Asking Price: $3,795,000

The subject property is comprised of a VACANT duplex consisting of approximately 2,852 SF on a 6,500 SF single lot located in the Beverly Grove neighborhood of L.A. just north of the incredibly popular Melrose Place. The property is situated just outside of the West Hollywood city boundary, yielding a buyer less restrictive development standards. This vibrant neighborhood and its multitude of chic and trendy restaurants, shops, green spaces, etc. is a renter's paradise. It boasts a Walkscore of 86: Very Walkable. Development potential is prime. The property is zoned (Q)R3-1, allowing for 8 units, by right. The Tier 2 designation can increase density and reduce parking, among other things. The street has one big project under construction and an even bigger one pushing towards breaking ground.