We are pleased to present an excellent development opportunity near Santa Monica Blvd and Normandie Ave in East Hollywood! The existing structure on the lot consists of a fixer 6 unit building of which 4 UNITS WILL BE DELIVERED VACANT! Boasting a lot size of +/- 7,895 sq. ft.,… Read More zoning of LARD1.5, and Tier 3 TOC designation, the potential possibilities for this property are endless! Buyer may be able to do affordable housing (ED-1) project on this lot! Buyer to investigate. The buyer can also reap tax benefits as the property is in an Opportunity Zone! There are 4 detached garages in the back lot, which can also be converted to one or more ADUs to generate additional rental income. Given the building's central location in the bustling rental Hollywood rental market and close to Virgil Village, Melrose Hill, and the numerous establishments across Santa Monica Blvd., this is a value-add investment not to be missed! Read Less
Property listed by Keller Williams Realty Calabasas, Anie Mayelian 818-915-9118
Listing Snapshot
Days Online
133
Last Updated
Property Type
Other
Lot Size
0.18 Acres
MLS Number
SR24182318
30 Days Snapshot Of 90029
$1,014k
0%
(avg) sold price
0
-100%
homes sold
98
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Community
Curbs, StormDrains, StreetLights, Sidewalks
Lot
0.1812 acres, 7,895 square feet, Size: 7,895
Property
Zoning: LARD1.5, None
Sewer
PublicSewer
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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