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Listed by Simon Mills • Mills Realty of California
$ 5,900,000
Est. payment | /mo
19,539 SqFt
$ 5,900,000
Est. payment | /mo
19,539 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 19,539 sqft
Price per Sqft $301
MLS Listing ID CRSR25010832
HOA Y/N No
Originating Board Datashare California Regional
Lot Size 0.449 Acres
Property Sub-Type Unimproved Land
Property Description
*Prime Development Opportunity in Central Hollywood* This exceptional property spans three contiguous parcels, offering a total of 19,539 square feet in one of the most sought-after locations in Central Hollywood. Situated within a Transit Oriented Community (TOC) and a Transit Priority Area, this site provides unparalleled access to Los Angeles and surrounding communities, ensuring convenience and connectivity. Zoned R3-1XL and currently advancing to R4 under the Hollywood Community Plan (adopted by City Council in May 2023 and nearing its final phase with the Planning and Land Use Management Commission), the property is primed for high-density development. Developers can maximize the potential for possibly 40+ units or more, leveraging TOC incentives and additional density bonuses under the Hollywood Community Plan. The site’s design-friendly features, including an existing alleyway that aids in setbacks, enhance its appeal for multi-family housing projects. With its central location and significant development benefits, this property offers an unparalleled opportunity for investors and developers seeking maximum ROI in one of LA’s most vibrant markets.
Location
State CA
County Los Angeles
Interior
Fireplace No
Exterior
View None
Building
Water Public
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