5-Story 35 Unit RTI Development Opportunity in Pico-Robertson

Highlights:

• Approximately 9,800 SF lot, five-story design with one level of subterranean parking
• 29 base units + 6 ADUs (35 total): 1 studio, 19 one-bed, 7 two-bed, 2 three-bed
• Approx. 26,675 SF residential area; 9,342 SF parking/bike area
• Six Very Low Income units
• [Q]R3-1-O; TOC Tier zoning

Description:

PartnersCRE is proud to offer an outstanding 35-Unit RTI Multifamily Development Opportunity located at 8521 Horner Street, Los Angeles, CA 90035, in the highly desirable Pico-Robertson neighborhood.

The project is situated on an approximately 9,800 SF lot and is designed as a five-story residential building with one level of subterranean parking. The approved plans currently include 29 base units, with additional storage areas that may be converted into ADU units. The ADU component can be configured as either three larger two-bedroom/two-bathroom ADUs of approximately 850 SF each or six studio ADUs of approximately 425 SF each, subject to final design and buyer verification.

The proposed project consists of 29 base units plus 6 ADUs, for a total of 35 units, featuring a well-balanced mix of studio, one-bedroom, two-bedroom, and three-bedroom floor plans. The building includes approximately 26,675 SF of residential area, in addition to approximately 9,342 SF of parking and bicycle parking space.

The base unit mix includes one studio unit, 19 one-bedroom units, seven two-bedroom units, and two three-bedroom units. The ADU/storage conversion provides additional flexibility for future ownership. The project also includes six Very Low Income units, creating an attractive affordability component while maintaining a strong market-rate rental profile.

Situated just south of Pico Boulevard and west of La Cienega Boulevard, 8521 Horner Street offers exceptional connectivity and urban convenience, close to major commercial corridors, public transit, and desirable neighborhoods including Beverly Hills and Carthay.

Zoning: [Q]R3-1-O; TOC Tier. APN 4303-032-022. Price: $2,895,000.

Listed by Jordan Petito and Navid Toomarian, PartnersCRE | KW Commercial Beverly Hills.

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