$1,499,000

LAND FOR SALE | PRIME HOLLYWOOD DEVELOPMENT OPPORTUNITY. Rare opportunity to acquire an approximately 6,615 SF vacant and fully cleared development site in the highly desirable Hollywood Studio District, just south of Sunset Boulevard. The property is identified as [Q]R4-1VL-CPIO within the Hollywood Community Plan area, with current ZIMAS information identifying TOC Tier 3 and ED1 Eligible Site designations, offering potential for multifamily and other qualifying development strategies, subject to applicable regulations and City approval. The site offers approximately 50 feet of frontage by 132 feet of depth and presents an exceptional opportunity for developers, investors, and builders seeking a strategically located Los Angeles infill development site. Potential for approximately 28+ units based on preliminary development information; buyer to independently verify all development potential with the City of Los Angeles. Conveniently located near Sunset Boulevard, Sunset Bronson Studios, Sunset Gower Studios, Hollywood Boulevard, Hollywood & Vine, Metro transportation, dining, entertainment, major employment centers, and the 101 Freeway. APN 5545-015-006. Buyer and Buyer's Agent to independently verify zoning, density, allowable unit count, TOC Tier 3 and ED1 eligibility, FAR, height, parking, setbacks, development standards, entitlements, permits, fees, utilities, and all other property and development information with the City of Los Angeles and appropriate professionals. No representation or warranty is made regarding development potential, allowable density, unit count, entitlements, or approvals. Property is being sold in its present​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​‌​​‌‌​​​​​​‌‌​‌‌​ condition.