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Key Details
Sold Price $1,040,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,735 sqft
Price per Sqft $599
MLS Listing ID 24396949
Sold Date 10/16/24
Bedrooms 4
HOA Y/N No
Year Built 1913
Lot Size 6,886 Sqft
Property Description
Partners CRE is proud to exclusively present for sale a Development / Investment opportunity in Hollywood! Existing building is a Duplex that can be delivered VACANT at the close of Escrow. Front unit is a 3 bedroom unit that has been owner occupied for many years, and the back unit is a one bedroom unit that has been rented but can be delivered vacant. No Ellis Act to worry about. Property features LARD1.5-1XL zoning in a Tier 3 TOC which allows for up to 4 units by right and 2 ADU's for a total of 6 units. Proposing a 100% Affordable Housing Project can yield even higher density utilizing AB2345. Just under a mile to the Metro Red Line Subway Station, and blocks to Hollywood Forever, this property boasts a Walker's Paradise designation by Walk Score, with Good Transit and it is Very Bikeable. With a walk score of 97 this Walker's Paradise designation, this is among the most in-demand neighborhoods by younger professionals.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LARD1.5
Interior
Heating Combination
Fireplace No
Exterior
Parking Features Electric Gate
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5534006003
Special Listing Condition Standard
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Bought with Jordan Petito • Keller Williams Beverly Hills