Attention Developers and Investors: Premier multi-family development opportunity in Hollywood. Located south of Santa Monica Blvd and one block east of Hudson Ave in the one of the most rapidly redeveloping streets of Hollywood. This 6,812 square foot flat lot is zoned R3, and offers 50 feet of frontage on Wilcox Ave with by-right buildable height of up to 45 feet. The lot sits directly across from an ongoing 17-unit development project. Ability to develop small lot subdivision or 8 rental units. Close proximity to Paramount Studios, Los Angeles Tennis club, Netflix, Larchmont Village, restaurants, shops, walking distance to Theatre Row and easy access to the Westside. Current Use: Multi-family 3-Unit with 2,073 square feet and current rental income of $4,100 while working through entitlements.
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