This prime development site presents an outstanding opportunity to acquire a multifamily development lot in one of Los Angeles' strongest rental markets. Situated in East Hollywood, the approximately 6,000 sq ft site offers exceptional redevelopment potential with development-friendly zoning and valuable TOC Tier 3 incentives.
The property is strategically positioned between Hollywood, Koreatown and Larchmont Village, providing excellent access to major employment centres, public transport, shopping, dining and entertainment. Surrounded by established multifamily developments, the site benefits from strong rental demand, ongoing redevelopment activity and excellent long-term growth prospects.
Zoned LARD1.5, the flat, usable site offers the potential to develop eight or more residential units, subject to approvals, while reduced parking requirements under the Transit Oriented Communities (TOC) programme further enhance development feasibility. The property's location close to the US-101, Metro services and major commercial corridors makes it well suited for developers seeking a high-demand urban infill project.
This is an excellent opportunity for multifamily developers, value-add investors and long-term holders looking to capitalise on one of Southern California's most active residential markets.
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