7045 W Sunset Blvd
LOS ANGELES, CA 90028

Property

Ownership: For Sale
Area: 12004 sq ft
Lot Size: 0.3 Acres

Financials

Price:$3,995,000
271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of Keller Williams Beverly Hills

7045 W Sunset Blvd Hollywood Hills East La

Description

We are pleased to present for sale a rare opportunity to acquire an approximately 12,000 SF vacant development site directly on Sunset Blvd in the heart of Hollywood. Offered at $3,995,000, representing an attractive land basis of approximately $333/SF. Zoned C2-2D-SN, located within TOC Tier 3 and an Opportunity Zone, the site offers significant development potential and flexibility. Build approximately 30 units by right or potentially up to 63 units with TOC incentives + ADUs (buyer to verify). The property may also offer potential for a 100% affordable housing development (buyer to verify). Vacant land with no tenant relocation, demolition costs, or SB 8 replacement issues. Lot dimensions are approximately 60' x 200'. Seller financing options available. Prime Sunset Blvd location in the heart of Hollywood, within walking distance of Hollywood/Highland Metro, shopping, dining and entertainment. An excellent opportunity to acquire a sizable, clean-slate development site along one of Hollywood's most recognizable corridors with multiple potential development strategies.

Neighborhood

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CLAW

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.