Development | Prime Hollywood | Opportunity Zone | Tier 3 TOC | Small Lot & Co-Living
$3,600,000
1350-1356 N Orange Dr, Los Angeles, CA 90028
15,013 sqft
16
Buildable/Units
Details:
Highlights:
- A++ Hollywood Location; Just West of Highland & South of Sunset Boulevard
- Two Apartment Buildings and One SFR on Three Separate but Adjacent Parcels
- Great Opportunity for a Developer or Investor
- Apartments are Legally Five (5) Units; Seller has Converted Into an Eight (8) Unit
- Walkscore of 94 (Walker’s Paradise); Near Major Employers, Shopping, & Entertainment Venues
Description:
LAAA Team in partnership with The Liberow Group are pleased to present 1350 1356 N Orange Drive & 6914 De Longpre Avenue, three adjacent parcels on a corner lot that contain 2 apartment buildings and a single family residence. With a total lot size of 15,013 square feet zoned RD1.5-1XL with Tier 3 TOC, a developer has the opportunity to build up to 16 Multifamily Units, Co-Living or 10 Small Lot Subdivided Homes.
The property is well located just west of Highland and south of Sunset Boulevard in a high demand sub-market of Hollywood. With a Walk Score of 94 (Walkers Paradise) the property is surrounded by affluent high-end neighborhoods, boutique bars and restaurants, and mixed use developments.
Neighboring Hollywood has experienced a major influx of development over the last decade. Due to the city’s sought after dining, nightlife, and artistic lifestyle, demand for housing has reached an all time high. Higher income residents are attracted to this area’s urban amenities, improved schools, and convenient location near key employment and entertainment centers.
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