Contact Jane 310.774.1666

Listing ID19520180
Price$1,600,000
StatusActive
CountyLos Angeles
Property TypeLots and Land
HUGE PRICE REDUCTION FROM $2,000,000 TO $1,600,000!!! SVN is proud to present A MULTIFAMILY DEVELOPMENT OPPORTUNITY located in East Hollywood (90029), one of the most dynamic Los Angeles neighborhoods in which a developer is poised to take advantage of extremely high demand for residential rental units and the Tier 3 bonus development under the TOC guidelines (Buyer to confirm). In close proximity to nearby studios, entertainment entities/employers, bars, restaurants, and neighborhood amenities as well as 1.5+ million square feet of offices and production space in the area that Netflix is expecting to lease (or has leased), including 100,000 square feet of offices on a campus in development previously owned by the Musician's Union of Hollywood at 817 Vine St. Potential Development of up 23 Units (TOC Tier 3 - Buyer to verify). Current improvement is a 3,867 SF multifamily property that consists of 4 units that are occupied and is currently generating an annual gross income of $73,000.
© 2020. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Last updated Thursday, April 9th, 2020.

Based on information from CARETS as of Thursday, April 9th, 2020 11:42:13 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listing courtesy of Daniel Baird, DRE #01249675 from Sperry Van Ness

Contact - Listing ID 19520180

Jane Lau

600 Deep Valley Drive
Rolling Hills Estates, CA 90274
Phone: 310-774-1666
Phone Alt: 310-774-1666

Data services provided by IDX Broker
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