Description
*prime development opportunity in central hollywood*
this exceptional property spans three contiguous parcels, offering a total of 19,539 square feet in one of the most sought-after locations in central hollywood. situated within a transit oriented community (toc) and a transit priority area, this site provides unparalleled access to los angeles and surrounding communities, ensuring convenience and connectivity.
zoned r3-1xl and currently advancing to r4 under the hollywood community plan (adopted by city council in may 2023 and nearing its final phase with the planning and land use management commission), the property is primed for high-density development. developers can maximize the potential for possibly 40+ units or more, leveraging toc incentives and additional density bonuses under the hollywood community plan.
the site’s design-friendly features, including an existing alleyway that aids in setbacks, enhance its appeal for multi-family housing projects. with its central location and significant development benefits, this property offers an unparalleled opportunity for investors and developers seeking maximum roi in one of la’s most vibrant markets.
Property Type
LandCounty
Los AngelesStyle
LandAD ID
48341343
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Property Details
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Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
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Exterior Features
Fencing
- Average Condition
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.4486
- Lot Size Source: Assessor
- Lot Size Square Feet: 19539
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Listing Information
Listing Price Information
- Original List Price: 5,900,000
- Listing Contract Date: 2025-01-15
Lease Information
- Listing Agreement: Seller Reserved
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Taxes / Assessments
Tax Information
- Parcel Number: 5534026007
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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: Active
- Source Neighborhood: C20 - Hollywood
- Postal Code Plus 4: 2712
- Directions: South of Santa Monica Blvd, East of Vine St
- Zoning: LAR3-1XL
- Source Property Type: Land
- Area: C20 - Hollywood
Building and Construction
- Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 01/23/2025 @ 00:07
- MLS: SR25010832
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 19,539 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 90038, this Los Angeles County Land are nearby neighborhoods.