Property
| Ownership: | For Sale |
|---|---|
| Area: | 14992 sq ft |
| Lot Size: | 14992 sq ft |
Financials
Price:$4,990,000
Listing Courtesy of Rodeo Realty
5430 Virginia Ave La
Description
***Seller Financing & Joint Venture Available*** Calling all Developers and Builders! A beautiful development opportunity awaits you. Build a brand-new apartment building on a double-lot development site in the renowned Hollywood Studio District. Property is situated in a Qualified Opportunity Zone, potentially offering tax benefits to the savvy investor. Conveniently located near the 101 Freeway and several Metro lines, making travel to your favorite destinations much easier! Architectural plans call for a 6-story contemporary design featuring 65 apartment residences and 14 recreation rooms (for possible ADU conversions), with one level of semi-subterranean parking only. Ready-to-Issue permits are included, allowing the builder to start construction and save valuable years and excessive frustration often associated with the entitlement process. If you're ready to make a bold statement on the local Hollywood skyline, then this project may be for you! Architectural plans and further details are available upon request.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
