Property Detail

Description

DEVELOPER'S DELIGHT! EXCEPTIONAL PRIME HOLLYWOOD DEVELOPMENT OPPORTUNITY! An extraordinary opportunity to acquire a highly desirable C-2 zoned corner parcel in the vibrant heart of Hollywood, offering tremendous development potential in one of Los Angeles' most dynamic and sought-after neighborhoods. Ideally positioned with prominent street frontage and additional alley access, this versatile property presents a rare opportunity for developers, investors, and visionaries seeking to capitalize on Hollywood's continued growth and revitalization. The property's C-2 zoning accommodates a variety of potential uses, including significant residential density by right, with the potential for enhanced density and development incentives under its Tier 3 Transit Oriented Communities (TOC) designation, subject to applicable regulations and City approvals. Currently improved with two small structures situated near the corners of the parcel, the property offers the potential for relatively minimal demolition costs, providing an attractive opportunity for redevelopment. Buyer to independently verify all zoning, permitted uses, density, TOC eligibility, development incentives, demolition requirements, and feasibility with the City of Los Angeles and appropriate professionals. Surrounded by iconic Hollywood landmarks, including the Hollywood Sign, Paramount Studios, Raleigh Studios, and Hollywood Forever Cemetery, this exceptional location places residents and businesses moments from world-class entertainment, dining, shopping, and the charming boutiques and cafes of nearby Larchmont Village. Boasting an impressive Walk Score of 91, the property offers outstanding accessibility and urban convenience.