5000 Beethoven presents a rare opportunity to acquire a large, infill development site in the Palms-Mar Vista-Del Rey sub-market of Los Angeles. The property consists of approximately 146,422 square feet (3.36 acres) of land situated immediately adjacent to the Marina Freeway (SR-90), with direct access via Beethoven St. and a recently improved bridge connection. The site's configuration, freeway adjacency, and separation from low-density residential uses make it particularly well suited for higher intensitydevelopment and specialized uses. The property is currently zoned [T][Q]M2-1 (Light Industrial) and is designated Light-Industrial under the City of Los Angeles General Plan. While residential uses are not permitted by-right, the site benefits from several important planning overlays, including the Los Angeles Coastal Transportation Corridor Specific Plan and Community Transit Access Corridor (CTAC) eligibility. These designations support intensified land uses and have historically facilitated industrial-to-residential conversions, particularly for affordable and mixed-income housing. No minimum density requirement applies. A significant value driver is the seller's representation that the City has previously reviewed and accepted a concept for two levels of subterranean parking accommodating approximately 250 - 300 parking spaces, subject to verification. Prior City acceptance of subterranean parking materially de-risks one of the most challenging components of high-density development and enhances the feasibility of future residential or phased redevelopment strategies.In addition to residential potential, the property offers an attractive alternative or interim-use strategy for athletic, sports performance, or wellness-oriented facilities,which are generally compatible with industrial zoning and benefit from freeway adjacency and controlled access. Conceptual studies demonstrate the site's ability to support a modern, unbranded basketball or multi-sport performance campus while preserving long-term redevelopment optionality. With its scale, policy support, freeway exposure, and demonstrated parking feasibility, 5000 Beethoven offers investors and developers a flexible platform for high density affordable or mixed-income housing, specialized athletic facilities, or strategic land banking with near-term income potential. The property represents a unique opportunity to control a large, well-located West-Side parcel with multiple viable paths to value creation, subject to final entitlements and buyer due diligence.
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Listing Snapshot
Price
$80,000,000
Days On Site
30 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
3.3614 Acres
Year Built
N/A
MLS® Number
26668755
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
3 weeks ago
Listing updated with changes from the MLS®
a month ago
Listing first seen on site
General Features
Acres
3.3614
Disclosures
CoastalZoneSellerDisclosure
Special Circumstances
Standard
Zoning
LAM2
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Community Features
MLS Area
C12 - Marina Del Rey
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Neighborhood & Commute
Source: Walkscore
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