$1,200,000
Est. payment /mo
5,902 Sqft Lot
New
779 N Alexandria AVE Los Angeles, CA 90029
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UPDATED:
01/23/2025 04:03 AM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25008879
HOA Y/N No
Lot Size 5,902 Sqft
Property Description
We are pleased to present an excellent development opportunity near Santa Monica Blvd and Normandie Ave in East Hollywood Boasting a lot size of +/- 6,000sq. ft., zoning of LARD1.5, and Tier 3 TOC designation, the potential possibilities for this property are endless! Buyer may be able to do affordable housing (ED-1) project on this lot! Buyer to investigate. The buyer can also reap tax benefits as the property is in an Opportunity Zone! Build more ADUs to generate additional rental income. Given the property's location with rental Hollywood rental market and close to Virgil Village, Melrose Hill, and the numerous establishments across Santa Monica Blvd., this is a value-add investment not to be missed!
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LARD2
Interior
Fireplace No
Exterior
Community Features Sidewalks
View Y/N No
View None
Present Use Residential
Building
Lot Description 0-1 Unit/Acre
Water Public
New Construction No
Others
Senior Community No
Tax ID 5538007027
Acceptable Financing Cash, Cash to New Loan, Owner Will Carry
Listing Terms Cash, Cash to New Loan, Owner Will Carry
Special Listing Condition Standard
Listed by Arshag Bohdjelian • West Valley Plaza Realty • 818-612-4498