11378 Ovada Place, Los Angeles, CA 90049 - Berkshire Hathaway HomeServices California Properties

11378 Ovada Place, Los Angeles, CA 90049

$5,295,000 Approx. USD 0 beds, 0 baths

Reduced by $205,000 on 7/16/2025

Listing Agent


David Miller | davemiller@mdrealtycorp.com
Lic#: 02105346
Broker: Courtesy of Miller & Desatnik Realty Co.

Co Listing Agent


Errol Spiro | errol@mdrealtycorp.com
Lic#: 00893163
Broker: Courtesy of Miller & Desatnik Realty Co.

Agent Remarks

We are proud to present 11378 Ovada Place, a rare opportunity for developers to acquire a premier site in the heart of Bel-Air, offering multiple development pathways to maximize value. Situated on a tranquil, tree-lined cul-de-sac, this property provides a unique blend of exclusivity and convenience. Development Options: Small Lot Subdivision The proposed plan features an 8-unit small lot subdivision with a mix of five (2-bedroom) and three (3-bedroom) townhomes spanning four levels. Each residence includes:* Private garages with direct unit access* Expansive open-concept living areas with a guest powder room* Well-appointed third-floor sleeping quarters* Private rooftop decks with stunning views. The permit process is in progress, awaiting a housing letter before proceeding to hearings and final approvals, expected in the coming months. ED1 Low-Income Housing Development The site can alternatively support an approximate 90-unit ED1 project with a ministerial, streamlined approval process requiring no parking, offering a fast-track path to development.CHIP OC-3 Density Bonus Project Another option includes a mixed-income development under CHIP OC-3 guidelines, allowing for approximately 70% market-rate units while leveraging density incentives. Existing Income-Generating Property:The site currently features a 4-unit building, consisting of:Three (2-bedroom) units Two leased at $2,343 and $2,731 respectively, with one vacant.One (1-bedroom) unit Currently vacant. Please do not disturb or alert the tenants of the potential sale.This is a rare chance to develop in one of Los Angeles' most sought-after neighborhoods.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 25519291
List price is $5,295,000 Reduced by $205,000 on 7/16/2025
Price: $5,295,000
Beds: 0
Baths: 0
0.30 acres
Lot size: 0.3003
County: Los Angeles
Zoning: LARD1.5
MLS area: C04 - Bel Air - Holmby Hills

Last Updated: 7/16/2025

 Days On Market (DOM): 107

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This listing belongs to the C04 - Bel Air - Holmby Hills MLS area

Lat/Long: 34.075842, -118.467628.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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