C-2 Zoned Developer’s Delight in Prime Hollywood

$1,199,000

1015 North Gower Street, West Hollywood, CA 90038

For Sale

Development Multifamily

Active

Last Updated: 07/01/2025

Details:

Development Type: Multifamily

Building Size: 1,248 sqft

Lot Area: 6,503 sqft

Zoning: C-2

Permits: No

Offered by

Stephen Shiu

Broker Associate

BRC Advisors

#01921212

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Highlights:

C-2 Zoning in prime Hollywood
Tier 3 Transit Oriented Community Density Bonus
Additional access from alley
$5,200 income from month to month commercial tenant
Low demolition costs
Close to Paramount Studios, Raleigh Studios, Hollywood Forever, and other attractions
Views of Hollywood sign and hills
91 Walk Score

Description:

This prime lot is currently occupied by a commercial tenant on a month to month lease at $5,200 so you can collect rent as you go through entitlements. Even demolition costs will be minimal since there are two small structures on the corners of the lot (408 SF and 840 SF). Surrounding this lot are views of the Hollywood sign, Paramount Studios, Raleigh Studios, Hollywood Forever, and other Hollywood and adjacent Larchmont Village attractions. This is the lot you've been looking for.