Description
We are proud to exclusively present for sale a redevelopment opportunity in prime Los Feliz, under a mile from the Metro Station at Hollywood and Western and just steps to the wonderful Barnsdall Art Park with everything that it has to offer. The existing Single Family Residence is most likely a tear down, but a Buyer may elect to rehab the existing structure and build 2+/- additional units in the back through the existing RD1.5 zoning or as ADUs. No RSO or Ellis Act to worry about. Being in a high transit area, a new owner may build 7+/- units utilizing the Tier 3 designation or through a Density Bonus. Focusing on a 100% Affordable Housing Project can yield even higher density utilizing AB2345. Situated in the heart of Los Feliz, the neighborhood boasts Vermont Ave., Hillhurst Ave. and Hollywood Blvd. as three distinct shopping, nightlife and dining destinations! Surrounded by Hollywood and Silver Lake, with excellent transit and a Walker's Paradise designation, this is among the most in-demand neighborhoods by younger professionals. Walk to JONS International Marketplace, Jitlada, the Los Feliz Theater, the Vista Theater (currently being transformed into a new movie-going destination by Quentin Tarantino), the Dresden, House of Pies, Kaiser Permanente, Rite Aid, Harvard and Stone...and so much more! Hop on the Metro, free from traffic, and be almost anywhere in Los Angeles in practically no time at all.
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"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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 28th March, 2023 8:56 PM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 28th March, 2023 8:56 PM (UTC)
Listing Agent: Arman Mahmoodi
Listing Office: Keller Williams Beverly Hills
