$975,579
Exceptional investment and development opportunity! Situated on an expansive 8,693 square foot lot, this property offers outstanding potential for developers, investors, and visionaries looking to maximize the value of a large parcel. The generous lot size presents exciting possibilities for redevelopment, expansion, or reimagining the property to its highest and best use (buyer to verify all development possibilities, zoning, and building requirements with the appropriate local agencies). The existing 1,612 square foot duplex consists of two 2 bedroom, 1 bathroom units, making it an excellent opportunity to generate rental income while planning future improvements. This fixer is ready for renovation and offers substantial upside for those seeking to add value. A detached 2-car garage and the oversized lot provide additional flexibility for future projects. Whether you're looking to renovate, expand, develop, or build new, this rare property combines immediate income potential with exceptional long-term development opportunities.
Listed by Bradley Korb with Brad Korb Real Estate Group
Property Type
Land
Status
Active
MLS Number
BB26186318
Year Built
N/A
Lot Size
8,695 sq ft
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7641 N Hollywood Way, Los Angeles
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