1516 La Baig AveLOS ANGELES, CA 90028
| Cross street: | Sunset Blvd. and La Baig Ave. |
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Property
| Ownership: | For Sale |
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| Area: | 5502 sq ft |
| Lot Size: | 0.12 Acres |
FinancialsPrice:$1,800,000
Description***RTI Plans Available Upon Request*** 1516 La Baig Ave is a duplex (delivered vacant) located on a 5,499 SF lot in the center of the Hollywood Media District; just two parcels north of Sunset Blvd. The property comes with Ready-to-issue (RTI) plans to develop a 9-unit market-rate multifamily complex. Plans call for (1) 2-bdrm. unit, (3) 1-bdrm. units, and (5) singles. This site is eligible (buyer to verify) for Opportunity Zone tax benefits and is aligned with the recently enacted Hollywood Community Plan, which significantly increases allowable density incentivizes affordable housing, and encourages transit-oriented growth throughout the Sunset and Hollywood corridors. This is a rare opportunity to acquire a development-ready site in a dynamic growth corridor, surrounded by major film and media employers, new mixed-use development, and transformative infrastructure investment. The property neighbors a new 109-unit apartment complex by CIM, across from Sunset Bronson Studios and Emerson College, and adjacent to the Netflix headquarters campus. A block away, the much-anticipated $1 billion "The Star" tower, designed by Norman Foster, is set to redefine the local skyline and inject over half a million square feet of new Class A creative space. The property comes with Ready-to-issue (RTI) plans to develop a 9-unit market-rate multifamily complex. Plans call for (1) 2-bdrm. unit, (3) 1-bdrm. units, and (5) singles. This site is eligible (buyer to verify) for Opportunity Zone tax benefits and is aligned with the recently enacted Hollywood Community Plan, which significantly increases allowable density incentivizes affordable housing, and encourages transit-oriented growth throughout the Sunset and Hollywood corridors. The existing improvements include (2) 1-bdrm. bungalow-style units. The property also features covered and surface parking, plus a standalone garage. Please note, the units are separately metered. 1514 La Baig is a forward-looking investment in a creative corridor that continues to attract capital, talent, and transformative growth.The existing improvements include (2) 1-bdrm. bungalow-style units. The property also features covered and surface parking, plus a standalone garage. Please note, the units are separately metered. 1516 La Baig is a forward-looking investment in a creative corridor that continues to attract capital, talent, and transformative growth.
NeighborhoodMore listings:
***RTI Plans Available Upon Request*** 1516 La Baig Ave is a duplex (delivered vacant) located on a 5,499 SF lot in the center of the Hollywood Media District; just two parcels north of Sunset Blvd. The property comes with Ready-to-issue (RTI) plans to develop a 9-unit market-rate multifamily complex. Plans call for (1) 2-bdrm. unit, (3) 1-bdrm. units, and (5) singles. This site is eligible (buyer to verify) for Opportunity Zone tax benefits and is aligned with the recently enacted Hollywood Community Plan, which significantly increases allowable density incentivizes affordable housing, and encourages transit-oriented growth throughout the Sunset and Hollywood corridors. This is a rare opportunity to acquire a development-ready site in a dynamic growth corridor, surrounded by major film and media employers, new mixed-use development, and transformative infrastructure investment. The property neighbors a new 109-unit apartment complex by CIM, across from Sunset Bronson Studios and Emerson College, and adjacent to the Netflix headquarters campus. A block away, the much-anticipated $1 billion "The Star" tower, designed by Norman Foster, is set to redefine the local skyline and inject over half a million square feet of new Class A creative space. The property comes with Ready-to-issue (RTI) plans to develop a 9-unit market-rate multifamily complex. Plans call for (1) 2-bdrm. unit, (3) 1-bdrm. units, and (5) singles. This site is eligible (buyer to verify) for Opportunity Zone tax benefits and is aligned with the recently enacted Hollywood Community Plan, which significantly increases allowable density incentivizes affordable housing, and encourages transit-oriented growth throughout the Sunset and Hollywood corridors. The existing improvements include (2) 1-bdrm. bungalow-style units. The property also features covered and surface parking, plus a standalone garage. Please note, the units are separately metered. 1514 La Baig is a forward-looking investment in a creative corridor that continues to attract capital, talent, and transformative growth.The existing improvements include (2) 1-bdrm. bungalow-style units. The property also features covered and surface parking, plus a standalone garage. Please note, the units are separately metered. 1516 La Baig is a forward-looking investment in a creative corridor that continues to attract capital, talent, and transformative growth.
