Description
Amazing development opportunity in the heart of Hollywood! Zoned LARD1.5 with an expansive lot size of +/- 11,019 sq. ft., this spacious lot allows a developer to build 6 units by right and potentially additional units through the current Tier 3 TOC designation! Buyer to do their own due diligence as to the number of units that can be built. The existing structure on the lot is a duplex. One unit is occupied by 2 tenants and the owner is negotiating tenant move outs. The second unit is vacant. The subject's location in Franklin Village is unmatched and the property is in close proximity to the Hollywood Walk of Fame, Paramount Pictures, Netflix HQ, Griffith Observatory, and Los Feliz.
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School Ratings & Info
Description
Amazing development opportunity in the heart of Hollywood! Zoned LARD1.5 with an expansive lot size of +/- 11,019 sq. ft., this spacious lot allows a developer to build 6 units by right and potentially additional units through the current Tier 3 TOC designation! Buyer to do their own due diligence as to the number of units that can be built. The existing structure on the lot is a duplex. One unit is occupied by 2 tenants and the owner is negotiating tenant move outs. The second unit is vacant. The subject's location in Franklin Village is unmatched and the property is in close proximity to the Hollywood Walk of Fame, Paramount Pictures, Netflix HQ, Griffith Observatory, and Los Feliz.
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Listing courtesy of Anie Mayelian of Equity Union: .