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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$5,500,000

Est. payment - /mo

0.45 Acres Lot

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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25010832

HOA Y/N No

Lot Size 0.449 Acres

Property 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 R4, 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.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR4

Interior

Fireplace No

Exterior

Fence Average Condition

Community Features Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

View Y/N No

View None

Building

Lot Description Front Yard, Near Public Transit, Street Level, Value In Land

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5534026007

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

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Listed by Simon Mills Mills Realty of California 818-763-4462, DRE #01309436

Nearby School & Business

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Patricia Beattie

+1(415) 286-8292

Broker License ID: 01405369

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6132 Romaine ST Los Angeles, CA 90038

Patricia Beattie

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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