Bunny Maxim

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Attention Developers and Investors. Premier multi-family development opportunity in Hollywood. Fully entitled, permits issued and paid, 7 unit apartment building development opportunity located south of Santa Monica Blvd and one block east of Hudson Ave in vicinity of Hancock Park. Seller provides city approved set of plans with RTI Permits (mechanical, electrical, and plumbing, etc.) included in the price of the land. This 6,936 square foot flat lot is zoned R3. The great advantage to this site is that you have the corner property which makes it so much easier to develop. 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. Buyer and Buyer’s Agent is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Start building right away and capitalize on 1 year of entitlement work. It is one of the most risk adverse opportunities in the market considering both housing-shortage and market risk due to its irreplaceable location and uniq potential in Hollywood. Plans available for review upon request

Property Details

Price:
$2,850,000
MLS #:
PW20061835
Status:
Active
Address:
757 Cole Avenue 5533034001
Type:
Land
City:
Los Angeles
Listed Date:
Mar 22, 2020
State:
CA
ZIP:
90038
Lot Size:
6,936 sqft / 0.16 acres (approx)
Year Built:
0

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757 Cole Avenue 5533034001
Los Angeles, CA

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