Property Details
About this Property
First time on the market in over 50 years! Investors and developers, don’t miss this prime opportunity in the heart of Hollywood! This 4-unit apartment building features spacious 1-bedroom, 1-bathroom units, each approximately 930 sq ft (one is currently tenant occupied), and sits on a lot of approximately 6,800 sq ft zoned LARD1.5. The property offers substantial redevelopment potential, including eligibility for Los Angeles' Transit Oriented Communities (TOC) tier 3 incentives, which could allow up to 70% more units with affordable housing set-asides, reduced parking requirements (as low as 0.5 spaces per unit), and additional height or FAR bonuses. Perfectly situated, this property is moments from the iconic Hollywood Walk of Fame, Griffith Park and Observatory for hiking and scenic views, and Runyon Canyon for outdoor enthusiasts. It is surrounded by world-class shopping, dining, and entertainment options, including Hollywood & Highland, Sunset Strip, and the Melrose Avenue retail corridor. Enjoy easy access to nearby neighborhoods like West Hollywood, Los Feliz, and Silver Lake, all popular hubs for arts, culture, and nightlife. Proximity to major freeways like the 101 ensures seamless connectivity to Downtown LA, Burbank, and Studio City. Whether repositioning the asset or
MLS Listing Information
MLS #
CRSR24249700
MLS Source
California Regional MLS
Days on Site
2
Interior Features
Appliances
Oven Range - Gas
Laundry
None
Cooling
None
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 4 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1834 N Van Ness Ave is a Residential Income in Los Angeles, CA 90028. This – square foot property sits on a 6,772 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,400,000 and was built in 1919. This address can also be written as 1834 N Van Ness Ave, Los Angeles, CA 90028.
©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of December 20, 2024. For the most current information, please contact Parastou Asadian
