$1,275,000
$1,395,000
8.6%For more information regarding the value of a property, please contact us for a free consultation.
6,817 Sqft Lot
SOLD DATE : 04/28/2025
Key Details
Sold Price $1,275,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 25510357
Sold Date 04/28/25
HOA Y/N No
Lot Size 6,817 Sqft
Property Description
This exceptional lot in the heart of Hollywood is zoned for multi-family development and had been entitled for a luxurious 15-unit apartment building. The approved plans included a 4-story structure with one level of subterranean parking, featuring 3 designated affordable units. Situated in a highly sought-after area with proximity to entertainment, dining, and all the best that Hollywood has to offer. Zoned for multi-family use, offering an ideal canvas for developers looking to capitalize on Hollywood's thriving real estate market. Additionally, there is significant potential to re-entitle the property for up to 26 affordable living units or 5-6 luxury condos, offering flexibility for various development strategies. This is a rare opportunity to develop in one of Los Angeles' most dynamic and desirable neighborhoods!
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3
Interior
Fireplace No
Exterior
View Y/N Yes
Building
New Construction No
Others
Senior Community No
Tax ID 5533021023
Special Listing Condition Standard
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Bought with Danny Navarro Century 21 Allstars