DEVELOPER ALERT! Great development opportunity in the heart of Hollywood. Property might be sold with the adjoining property. The land together is 10,815 SQ FT Zoned RD1.5 in rapidly enhancing transit oriented Tier 1 community. There is also substantial upside potential on this conveniently located lot for INCOME PROPERTY INVESTORS! Low maintenance building with long standing tenants. With 53% rental upside, this Property is both a stabilized asset and value-add opportunity. Buyer to cooperate with seller on a 1031 exchange at no additional cost to buyer. Easy walk to Metro Station, 15 min Cycling distance to Griffith Observatory, Few mins away from rapidly changing and dynamic Sunset Blvd + Western ave and quick access to freeway 101 making your commute to West Hollywood or DTLA a breeze.
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Listing Courtesy ofColdwell Banker Residential Brokerage