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$ 1,495,000
Est. payment | /mo
3 Beds
6,504 Sqft Lot
$ 1,495,000
Est. payment | /mo
3 Beds
6,504 Sqft Lot
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL25583865
Bedrooms 3
HOA Y/N No
Lot Size 6,504 Sqft
Acres 0.15
Property Sub-Type OTHER
Property Description
Compass is pleased to present 1116 N Gower Street, a prime repositioning and development opportunity located in the heart of Hollywood. The existing 2,040-square-foot triplex includes two 2-bedroom units, and one 1-bedroom unit situated on a 6,500-square-foot lot. The adjacent property at 1110 N Gower Street is also available for sale, creating a rare offering of 13,000 total SF of contiguous land for redevelopment for various types of housing, including affordable housing. Delivered vacant at close of escrow, the property enables an owner-user/investor to remodel and lease-up the existing 3-unit building as well as construct two (2) ADU's in the rear (buyer to verify). The property's location benefits from the latest Hollywood Community Plan Update, with C2 zoning, allowing for a variety of development opportunities including residential, mixed-use, and commercial. This is a rare opportunity to acquire a vacant triplex, and optionally a sizable development site in one of Los Angeles' most iconic and evolving neighborhoods.The property is ideally located just north of the intersection of Santa Monica Blvd and Gower Street, near iconic landmarks including Sunset Gower Studios, Paramount Studios, The Hollywood Walk of Fame, and the iconic Hollywood Bowl. The location benefits from
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Heating None
Cooling No Air Conditioning
Fireplace No
Exterior
View Y/N false
View None
Total Parking Spaces 8
Building
New Construction No
Others
Tax ID 5534016015
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Listed by Oliver Ghadoushi • Compass
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Patrick Nagel
REALTOR® | Lic# 1760790