We are excited to present a unique opportunity to acquire a prime 7,019-square-foot parcel of vacant land located at 1255 S La Cienega Blvd, just north of Pico Blvd.This project is ready for immediate construction, as the plans have been fully approved and are RTI (Ready to Issue). The previous structure on the lot has already been demolished, allowing for a swift construction start date. This development will feature medical office space on the ground floor and 30 residential apartment units above, with three units designated for Extremely Low Income (E.L.I.) tenants. Additionally, the project includes a subterranean parking garage, providing ample parking for both residents and commercial tenants.The owner initially intended to occupy the property, which led to a strong focus on keeping construction and maintenance costs low without sacrificing quality. All the apartment units feature 9-foot ceilings, rather than the standard 8-foot ceilings, creating a brighter, more open, and spacious feel. Additionally, the tallest building on La Cienega Blvd is only two stories high, while all apartments in this RTI project start on the third floor and above. This design ensures that almost all units will have unobstructed views, including direct views of the iconic Hollywood Sign, making the property highly desirable.Located in the highly sought-after Pico-Robertson neighborhood, this property provides direct access to the vibrant La Cienega corridor and is just minutes from Beverly Hills. This prime location is ideal for both residential and commercial development. Additionally, the upcoming Metro station at Wilshire and La Cienega will offer convenient public transportation options for tenants and visitors to the medical office.
Property Details
Property Features
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Filip Niculete
Exterior Features
Exterior Information:
View: None
Lot Features
Lot Information:
Lot Size: 0.16 Acres
Other
Directions Information:
Directions: La Cienega & Pico
Price Information
Listing Price Info
Price Summary:
List Price: $3,995,000
Tax Information:
Annual Amount: $23,680
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.9M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24469861
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Filip Niculete
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/19/2024, 2:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 28, 2017
Mar 28, 2017Home Sold
$1,800,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$23,680
$1,988,994
2020
$22,295
$1,968,600
2019
$22,111
$1,872,720
2018
$1,430
$1,836,000
2017
$1,430
$107,079
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Carthay School
6351 W Olympic Blvd
Distance between this listing and this school0.50 miles
Public Magnet Grades KG-5
5
/10
Crescent Heights Blvd School
1661 S Crescent Heights Blvd
Distance between this listing and this school0.52 miles
Public District Grades KG-5
8
/10
Canfield Avenue Elementary School
9233 Airdrome St
Distance between this listing and this school0.89 miles
Public District Grades KG-5
Nearby Schools
8
/10
Horace Mann School
8701 Charleville Blvd
Distance between this listing and this school0.84 miles
Public District Grades KG-8
7
/10
Beverly Vista School
200 S Elm Dr
Distance between this listing and this school1.25 miles
Public District Grades KG-8
6
/10
New los Angeles Charter
1919 S Burnside Ave
Distance between this listing and this school1.39 miles
Public Charter Grades 6-8
Nearby Schools
8
/10
Los Angeles Center for Enriched Studies
5931 W 18th St
Distance between this listing and this school0.75 miles
Public District Grades 6-12
3
/10
Cheviot Hills Continuation
9200 Cattaraugus Ave
Distance between this listing and this school1.62 miles
Public District Grades 9-12
7
/10
Alexander Hamilton High School
2955 S Robertson Blvd
Distance between this listing and this school1.64 miles
The neighbors living near this home have an average income of $105,099. Residents of Los Angeles, CA typically earn between $100k-200k each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1255 S La Cienega Blvd
What is the listing price of this property?
The listing price of 1255 S La Cienega Blvd property is $3,995,000.
What type of property is this?
The property 1255 S La Cienega Blvd is land located in Los Angeles, California, 90035.
Is this property for sale now?
Active Listing: 1255 S La Cienega Blvd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $23,680 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 28, 2017 for $1,800,000. (source: MLS/tax record).
How much acreage is this property?
The property 1255 S La Cienega Blvd is 0.16 acres.
Interested in 1255 S La Cienega Blvd? Let's connect.
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This home is located at 1255 S La Cienega Blvd in Los Angeles, CA and zip code 90035 in the Central LA neighborhood. This home sits on a 0.16 acre lot. It has been listed on Rocket Homes since December 06, 2024 and is currently priced at $3,995,000.
Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 sold below. The number of listings in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. In November 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,021,532.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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