Description
We are pleased to present an excellent development opportunity near santa monica blvd and normandie ave in east hollywood! the existing structure on the lot consists of a fixer 6 unit building of which 4 units will be delivered vacant! boasting a lot size of +/- 7,895 sq. ft., zoning of lard1.5, and tier 3 toc designation, the potential possibilities for this property are endless! buyer may be able to do affordable housing (ed-1) project on this lot! buyer to investigate. the buyer can also reap tax benefits as the property is in an opportunity zone! there are 4 detached garages in the back lot, which can also be converted to one or more adus to generate additional rental income. given the building's central location in the bustling rental hollywood rental market and close to virgil village, melrose hill, and the numerous establishments across santa monica blvd., this is a value-add investment not to be missed!
Property Type
LandCounty
Los AngelesStyle
LandAD ID
46827061
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Property Details
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Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1812
- Lot Size Source: Assessor
- Lot Size Square Feet: 7895
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Listing Information
Listing Price Information
- Original List Price: 1,299,999
- Listing Contract Date: 2024-09-03
Lease Information
- Listing Agreement: Exclusive Right To Sell
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Taxes / Assessments
Tax Information
- Parcel Number: 5537015008
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Pending
- Source Neighborhood: C20 - Hollywood
- Directions: Santa Monica Blvd & Kingsley Dr
- Zoning: LARD1.5
- Source Property Type: Land
- Area: C20 - Hollywood
Building and Construction
- Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 12/04/2024 @ 13:56
- MLS: SR24182318
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Land, with 0 bedrooms which is recently sold, it has 0 sqft, 7,895 sized lot, and 0 parking. A comparable Land, 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 90029, this Los Angeles County Land are nearby neighborhoods.