshire Boulevard eligible for the development of up to ±97 residential units.
Additionally, the property’s zoning allows for a variety of development possibilities “by
right.” It may be developed for residential, senior housing, retail, hotel, office or any
combination of these product types. With all of the options, some ground floor retail
would be required.

Located on Wilshire Boulevard, approximately 3.5 miles from the Pacific Ocean, this
development opportunity is an almost half acre site with excellent visibility on one
of Los Angeles’ most prominent thoroughfares. The prime location adjoins some of
Los Angeles’ most sought after sub-markets. Situated west of the 405 freeway with
a coveted Wilshire Boulevard address, the property is at the southern gateway to
Brentwood, an affluent neighborhood, home to some of the most expensive residences,
as well as the chicest restaurants and shops in Los Angeles’ Westside.

The City of Santa Monica lies just blocks to the west of the subject site and offers a
plethora of retail and cultural amenities, and is an employment hub for nearly 290,000
daytime employees. Due east of the subject property is Westwood, home to UCLA and
the numerous retail shops comprising Westwood Village.

In 2027 the Los Angeles Metro Rail is expected to begin rail service operations at
the Westwood/VA Hospital Purple Line Metro Station. Located half a mile from 11680
Wilshire Boulevard, the Purple Line will offer a dependable alternative for commuters
traveling between Downtown Los Angeles, Beverly Hills, Century City and Westwood/
UCLA. The Expo Line Station at Bundy is approximately 1.6 miles from 11680 Wilshire
and connects Santa Monica Beach with Culver City, USC and Downtown Los Angeles.

11680 Wilshire Boulevard is offered on an unpriced basis.

Offers are due Thursday, July 1, 2021 by 5:00 pm.

For more information, please visit: www.11680Wilshire.com

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INVESTMENT HIGHLIGHTS
Unlimited Height by Right
Almost 9:1 FAR utilizing Tier 3 TOC benefits
TOC Tier 3 Site
Proximity to the major Los Angeles employments hubs of West Los Angeles, Santa Monica, Silicon Beach (Santa Monica, Venice, Marina del Rey, Playa del Rey & Playa Vista), Century City, Beverly Hills, Culver City, South Bay and Downtown Los Angeles
Short walk to numerous Brentwood shops and restaurants on San Vicente Boulevard
Easy access to the 405 and 10 Freeways
PLEASE CONTACT:
LAURIE LUSTIG-BOWER
Executive Vice President
+1 310 550 2556
[email protected]
Lic. 00979360
KADIE PRESLEY WILSON
First Vice President
+1 310 550 2575
[email protected]
Lic. 01476551
www.11680Wilshire.com
CBRE
 


THIS IS A MARKETING COMMUNICATION

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