Thank you
Daniel Shamooelian
Keller Williams Beverly Hills
310-432-6400
We are pleased to present for a sale a prime LAR3 development opportunity in Hollywood! Located just steps away Paramount Studios, this FLAT ~6,500 sqft lot offers a developer the opportunity to build 8 units by right or up to 15 units using TOC Incentives. Perfect for double duplex/townhome style units as well! Attractive seller financing terms available, call for more details! Also an excellent opportunity to build an ED 1, fully affordable housing project! Lot dimensions are 50 sqft by 130 sqft, zoned R3-1XL, TOC Tier 2, and comes with an alley! Subject property is currently a duplex that will be delivered VACANT!! Property has been owner occupied for the last 5+ years, meaning no dealing with tenant relocation or new onerous SB 8 regulations! The site is located within an Opportunity Zone, which may provide additional tax incentives (buyer to verify). Do not miss this opportunity to purchase a RARE development site near all the shopping, restaurants, transportation, and amenities that Hollywood has to offer its tenants!! Excellent location close to Paramount Studios, West Hollywood, Larchmont Village & Hancock Park. Buyer to verify all zoning regulations with LADBS. Property to be sold As-Is. Contact listing agent for more details!
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Total Bedrooms : 4
Total Baths: 2
Full Baths: 2
Half Baths: 0
Furnished Description: Unfurnished
Year Built: 1921
Building Area Total: 1,681
None
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1492
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6500
Original List Price: 1,395,000
Listing Contract Date: 2023-10-30
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5534027021
Garage Description: Driveway
Lease Term: Negotiable
Source Listing Status: Active Under Contract
Source Neighborhood: C20 - Hollywood
Postal Code Plus 4: 3059
Directions: West of Gower St, East of Cahuenga Blvd, North of Melrose Ave, South of Santa Monica Blvd
Zoning: LAR3
Source Property Type: Residential
Area: C20 - Hollywood
Property SubType: Single Family Residence
Property Age: 103
Common Walls: No Common Walls
Structure Type: Single Family Residence
Year Built Source: Vendor Enhanced
Total Square Feet Living: 1681
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
6021 Romaine Street, Los Angeles, CA,90038 | $1,550,000 | 4 | 2 | 1,512 | 5858 Sqft |
5851 La Mirada Avenue, Los Angeles, CA,90038 | $1,350,000 | 6 | -- | 2,118 | 7200 Sqft |
5666 W Lexington Avenue.., Los Angeles, CA,90038 | $2,450,000 | 5 | 1 | 2,799 | 7501 Sqft |
5415 Monroe Street, Los Angeles, CA,90038 | $1,199,000 | 3 | -- | 1,855 | 6748 Sqft |
847 N Cherokee Avenue, Los Angeles, CA,90038 | $1,350,000 | 2 | -- | 1,412 | 6284 Sqft |
816 N Mansfield Avenue, Los Angeles, CA,90038 | $1,900,000 | 4 | 2 | 2,508 | 6000 Sqft |
5342 Lemon Grove Avenue, Los Angeles, CA,90038 | $1,299,000 | 5 | 2 | 1,876 | 7001 Sqft |
6316 W Skye Drive, Los Angeles, CA,90038 | $1,675,000 | 3 | 4 | 2,326 | 1646 Sqft |
1203 N Garbo Lane, Los Angeles, CA,90038 | $1,450,000 | 3 | 3 | 2,345 | 1438 Sqft |
5500 Barton Avenue, Los Angeles, CA,90038 | $1,895,000 | -- | -- | 2,816 | 8600 Sqft |
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ByOwner last updated this listing 04/30/2024 @ 06:32
MLS: 23326509
LISTED BY: Daniel Shamooelian, Keller Williams Beverly Hills
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.