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1015 N Gower St - C-2 Zoned Small Development Lot In Hollywood 0.15 Acres of Commercial Land Offered at $1,523,401 CAD in Los Angeles, CA 90038
INVESTMENT HIGHLIGHTS
- High residential density allowed; Tier 3 Transit Oriented Community
- Additional access through alley
- Current tenant on month to month lease ($5,200 per month)
- 91 Walk Score
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $1,523,401 CAD | Proposed Use | Mixed Use |
| Sale Type | Investment or Owner User | Total Lot Size | 0.15 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | C-2 Zoning - https://codelibrary.amlegal.com/codes/los_angeles/latest/lamc/0-0-0-110831 | ||
| Price | $1,523,401 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.15 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | C-2 Zoning - https://codelibrary.amlegal.com/codes/los_angeles/latest/lamc/0-0-0-110831 |
1 LOT AVAILABLE
Lot
| Price | $1,523,401 CAD | Lot Size | 0.15 AC |
| Price Per AC | $10,204,443.67 CAD |
| Price | $1,523,401 CAD |
| Price Per AC | $10,204,443.67 CAD |
| Lot Size | 0.15 AC |
Corner lot with two points of access (alley and public street). Minimal structures on lot (408 SF and 840 SF) for easy demolition. Occupied by a commercial tenant on a month to month lease at $5,200 so you can collect rent during entitlements.
DESCRIPTION
Developers delight! This C-2 zoned corner parcel of land is in the heart of Hollywood with additional access to the property through the alley. Multiple uses and significant residential density is allowed by right. This residential density is increased as a Tier 3 Transit Oriented Community. The lot is currently occupied by a commercial tenant on a month to month lease at $5,200 so you can collect rent as you go through entitlements. The lease can be terminated easily should that be the intent of the buyer. Even demolition costs will be minimal since there are two small structures on the corners of the lot (408 SF and 840 SF). Surrounding this lot are views of the Hollywood sign, Paramount Studios, Raleigh Studios, Hollywood Forever, and other Hollywood and adjacent Larchmont Village attractions. 91 Walk Score. This is the lot you've been looking for.
PROPERTY TAXES
| Parcel Number | 5534-023-001 | Improvements Assessment | $14,896 CAD |
| Land Assessment | $97,739 CAD | Total Assessment | $112,635 CAD |
PROPERTY TAXES
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1015 N Gower St - C-2 Zoned Small Development Lot In Hollywood
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