10330 Bellwood Avenue

Los Angeles, CA 90064

$37,888,888

List Price

7

bed Beds

99

shower Baths

31,651 sqft

straighten / sqft

1940

calendar_month Built

Property Description

We are pleased to present a rare and exceptional investment opportunity in Century City, one of Los Angeles' most prestigious and sought-after locations. Situated on Bellwood Avenue, just off West Olympic Boulevard, this portfolio encompasses seven parcels offering a combination of development potential and apartment units. This assemblage includes two development lots and 99 apartment units across seven parcels. The properties feature significant redevelopment opportunities, such as the 13 vacated units at 10341 Bellwood Avenue and the 12,091-square-foot vacant lot at 10330 Bellwood Avenue, both zoned C2-1VL-O, allowing for substantial new construction by-right or with density bonuses. The other properties include 17 bungalow-style units at 10368-10384 Bellwood Avenue, 12 of which have been fully renovated to modern standards, and 82 units at 1034010360 Bellwood Avenue, with 60 units similarly upgraded. The mid-century architecture of these properties, including Streamline Moderne and bungalow-style designs, offers not only aesthetic appeal but also the potential for Mills Act designation, which could provide significant property tax reductions. Located just minutes from Westfield Century City, a premier luxury shopping and lifestyle destination, these properties are ideally situated to capitalize on the area's robust demand for housing. Century City's continued growth, coupled with its status as a hub for major entertainment, legal, and financial firms, ensures strong demand and high barriers to entry, making this portfolio a unique opportunity for long term capital appreciation and value creation. This offering represents a generational investment in a prime location, allowing investors to control a significant and strategic assemblage in one of Los Angeles' most dynamic neighborhoods.

Listing Information

List Price $37,888,888
Status Active
MLS 25490807
Type Residential Income
Year Built 1940
Lot Size 77,079
Structure Size 31,651
DOM 72
Courtesy Of Marcus & Millichap
Listing Agent Neema Ahadian DRE#01346750
Co-Listing Agent Jonathan Taksa DRE#01366169

Interior Features

Total Bedroom
Bedrooms 7
Total Bathroom
Bathrooms 99
Cooling Type
Cooling Type None
Heating Type
Heating Type None

Maps

home_work Nearby Properties

Listing information courtesy of: Neema Ahadian, Jonathan Taksa, Marcus & Millichap 310-909-5444. *Based on information from the Association of REALTORS/Multiple Listing as of Mar 6th, 2025 at 5:50 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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. Properties may or may not be listed by the office/agent presenting the information.