2531 Pierce Street
Hollywood, FL 33020
15,393Sqft(Lot)
Rare opportunity to acquire income producing 3/2 home w/in-law suite & additional development capacity, walking distance from library, parks & Downtown Hollywood, at over 20% below market value. Keep the existing home & add 8 (2 bedroom) units for 9 units total. Included site plan shows layout, parking & access. Meeting with city has been held; feasibility & zoning compliance confirmed. Land comps:$50k per (mostly 1 bed) unit sold, $58k-$101k per (mostly 1 bed) unit active. 3/2 house comps:$499k-$679k active, $410k-$580k sold. Subject property: 3/2 house + 8 (2 bedroom) units buildable land; market value ~$900k. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. Build cost:~$1.5M. All in:~$2.2M Projected value:$3M+ = ~$1M equity. Potential ~10% cap. Opportunity zone. Seller will finance
Property Details
Map
Map
Features
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Lot Information
Lot Dimensions: 75x206 Main Square Feet: 15393 Lot Size Acres: 0.3534 Lot Size Square Feet: 15,393 Lot Description: LessThanOneAcre,OversizedLot,QuarterToHalfAcreLotProperty Information
Subdivision: HOLLYWOOD LITTLE RANCHES Source Property Type: Land MLS Area Minor: Hollywood East (3010-3050) Postal Code Plus 4: 4311 Zoning Description: RM-18 Property SubType: Commercial Direction Faces: South
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Listing Price Information
Listing Price: $697500Cash, Conventional, Cryptocurrency, Exchange1031, OwnerMayCarry, OwnerMayCarrySecond
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Tax Information
Parcel Number: 514216015270 Tax Year: 2025 Annual Tax: $9666 Tax Legal Desc: HOLLYWOOD LITTLE RANCHES 1-26 B LOT 13 E3/4 BLK 14
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Homeowners Association Information
Included Fees: Parking
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School Information
Elementary School: Oakridge Junior High School: Olsen Senior High School: South Broward -
Utility Information
CableAvailable, ElectricityAvailable, Other, PhoneAvailable, SewerAvailable, WaterAvailable -
Location Information
WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2424 Monroe Street, Hollywood, FL, 33020 | $639,000 | -- | -- | -- | 20,474 Sqft(Lot) |
| Pierce Street, Hollywood, FL, 33020 | $900,000 | -- | -- | -- | 16,553 Sqft(Lot) |
| 2215 Fillmore Street, Hollywood, FL, 33020 | $2,750,000 | -- | -- | -- | 20,502 Sqft(Lot) |
| 2322 Johnson Street, Hollywood, FL, 33020 | $500,000 | -- | -- | -- | 10,455 Sqft(Lot) |
| 1917 Harding St, Hollywood, FL, 33020 | $715,000 | -- | -- | -- | 7,697 Sqft(Lot) |
| 2247 Jackson St, Hollywood, FL, 33020 | $1,200,000 | -- | -- | -- | 10,251 Sqft(Lot) |
| 2235 Polk Street, Hollywood, FL, 33020 | $1,750,000 | -- | -- | -- | 20,515 Sqft(Lot) |
| 2434 Polk St, Hollywood, FL, 33020 | $799,000 | -- | -- | -- | 9,877 Sqft(Lot) |
| 2243 Polk Street, Hollywood, FL, 33020 | $3,600,000 | -- | -- | -- | 40,076 Sqft(Lot) |
| 2210 Pierce St, Hollywood, FL, 33020 | $6,490,000 | -- | -- | -- | 65,006 Sqft(Lot) |
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ByOwner last updated this listing 06/20/2026 @ 11:30
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