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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,600,000

Est. payment | -/mo

6 Beds

6 Baths

6,791 Sqft Lot

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$ 1,600,000

Est. payment | -/mo

Save

6 Beds

6 Baths

6,791 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26121368

Bedrooms 6

Lot Size 6,791 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Prime Redevelopment Opportunity High-Density SB 79 Site with Approved ADU in Hollywood Outstanding opportunity to acquire a 4-unit apartment property positioned for significant redevelopment upside in one of Hollywoods most desirable and transit-oriented residential neighborhoods. The existing improvements include two 2-bedroom / 2-bath units and two 1-bedroom / 1-bath units, all featuring formal living rooms, formal dining rooms, oversized kitchens, and private balconies. The property is located within a high-density residential zone qualifying for enhanced development incentives under California SB 79, allowing substantial residential density increases beyond base zoning standards. When paired with SB 35 ministerial approval pathways and SB 330 development streamlining and vested rights protections, this site offers a rare opportunity for by-right multifamily expansion with reduced entitlement risk and accelerated timelines. Approved plans for an additional 2-bedroom ADU are already in place, providing immediate near-term income upside while longer-term redevelopment options are explored. The zoning and statutory framework make this property ideal for unit count expansion, vertical addition, or full redevelopment, subject to buyer verification. Ideally situated walking distance to Los Feliz Village, acclaimed restaurants, boutique retail, and everyday amenities. The property is also minutes from Kaiser Permanente, Childrens Hospital Los Angeles, and Hollywood Presbyterian Medical Center, and conveniently close to major studios and employment centers throughout Hollywood

Location

State CA

County Los Angeles

Zoning Assessor

Direction NORMANDIE STREET / SUNSET BLVD

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5543026023

Acceptable Financing Cash

Listing Terms Cash

Listed by Levon Terzian, DRE#01792635 HiLine Inc.

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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1415 N Mariposa Los Angeles, CA 90027