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We are pleased to present for sale a rare 12,000 sqft C4 development opportunity located in the heart of Hollywood! Situated on trendy Sunset Blvd, this parcel affords an investor with unmatched flexibility: R4 residential uses, retail uses, hotels, schools, churches, theaters, gas stations, auto sales, parking garage, and much more! The subject vacant land parcel is zoned C4-2D-SN, TOC Tier 3, affording a developer the opportunity to build 30 units by right or up to 63 units with TOC incentives + ADU's. Super Clean Deal - No Specific Plan - No SB 8 issues - No tenant relocation required, PLUS save on demo costs! The site is centrally located in Hollywood within walking distance to shopping, dining, transportation (Hollywood/Highland Metro) and all the entertainment Hollywood has to offer its tenants. The site may also be a prime candidate for an ED 1 fully affordable housing project (33 ft height bonus + unlimited density, buyer to verify). Do not miss this opportunity to purchase a clean slate in trendy Hollywood with tons of potential. Contact listing agent for more details!
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Listing Agent: Daniel Shamooelian
Listing Office: BRC Advisors- BH