1901 S Holt Ave, Los Angeles, CA 90034
INVESTMENT OVERVIEW
This 8,431 SF RD2-1 zoned parcel will be delivered Ready-to-Issue (RTI) for a 5-story, 53-unit multifamily development in the highly sought-after Palms/Castle Heights submarket of West Los Angeles. The approved plans consist exclusively of one-bedroom units, ideal for catering to the strong and stable demand from working professionals, couples, and small households seeking well-located, mid-sized rental units.
Strategically positioned near the Robertson Blvd corridor, 1901 S Holt Ave benefits from excellent access to Downtown Culver City, Beverly Hills, Century City, and Santa Monica. With close proximity to the Expo Line, 10 Freeway, and Pico-Robertson’s amenities, the site offers tenants strong transit and lifestyle advantages while providing investors with a location that has historically exhibited low vacancy and high absorption rates.
Though not in a TOC Tier zone, the by-right zoning allows for immediate project delivery without discretionary delays or TOC-related restrictions. The property’s design—centered on efficient floorplans and maximized net rentable area—positions it well for market-rate leasing or hybrid strategies, including Section 8 or workforce housing programs.
As West LA continues to face housing shortages and rising barriers to entitlement, 1901 S Holt Ave stands out as a shovel-ready development in a rarely available infill location. With RTI permits secured, developers and investors can break ground immediately—capturing upside in a high-demand submarket with long-term rent growth and institutional buyer appeal.
1901 S Holt Ave,
Project Overview
| Project Information | |
|---|---|
| Gross Building Area | 28,190 SF |
| Build-able Units | 53 Unit 53 (1-Bedroom) |
| Stories | 5 |
| Net Rentable Square Footage | 25,582 SF |
| Average Unit Size | 440 SF |
| Lot Size | 8,431 SF |
| Legal Description | |
| Site Address | 1901 S Holt Ave, Los Angeles, CA 90034 |
| Zoning | RD2-1 | Tier: None |
| APN | 4302025011 |
| Existing Condition: | Office Building |
1901 S Holt Ave,
Price Analysis
Gross Building Area
28,190 SF
Buildable Units
53
Stories
5 Floors
Lot Size
8,431 SF
Net Rentable Area
25,582
| COST SUMMARY | |
|---|---|
| Acquisition Costs: | $ 3,445,000.00 |
| Operating Expenses at 5% of Acquisition | $172,250.00 |
| Construction Costs: | $5,638,000.00 |
| Total Development Costs | $9,255,250.00 |
| Plan #1 : DISPOSITION | ||
|---|---|---|
| Projected Property Value: | $19,475,787.69 | |
| Disposition Cap Rate: | 6.50% | |
| Sales Proceeds at Disposition: | ||
| Projected Sale Value: | $ 19,475,787.69 | |
| Broker Commission: at 6.0% of Sale Price | $ 1,168,547.26 | |
| Closing Cost: at 0.5% of Sale Price | $ 97,378.94 | |
| Net Sale Proceed | $ 18,209,861.49 | |
| less: Project Cost | $ 9,255,250.00 | |
| Net Profit | $ 8,954,611.49 | |
| ROI | 96.75% | |
| PLAN #2: HOLD | |
|---|---|
| OPERATING PERFORMANCE | |
| Scheduled Lease Revenue | $ 1,644,060.00 |
| less: Manager Unit | - |
| less: Vacancies & Bad Debt at 3.00 % | $ 49,321.80 |
| less: Operating Expenses | $ 328,812.00 |
| Total | $ 378,133.80 |
| Residential Cash Flow | $ 1,265,926.20 |
| Net Operating Income | $ 1,265,926.20 |
| Cap Rate on Total Cost | 13.68% |
1901 S Holt Ave,
Project Plans
Beverlywood Vicinity
Neighborhood
1901 S Holt Ave is located in the Beverlywood vicinity of West Los Angeles, a well-established residential submarket positioned between Beverlywood, Castle Heights, and Pico-Robertson. The property benefits from immediate access to Pico Boulevard, Robertson Boulevard, and the I-10 Freeway, providing efficient connectivity to Century City, Beverly Hills, Culver City, Downtown Los Angeles, and Santa Monica. Public transportation options include nearby Metro bus routes and access to the Metro E (Expo) Line, supporting commuter demand and regional mobility.
The Beverlywood vicinity is characterized by a stable, employment-driven population composed primarily of working professionals and small households. Demand is supported by proximity to major employment centers in media, entertainment, healthcare, education, and professional services, particularly in Century City, Culver City, and Beverly Hills. The area maintains consistent population density and long-term residential stability.
Housing in the Beverlywood vicinity is highly supply-constrained, with limited opportunities for new multifamily development due to zoning controls and neighborhood build-out. Existing housing stock consists primarily of low-rise multifamily properties and single-family residences. Well-located rental properties benefit from low turnover, strong occupancy, and durable demand driven by the area’s central Westside location.
The neighborhood offers a balanced urban-residential lifestyle, with convenient access to dining, retail, and cultural amenities while retaining a predominantly residential character. Nearby destinations include Pico-Robertson, Downtown Culver City, Century City, and Beverly Hills, providing residents with access to employment, shopping, and entertainment without the density associated with core Downtown locations.
The area is served by the Los Angeles Unified School District (LAUSD) and is located near a range of public and private school options in the Beverlywood and Pico-Robertson areas. The property also benefits from reasonable proximity to higher-education institutions including UCLA, Loyola Marymount University, and Santa Monica College, supporting continued rental demand.
Residents enjoy access to everyday amenities including grocery stores, healthcare facilities, fitness centers, neighborhood parks, and retail corridors along Pico Boulevard and Robertson Boulevard. The site’s central West Los Angeles location provides short travel times to major employment hubs, medical centers, and regional amenities across the Westside and Greater Los Angeles.
