For Sale


Los Angeles, CA 90038
5334 sqft | 8 beds | #21702616
Courtesy of Bruce Jay Associates
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PERFECT DEVELOPMENT SITE WITH POTENTIAL INCOME AT A 4.8% CAP RATE!! 4 Units on R4 T4 7,500 SF LAND! REMARKABLE DEVELOPMENT SITE, WITH INCOME UNTIL YOU BREAK GROUND!! HIGH DEMAND AREA OF HOLLYWOOD!! BUILD WITHOUT PARKING!! AND GREAT INCOME DURING THE CONSTRUCTION PROCESS WITH THE CITY!!! AMAZING DEVELOPER'S DREAM ZONING: R4 T4, NEED WE SAY MORE? New Construction WITHOUR PARKING REQUIRED = More Units to Build! Remarkable 4 Huge Units Investment Opportunity (all Month to Month)! Prime Hollywood Location! HIGH PRIME DEVELOPMENT OR A GREAT 4 UNIT INVESTMENT (Boasting 1,333++ Sq.Ft.Each Unit totaling 5,334 Sq.Ft.! BUY NOW, ENJOY THE INCOME, DEVELOP WHEN YOU ARE READY TO DO SO, BUT PLEASE DO NOT DISTURB THE OCCUPANTS. LAND VALUE ALONE makes this an Amazing Investment Choice! Separately metered for Electric & Gas plus a Huge Parking Court with Garages. Prime Re-Development Area with Construction Planned at neighboring properties! City Reports indicate R4-1VL Zoning TIER 3 on 7.494 Square Feet of Land...Located close to an Eclectic Variety of Dining & Hot Spots, as well as Schools. Bargain Priced to Sell at just a tad over $300 Per Square Foot! Truly a Great Opportunity for a somewhat rare R4 Building Site! Call for details! Thank you!
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  • Interior Details
    • Beds & Baths
      • Bedrooms:8
  • Property Details
    • Measurements
      • Acres:0.172
      • Square Feet:5334
  • Construction Details
    • Type & Style
      • Property type:Investment
    • Condition
      • Year built:1917
  • Community and Neighborhood Details
    • Location
      • County:Los Angeles
  • Financial Details
    • Pricing Details
      • Buying Agency Compensation:1.500
      • Original List Price:$2, 350, 000
  • Other
    • Source
      • MLS #:21702616


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