Great opportunity for investors and developers. Maximize use of rare large corner lot - zoned R3- in prime Hollywood location. Zoned for apartment housing and multiple dwellings, including town homes and small single family lots permitted by the Small Lot Subdivision Ordinance. Possible density bonus and TOC Tier 2 Designation. Walking distance to many popular restaurants, shops and theaters on Hollywood, Sunset, La Brea, Highland- Roosevelt Hotel, Grauman's Chinese Theatre, ArcLight, Dolby Theatre - home of the Oscars- and Hollywood Studios. With development, potential rooftop views of Hollywood Hills and Hollywood Sign. Buyer to do their own investigation. Three units currently on lot. Collect rent while working through entitlements and permits. 1925 California Bungalow Home plus Duplex. Front house is 2bd/1ba with original windows, breakfast room, built-in buffet in dining room. Please do not disturb tenants. Buyer to cooperate with seller's IRC Section 1031 tax deferred exchange.
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