Thank you
Yana Beranek
Berkshire Hathaway HomeServices California Properties
310-829-0629
Attention Developers and Investors, here is an exceptional opportunity for a premier multi-family development in Hollywood. This vacant corner lot, totaling 6,459 SQFT and zoned R3, is located in a prime neighborhood north of Melrose Ave and one block east of Hudson Ave, near Hancock Park & Larchmont Village. A shovel-ready project can be easily developed into a 7,822 sqft three-story seven-units apartment complex with one level of subterranean parking. The plans include seven two-bedroom apartments, each ranging from 1,039-1,350 SF. All permit fees have been paid, and construction can commence immediately. The advantage of this site is its corner location (easy to build) and its proximity to newly developed apartment complexes (curb appeal). Additionally, it is conveniently centrally located with an easy commute throughout Los Angeles to Hollywood, West Hollywood, Beverly Hills, Los Feliz, and La Brea. As well, it near Paramount Studios, Los Angeles Tennis Club, Netflix, Larchmont Village, restaurants, shops & walking distance to the Theatre Row.
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Total Baths: 0
Full Baths: 0
Half Baths: 0
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1593
Lot Size Dimensions: 55x126
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6938
Original List Price: 2,500,000
Listing Contract Date: 2023-12-15
Listing Agreement: Seller Reserved
Parcel Number: 5533034001
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C20 - Hollywood
Postal Code Plus 4: 3605
Directions: North of Melrose Ave and one block east of Hudson Ave.
Zoning: LAR3
Source Property Type: Land
Area: C20 - Hollywood
Year Built Source: Vendor Enhanced
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 |
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 |
5837 Willoughby Avenue, Los Angeles, CA,90038 | $1,395,000 | 4 | 2 | 1,681 | 6500 Sqft |
5500 Barton Avenue, Los Angeles, CA,90038 | $1,895,000 | -- | -- | 2,816 | 8600 Sqft |
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ByOwner last updated this listing 05/04/2024 @ 08:52
MLS: 23339951
LISTED BY: Yana Beranek, Berkshire Hathaway HomeServices California Properties
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
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.