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7,893 Sqft Lot
UPDATED:
12/05/2024 02:16 AM
Key Details
Property Type Vacant Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID SR24182318
HOA Y/N No
Lot Size 7,893 Sqft
Property 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!
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LARD1.5
Interior
Fireplace No
Exterior
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
View Y/N No
View None
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5537015008
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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Listed by Anie Mayelian • Keller Williams Realty Calabasas • 818-915-9118
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