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Real Estate Listing at Properties from The Knight Group LA

Properties

The Knight Group LA

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$14,300,000
3 Days On Site

3219 Overland Avenue
Los Angeles, CA 90034

For Sale|Land|Active
County:
Los Angeles
Listed by Filip Niculete of Marcus & Millichap info@laaa.com
Call Now: 503.200.4823
Is this the listing for you? We can help make it yours.
503.200.4823
3219 Overland Avenue3219 Overland Avenue3219 Overland Avenue3219 Overland Avenue
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Monthly Payment (Est.)

$65,242
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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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Listing Snapshot
Price 
$14,300,000
Days On Site 
3 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.9106 Acres
Year Built 
N/A
MLS® Number 
25536793
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 days agoListing updated with changes from the MLS®
3 days agoListing first seen on site
General Features
Acres 
0.9106
Special Circumstances 
Standard
Zoning 
R3-1
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Exterior Features
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None
Waterview 
None
Community Features
MLS Area 
C13 – Palms – Mar Vista
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This information 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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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