Development opportunity. Super Prime location in the heart of Hollywood crossing Sunset. R4 zoning, Tier 3 TOC. Current structure is a Owner Occupied Single Family residence. No need for Tenant Relocation! Property is also situated in the highly desired Opportunity Zone; which offers major tax benefits to 1031 Exchange buyers. Property has a Q Condition which limits the development to 600 sq ft per Unit. Multiple Bonus Density incentives may be applied to the lot as follows: TOC (70%), SB1818 (35%) Newly Developed properties in the vicinity collecting over 4$ a sq ft in rents! Situated in the Core sectors of All that Hollywood has to offer; Bars, Restaurant, theaters, clubs, & much more. Buyer to do their own due diligence.
Courtesy of Berkshire Hathaway HomeServices California, Edgar Aslanyan - CA DRE#02020713
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