HUGE PRICE REDUCTION FROM $2,000,000 TO $1,700,000!!! SVN is proud to present A MULTIFAMILY DEVELOPMENT OPPORTUNITY located in East Hollywood (90029), one of the most dynamic Los Angeles neighborhoods in which a developer is poised to take advantage of extremely high demand for residential rental units and the Tier 3 bonus development under the TOC guidelines (Buyer to confirm). In close proximity to nearby studios, entertainment entities/employers, bars, restaurants, and neighborhood amenities as well as 1.5+ million square feet of offices and production space in the area that Netflix is expecting to lease (or has leased), including 100,000 square feet of offices on a campus in development previously owned by the Musician's Union of Hollywood at 817 Vine St. Potential Development of up 23 Units (TOC Tier 3 - Buyer to verify). Current improvement is a 3,867 SF multifamily property that consists of 4 units that are occupied and is currently generating an annual gross income of $73,000.
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