Culver City By Right Development

Highlights:

• ◆Transit Priority Location — 1/3 mile from La Cienega/ Jefferson Metro E Line Station. Direct rail to Downtown LA and Santa Monica.
• ◆ Zero Parking Mandate — Transit Priority Area designation eliminates all residential parking requirements, removing an estimated $35M–$45M in subterranean hard costs.
• ◆ Tier 4 Height Bonus — By-right entitlement for two additional stories (~22 ft) of height beyond base allowance.
• ◆ Retail/Residential Flexibility — Retail waiver available after five years of good-faith marketing, preserving 100% of residential units for the owner.
• ◆ 1 Acre +/- Land

Description:

Polk Properties is pleased to present an exclusive acquisition opportunity for a ±1-acre fee-simple
development site strategically positioned within one-third of a mile of the La Cienega/Jefferson Metro E Line
Station — placing it firmly within Culver City's highest-tier Transit Priority Area. Under the Culver City Density
Bonus Ordinance (§17.580), this site qualifies for a totalized by-right entitlement pathway yielding up to 132-147 residential units through maximum layering of Tier 4 and Community Benefit density bonuses.

Property can be Divided, exisiting building is 36,750 sq ft, (18k Smiely and 18,750 +/- Blackwelder)

Documents: