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Listed by Stephen Shiu • STEPHEN SHIU, BROKER
$ 1,149,000
Est. payment /mo
Price Dropped by $50K
Los Angeles, CA 90038
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV-25056481
Year Built 1947
Property Sub-Type Retail
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Developers delight! This C-2 zoned corner parcel of land is in the heart of Hollywood with additional access to the property through the alley. Multiple uses and significant residential density is allowed by right. This residential density is increased as a Tier 3 Transit Oriented Community. The lot is currently occupied by a commercial tenant on a month to month lease at $5,200 so you can collect rent as you go through entitlements. The lease can be terminated easily should that be the intent of the buyer. Even demolition costs will be minimal since there are two small structures on the corners of the lot (408 SF and 840 SF). Surrounding this lot are views of the Hollywood sign, Paramount Studios, Raleigh Studios, Hollywood Forever, and other Hollywood and adjacent Larchmont Village attractions. 91 Walk Score. This is the lot you've been looking for.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Interior
Laundry None
Building
Lot Description Corner Lot, 2-5 Units/Acre