3123 Livonia Ave
LOS ANGELES, CA 90034

Property

Ownership: For Sale
Area: 12866 sq ft
Lot Size: 0.3 Acres

Financials

Price:$3,250,000
271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of Marcus & Millichap

3123 Livonia Ave La

Description

We are pleased to present the exclusive listing 3123 Livonia Avenue, a prime 12,866 SF development site in the Palms neighborhood of West Los Angeles, located steps from the Robertson and National intersection at the gateway to Culver City and the Westside .The current vacant property offers a high-density redevelopment opportunity under Los Angeles' most advantageous housing incentive frameworks, including the Mixed-Income Incentive Program (MIIP) in combination with CHIP. This structure allows developers to significantly increase unit density, deliver a modern mixed-income apartment project, and benefit from zero parking requirements, substantially improving design efficiency and project economics. As a conceptual planning guide only, a MIIP + CHIP scenario may support approximately 12-13 units per residential floor. This assumes a gross floor plate is approximately 8,000 SF with net rentable roughly 6,400 SF per floor after reducing for hallways, staircases, etc. The first floor includes lobby area, trash room, and mail room; thus, reducing yield by roughly two units. Under this framework, total unit count could approximate 8289 units, with a potential mix of ~90% micro units and ~10% small three-bedroom units, while dedicating only a limited portion of units to affordability. Buyers should rely on their own independent analysis and expertise. Given the site's prime West LA location, proximity to transit, employment, and lifestyle amenities, MIIP + CHIP represents a best-in-class development strategy for capturing strong Westside rental demand while maximizing density and long-term value. AHIP/CHIP remains an alternative pathway for fully affordable projects, though the property's market fundamentals strongly favor a mixed-income, market-driven approach. Notable incentives include but not limited to: Unlimited Density. 45% increase in FAR, making it 4.35. 22 feet/2 story height increase to 67 feet, which can be further increased to 7 stories if 10% of the units are 3 bedrooms. Seven stories is the optimal approach. Affordability: 12% of the total units need to be ELI (Extremely Low Income). Additional incentives are available, such as reduced setbacks and common open space.

CLAW

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.