Nest Seekers

7045 W Sunset Blvd Hollywood Hills East La

7045 W Sunset Blvd
LOS ANGELES, CA 90028

Listing

Web ID:5749505
Website:https://www.nestseekers.com/5749505

Property

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

Financials

Price:$3,995,000

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.

Location

7045  W Sunset Blvd LOS ANGELES CA 90028 USA

Contact

Beverly Hills, CA
271 North Canon Drive Beverly Hills, CA 90210
Phone: +1 310-278-8861
Fax: +1 310-362-0351
info@nestseekers.com
Listing Courtesy of Keller Williams Beverly Hills
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