Description
First time on the market in over 50 years! investors and developers, don’t miss this prime opportunity in the heart of hollywood! this 4-unit apartment building features spacious 1-bedroom, 1-bathroom units, each approximately 930 sq ft (one is currently tenant occupied), and sits on a lot of approximately 6,800 sq ft zoned lard1.5. the property offers substantial redevelopment potential, including eligibility for los angeles' transit oriented communities (toc) tier 3 incentives, which could allow up to 70% more units with affordable housing set-asides, reduced parking requirements (as low as 0.5 spaces per unit), and additional height or far bonuses. perfectly situated, this property is moments from the iconic hollywood walk of fame, griffith park and observatory for hiking and scenic views, and runyon canyon for outdoor enthusiasts. it is surrounded by world-class shopping, dining, and entertainment options, including hollywood & highland, sunset strip, and the melrose avenue retail corridor. enjoy easy access to nearby neighborhoods like west hollywood, los feliz, and silver lake, all popular hubs for arts, culture, and nightlife. proximity to major freeways like the 101 ensures seamless connectivity to downtown la, burbank, and studio city. whether repositioning the asset or undertaking a new build, this property offers unparalleled potential to thrive in one of la’s most dynamic markets. contact us for more details!
Property Type
ResidentialCounty
Los AngelesStyle
ResidentialAD ID
48033323
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Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 4
Bathroom Information
- Total Baths: 4
- Full Baths: 4
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Interior Features: Built-in Features,Ceiling Fan(s),Separate/Formal Dining Room
- Windows: Wood Frames
- Property Appliances: Gas Range
- Fireplace: Decorative,Living Room
- Flooring: Tile,Wood
Cooling Features
- None
- Air Conditioning
Fireplace
- Fireplace Features: Decorative,Living Room
- Has Fireplace: 1
-
Exterior Features
Building Information
- Year Built: 1919
- Construction: Frame,Wood Siding
Pool Features
- None
Laundry Features
- None
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1555
- Lot Size Source: Assessor
- Lot Size Square Feet: 6772
-
Listing Information
Listing Price Information
- Original List Price: 1,400,000
- Listing Contract Date: 2024-12-14
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 5586031019
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: C20 - Hollywood
- Postal Code Plus 4: 5667
- Directions: S of Franklin, just E of the 101
- Zoning: LARD1.5
- Source Property Type: Residential
- Area: C20 - Hollywood
- Property SubType: Quadruplex
Building and Construction
- Property Age: 105
- Common Walls: No Common Walls
- Property Condition: Fixer
- Structure Type: Quadruplex
- Year Built Source: Assessor
- Total Square Feet Living: 3712
- Entry Level: 2
- Entry Location: Front & Rear
- Levels or Stories: Two
- Building Total Stories: 2
- Structure Type: Quadruplex
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BuyOwner last updated this listing 12/23/2024 @ 20:52
- MLS: SR24249643
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 4 bedrooms which is for sale, it has 3,712 sqft, 6,772 sized lot, and 4 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90028, this Los Angeles County Home are nearby neighborhoods.