BLT Sells Los Angeles Entitled Development Site

BLT Enterprises has sold a gas station and parking lot in Los Angeles. The investor had secured entitlements through the City of Los Angeles’ Transit Oriented Communities ordinance for  a six-story, 119-unit apartment building.

Wiseman Residential acquired the property in record time. The project is located at 11261 Santa Monica Boulevard in Los Angeles, California, and will feature a variety of floor plans and feature state-of-the-art amenities including a gym, outdoor patios and barbecues, ample open space, and community gathering areas.

Anthony Muhlstein and Brian Bowis of Newmark Knight Frank represented BLT Enterprises as the seller and Wiseman Residential represented themselves as the buyer in the transaction.