9,683 Sqft Lot
9,683 Sqft Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25068016
HOA Y/N No
Year Built 1939
Lot Size 9,683 Sqft
Property Sub-Type Apartment
Property Description
Nestled on a spacious 9,681 square foot lot with LAR3 zoning, the property currently features a single building with a total rentable space of 6,296 square feet. Originally constructed with six separate apartments, the building showcases classic period architecture, providing a unique charm. With rents currently set below market, this property offers substantial "value-add" potential.
Additionally, approved plans for a new development could increase the unit count to a total of 26, transforming the building into a modern masterpiece. This redevelopment would complement the neighboring sister building, offering a cohesive and contemporary aesthetic for the area.
The current unit make-up is one 2-bedroom unit and five 1-bedroom units. All with one bathroom and laundry in each unit. There is a large garage in the back offering one stall per unit.
Whether you're an investor looking for a property with significant upside or a developer seeking a prime location for a high-end residential project, this offering presents an exciting opportunity to capitalize on one of Los Angeles' most sought-after neighborhoods. Make this Hollywood gem your next investment!
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3
Interior
Interior Features Crown Molding, Tile Counters
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Wood
Fireplaces Type None
Fireplace No
Appliance Free-Standing Range, Gas Cooktop, Gas Oven, Gas Range, Dryer, Washer
Laundry Inside, Stacked
Exterior
Parking Features Assigned, Garage, Off Street, Private
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Urban, Park
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Shingle
Total Parking Spaces 6
Private Pool No
Building
Lot Description Front Yard, Lawn, Landscaped, Level, Near Park, Near Public Transit, Paved, Rectangular Lot, Street Level, Yard
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style French Provincial
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5548020040
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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