$1,595,000
High up on Beachwood Drive in the shadow of the Hollywood Sign sits one of the most iconically located multifamily zoned lots in the City of Los Angeles. The offering presents a rare opportunity to pursue multiple viable development strategies, allowing buyers to balance construction cost, unit size, and yield base on their specific investment approach. One potential redevelopment typology would be SFR & ADU + Duplex - outlined with greater detail herein under two retaining wall options. The sale includes APN “012” which is a dramatically sloped R1 lot directly adjacent/behind the subject. The property is currently permitted for a “remodel” of the existing 1,432 SF SFR to a 3,337 SF SFR and 477 SF JADU with pool. Those plans, associated work product (including ALTA, TOPO, geotechnical reports), and permit payment invoices are available within the property due diligence folder.
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Listed by Francis Evanisko with Evanisko Realty & Investment (818) 985-9700
Property Type
Land
Status
Active
MLS Number
SR26090611
Year Built
N/A
Lot Size
7,518 sq ft