Property developers or apartment designers, contractors, architects perfect canvas for you.This 2 unit building has become obsolete in its present income position, it will be a dream investment for the person looking to turn it into a positive cash flow position. Located on prime land and is waiting to be put to its highest and best use. Sitting atop a hill, it provides scenic and Iconic views of the Hollywood hills, Hollywood sign and many other attractions. Minutes from Downtown, Silver lake, & Los Feliz. Zoned (LAR3) Can build up to 7 units (6301 SQ FT). Located Next to A large Apartment Complex A Variance request may allow more units. Studios, 1 AND 2 Bedrooms in surrounding area range from $1,600-$3,500 MONTHLY.Location lends itself to an apartment type structure with underground parking . SELLER IS LOOKING FOR BUYER WHO HAS THE VISION TO REBUILD AN UPSCALE RETREAT THAT FITS WITH THIS BOOMING URBAN AREA. LOTS OF REVITALIZATION ALREADY UNDERWAY, KOREA TOWN AND SURROUNDING AREA HAVE NEW COMPANIES AND BUILDING PROJECTS TOO NUMEROUS TO MENTION. Property Sold AS IS Condition. Buyer to verify all information and satisfy any concerns with inspections at own cost.
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Data Provided by:
California Regional Multiple Listing Service