6,791 Sqft Lot
6,791 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26121368
HOA Y/N No
Year Built 1921
Lot Size 6,791 Sqft
Property Sub-Type Quadruplex
Property Description
Outstanding opportunity to acquire a 4-unit apartment property positioned for significant redevelopment upside in one of Hollywood's most desirable and transit-oriented residential neighborhoods. The existing improvements include two 2-bedroom / 2-bath units and two 1-bedroom / 1-bath units, all featuring formal living rooms, formal dining rooms, oversized kitchens, and private balconies.
The property is located within a high-density residential zone qualifying for enhanced development incentives under California SB 79, allowing substantial residential density increases beyond base zoning standards. When paired with SB 35 ministerial approval pathways and SB 330 development streamlining and vested rights protections, this site offers a rare opportunity for by-right multifamily expansion with reduced entitlement risk and accelerated timelines.
Approved plans for an additional 2-bedroom ADU are already in place, providing immediate near-term income upside while longer-term redevelopment options are explored. The zoning and statutory framework make this property ideal for unit count expansion, vertical addition, or full redevelopment, subject to buyer verification.
Ideally situated walking distance to Los Feliz Village, acclaimed restaurants, boutique retail, and everyday amenities. The property is also minutes from Kaiser Permanente, Children's Hospital Los Angeles, and Hollywood Presbyterian Medical Center, and conveniently close to major studios and employment centers throughout Hollywood and Los Angeles.
A rare Hollywood redevelopment asset offering existing cash flow, approved ADU plans, and exceptional density bonus and streamlining advantages under SB 79, SB 35, and SB 330.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Interior
Interior Features Balcony
Heating Central
Cooling Central Air
Flooring Bamboo, Wood
Fireplace No
Appliance Gas Range, Water Heater, Dryer
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
View Y/N No
View None
Total Parking Spaces 7
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Rectangular Lot, Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5543026023
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
