Description
HUGE PRICE REDUCTION!!! AMAZING INVESTMENT/DEVELOPMENT OPPORTUNITY IN HEART OF HOLLYWOOD! This corner lot is R3 zoned and has TOC Tier 2 Development Opportunity with potential to build 8 units or possibly more! (Buyer to verify). The area is extremely active with new development, continues to see strong demand, and is fueled by ongoing high economic growth. Property is located in heart of Hollywood and is surrounded with neighbors like Netflix, Viacom, Sunset Gower Studios, NBC Studios, Paramount Studios, etc. Property used to have two duplexes. One of them was damaged by fire. Currently there is one duplex remaining and produces approximately $3,800/month. Unlock the full potential and build a multi unit complex with rooftop views of the Hollywood Sign!
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4BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
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2,796SQFT
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$393$/SQFT
School Ratings & Info
Description
HUGE PRICE REDUCTION!!! AMAZING INVESTMENT/DEVELOPMENT OPPORTUNITY IN HEART OF HOLLYWOOD! This corner lot is R3 zoned and has TOC Tier 2 Development Opportunity with potential to build 8 units or possibly more! (Buyer to verify). The area is extremely active with new development, continues to see strong demand, and is fueled by ongoing high economic growth. Property is located in heart of Hollywood and is surrounded with neighbors like Netflix, Viacom, Sunset Gower Studios, NBC Studios, Paramount Studios, etc. Property used to have two duplexes. One of them was damaged by fire. Currently there is one duplex remaining and produces approximately $3,800/month. Unlock the full potential and build a multi unit complex with rooftop views of the Hollywood Sign!
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T08:33:35.17. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.