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$ 1,750,000
Est. payment | /mo
6,751 Sqft Lot
$ 1,750,000
Est. payment | /mo
6,751 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26985947
HOA Y/N No
Lot Size 6,751 Sqft
Property Description
The 6,750 SF development site is zoned R4-1(C2 street-front retail/medical use), TOC Tier 4 in an Opportunity Zone, and is ideally positioned between a highly concentrated healthcare employment hub + major entertainment and creative employment base. TheSNAP Subarea C designation offers unique buildability utilizing the entire square footage lot line to lot line, with unlimited height and 0 yard or parking required (Buyer to verify). The property is immediately adjacent to Kaiser Permanente's planned multi-phase Los Angeles Medical Center expansion, including a planned130,000 SF medical office building at 1326-1328 N New Hampshire Ave. Major healthcare anchors include Kaiser Permanente Los Angeles Medical Center (325,000 members), Hollywood Presbyterian Medical Center (434-bed acute care hospital), and Children's Hospital Los Angeles (438-bed pediatric hospital). The surrounding entertainment hub draws employees, investors, clients, vendors, and visitors to Netflix's 418,000 SF campus, the 4.5-acre Sunset Bronson Studios, and The Prospect Studios in Los Feliz. The property also benefits from an exceptional transit-oriented location just one block from the Vermont/Sunset Metro Station, supporting strong housing demand from the surrounding medical ecosystem, including physicians, nurses, hospital and medical-office employees, traveling nurses and other visiting healthcare professionals, as well as patients' families and loved ones seeking convenient accommodations near the surrounding hospitals and medical centers. Centrally located between Hollywood, Los Feliz and Silver Lake, the property is near Griffith Park and many of the area's most desirable dining, nightlife and recreation destinations, while neighborhood institutions including Saffy's and Tiki-Ti are within walking distance. The combination of existing entitlements for 33 units, transit access, major institutional employment, expanding healthcare infrastructure and proximity to Hollywood's creative economy creates a compelling development opportunity in a supply-constrained central Los Angeles location. Architectural, engineering, and technical plans available upon request. *Broker does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of property provided by seller or obtained from public records or other sources, and the buyer is advised to independently verify the accuracy of that information through personal inspection and with appropriate professionals.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning R4-1 TOC Tier 4
Interior
Fireplace No
Exterior
View Y/N Yes
View City Lights
Building
Lot Description Corners Marked
New Construction No
Others
Senior Community No
Tax ID 5543016014
Special Listing Condition Standard
Listed by Nicole Lu Maher Commercial Realty #02045957
NEARBY SCHOOL & BUSINESS