Asking Price: $5,500,000

We are proud to present this value add opportunity in Hollywood. The site consists of three adjacent duplexes and is located just north of the 101 freeway. One of the units will be delivered vacant. A new Buyer may be able to obtain favorable financing options. By right you can build up to 24 units and with the density bonus up to 34. The price per square foot breaks down to $226 on land. The Letter of Determination has been submitted to the City of Los Angeles and should be approved in the next 6 months.