1516 La Baig Ave Hollywood Hills East La
- 9 Unit RTI Plans - 1516 La Bai
- Location Overview - 1516 La Ba
- Front of Property - 1516 La Ba
- Front of Property - 1516 La Ba
- Front of Property - 1516 La Ba
- Back of Property - 1516 La Bai
- Covered Parking - 1516 La Baig
- Front Unit Living Room - 1516
- Front Unit Dining Room - 1516
- Front Unit Dining Room - 1516
- Front Unit Kitchen - 1516 La B
- Next to CIM Group development
Description***RTI Plans Available Upon Request*** 1516 La Baig Ave is a duplex (delivered vacant) located on a 5,499 SF lot in the center of the Hollywood Media District; just two parcels north of Sunset Blvd. The property comes with Ready-to-issue (RTI) plans to develop a 9-unit market-rate multifamily complex. Plans call for (1) 2-bdrm. unit, (3) 1-bdrm. units, and (5) singles. This site is eligible (buyer to verify) for Opportunity Zone tax benefits and is aligned with the recently enacted Hollywood Community Plan, which significantly increases allowable density incentivizes affordable housing, and encourages transit-oriented growth throughout the Sunset and Hollywood corridors. This is a rare opportunity to acquire a development-ready site in a dynamic growth corridor, surrounded by major film and media employers, new mixed-use development, and transformative infrastructure investment. The property neighbors a new 109-unit apartment complex by CIM, across from Sunset Bronson Studios and Emerson College, and adjacent to the Netflix headquarters campus. A block away, the much-anticipated $1 billion "The Star" tower, designed by Norman Foster, is set to redefine the local skyline and inject over half a million square feet of new Class A creative space. The property comes with Ready-to-issue (RTI) plans to develop a 9-unit market-rate multifamily complex. Plans call for (1) 2-bdrm. unit, (3) 1-bdrm. units, and (5) singles. This site is eligible (buyer to verify) for Opportunity Zone tax benefits and is aligned with the recently enacted Hollywood Community Plan, which significantly increases allowable density incentivizes affordable housing, and encourages transit-oriented growth throughout the Sunset and Hollywood corridors. The existing improvements include (2) 1-bdrm. bungalow-style units. The property also features covered and surface parking, plus a standalone garage. Please note, the units are separately metered. 1514 La Baig is a forward-looking investment in a creative corridor that continues to attract capital, talent, and transformative growth.The existing improvements include (2) 1-bdrm. bungalow-style units. The property also features covered and surface parking, plus a standalone garage. Please note, the units are separately metered. 1516 La Baig is a forward-looking investment in a creative corridor that continues to attract capital, talent, and transformative growth.
NeighborhoodMore listings:
***RTI Plans Available Upon Request*** 1516 La Baig Ave is a duplex (delivered vacant) located on a 5,499 SF lot in the center of the Hollywood Media District; just two parcels north of Sunset Blvd. The property comes with Ready-to-issue (RTI) plans to develop a 9-unit market-rate multifamily complex. Plans call for (1) 2-bdrm. unit, (3) 1-bdrm. units, and (5) singles. This site is eligible (buyer to verify) for Opportunity Zone tax benefits and is aligned with the recently enacted Hollywood Community Plan, which significantly increases allowable density incentivizes affordable housing, and encourages transit-oriented growth throughout the Sunset and Hollywood corridors. This is a rare opportunity to acquire a development-ready site in a dynamic growth corridor, surrounded by major film and media employers, new mixed-use development, and transformative infrastructure investment. The property neighbors a new 109-unit apartment complex by CIM, across from Sunset Bronson Studios and Emerson College, and adjacent to the Netflix headquarters campus. A block away, the much-anticipated $1 billion "The Star" tower, designed by Norman Foster, is set to redefine the local skyline and inject over half a million square feet of new Class A creative space. The property comes with Ready-to-issue (RTI) plans to develop a 9-unit market-rate multifamily complex. Plans call for (1) 2-bdrm. unit, (3) 1-bdrm. units, and (5) singles. This site is eligible (buyer to verify) for Opportunity Zone tax benefits and is aligned with the recently enacted Hollywood Community Plan, which significantly increases allowable density incentivizes affordable housing, and encourages transit-oriented growth throughout the Sunset and Hollywood corridors. The existing improvements include (2) 1-bdrm. bungalow-style units. The property also features covered and surface parking, plus a standalone garage. Please note, the units are separately metered. 1514 La Baig is a forward-looking investment in a creative corridor that continues to attract capital, talent, and transformative growth.The existing improvements include (2) 1-bdrm. bungalow-style units. The property also features covered and surface parking, plus a standalone garage. Please note, the units are separately metered. 1516 La Baig is a forward-looking investment in a creative corridor that continues to attract capital, talent, and transformative growth.
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All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
