A vacant lot in Century City, one of the most densely developed neighborhoods in Los Angeles, will be filled with single-family homes by its new owner.
The 1.75-acre parcel at the corner of Century Park West and Solar Way was purchased for about $13 million by an affiliate of Los Angeles developer California Landmark Group, real estate brokerage HFF said.
Century City has nearly 10 million square feet of offices, two major hotels and a regional mall. In its compact 0.3 square mile west of Beverly Hills it also has about 2,000 residences, most of them condominiums, according to the Century City Chamber of Commerce.
The new two-story houses will become part of Century Woods, a gated residential complex built in the 1980s on the southwestern corner of Century City. The Century Woods Condo Assn. sold the unused property to the developer.