Newmark is pleased to present 1535 Pontius Avenue, an opportunity to purchase a 7,000-square-foot/0.16-acre parking lot situated just east of the 405 Freeway in Los Angeles, California. This highly visible acreage is zoned LAM1, Limited Industrial, allowing manufacturing, warehousing, storage, and more while encompassing permitted with C2, Commercial zoning except for sanitariums and hospitals. The parcel benefits from its proximity to the major Interstate 10 and Freeway 405 interchange via a 1.5-mile commute, providing seamless accessibility in all cardinal directions. This lot is also within 3 miles of the Santa Monica Airport and is less than 6 miles from the Santa Monica Pier and beach access.

The property is a short four-minute drive (0.9 miles) to the West Los Angeles VA Medical Center and nearby many local boutiques and popular restaurants along Sepulveda Boulevard, Santa Monica Boulevard, and Westwood Boulevard. 1535 Pontius Avenue is also within an immediate 1-mile radius of nationally renowned businesses Whole Foods Market, Starbucks, Target, Sprouts, Dunkin’, Trader Joe's, Petco, and West Coast staple In-N-Out Burger.

Desirably surrounding 1535 Pontius Avenue is a robust population of about 611,807 residents living within a 5-mile radius, generating a substantial average household income of $137,300. This population is joined by a dense daytime employment of 568,373 and has a noteworthy spending power of more than $10 billion annually, with over $2.3 billion on transportation and maintenance alone.

The acreage at 1535 Pontius Avenue is optimally positioned with sought-after accessibility as it is 3 miles from Santa Monica Airport (SMO), 9 miles to the Los Angeles Airport (LAX), and 13 miles from Downtown Los Angeles. Boasting convenience, this parcel has favorable attributes and zoning to either remain a surface parking lot or transform it into an efficient and modernized facility primed for business.