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Developer Opportunity for this fast changing Hollywood location from single family homes into brand new multi-unit apartment complexes with all the latest home features. Currently a commercial zoned triplex property with one commercial tenant and two residential tenants, the property owner lives in one of the units.Property is ideal for individuals who would like to live in one of the units and run and operate a mom & pop business from the store front, while collecting rent from the other residential unit or an investor who purchases and rents all three units for income, however, the highest and best use is to develop the property into multi-unit residential with potential of 12 – 16 units based on all the new construction surrounding this property with five of them being on the same block.Situated within one-quarter mile from Santa Monica / Vermont Metro Rail Station, within the heart of Hollywood, easy access to transit, shopping, schools and Los Angeles City College, site is designated TC-3 within a State Enterprise Zone, currently one retail space rented month to month and two residential units, one is rented month to month and the other is occupied by the owner.
Property Type(s):
Residential Income
| Last Updated | 1/16/2025 | Year Built | 1919 |
|---|---|---|---|
| Community | Hollywood | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Dryer, Gas Cooktop, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater |
| AREA | Hollywood |
| CONSTRUCTION | Drywall, Stucco |
| EXTERIOR | Lighting |
| GARAGE | None, Yes |
| HEAT | Natural Gas, Wall Furnace |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Down, Attic, Bedroom on Main Level, Laminate Counters, Main Level Primary, Open Floorplan, Walk-In Closet(s) |
| LOT | 8253 sq ft |
| LOT DESCRIPTION | Back Yard, Level, Near Public Transit, Paved, Rectangular Lot, Walkstreet |
| PARKING | None |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer,Sewer Tap Paid |
| STORIES | 1 |
| STYLE | Mediterranean, See Remarks |
| UTILITIES | Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected, Electric: Standard |
| VIEW DESCRIPTION | None |
| WATER | Public,See Remarks |
| ZONING | LAC2 |
Location
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