$1,200,000
$1,649,000
27.2%For more information regarding the value of a property, please contact us for a free consultation.
2,984 SqFt
SOLD DATE : 11/04/2021
Key Details
Sold Price $1,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,984 sqft
Price per Sqft $402
MLS Listing ID 21692642
Sold Date 11/04/21
HOA Y/N No
Year Built 1947
Lot Size 6,534 Sqft
Acres 0.15
Property Description
We are pleased to present this rare opportunity to build OR operate the turnkey 4-unit property located in prime WEST HOLLYWOOD. Zoning is R3C which allows to build up to 45 Feet. The property is currently situated on a 6,724 SF lot, consisting of 4 units. ***The current owner has schematic designs for the opportunity to build 5-8 luxury condos w/ combined building area of about 9,500 SF in one of the trendiest blocks of West Hollywood.*** The design proposes each unit comprising of individual private rooftop decks providing for extended views and social space for outdoor living. The vacant lot next door provides developers tremendous opportunity to combine properties creating a more cost effective project. The area is experiencing significant redevelopment (w/ numerous properties currently in the process of development) with an emphasis on the 1100 and 1200 blocks of Detroit Street. With a walk score of 90, the property is in close proximity to local restaurants and shops, Sunset Strip, Hollywood, Melrose, Pacific Design Center, Cedars Sinai & Beverly Hills.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR3C*
Interior
Fireplace No
Building
New Construction No
Others
Senior Community No
Tax ID 5531008009
Special Listing Condition Standard
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CEO | DRE# SA695240000 | DRE# 02100184