1110-1116 N Gower St - Commercial LAND FOR SALE


Los Angeles, CA 90038- Hollywood13,007 SF
$2,995,000 USD
323-302-8282
1110-1116 N Gower St, Los Angeles, CA for Sale
$2,995,000 USD
Commercial LAND - FOR SALE
1/8
13,007 SF

1110-1116 N Gower St
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • Prime Hollywood Location at Santa Monica Blvd and Gower Street
  • Double-Lot Assemblage: ±13,000 SF of Land with C2 Zoning
  • Ideal for Affordable Housing: Eligible for CHIPS (Citywide Housing Incentive Program), ED1, Within an Opportunity Zone with TOC Tier 3
  • Existing Triplex & Commercial Building Are Both Vacant
  • Easy Access to 101 Freeway, Metro Lines, and LA’s Major Commercial Corridors
  • Surrounded by a Dynamic Mix of New Residential Developments and Hollywood’s Central Employment Hub

OVERVIEW

Compass Commercial is pleased to present 1110-1116 N Gower Street; a premier investment opportunity that blends the historic charm of Hollywood with modern development potential. As an ideal site for affordable housing, each parcel is zoned LA-C2 and features redevelopment potential via CHIPS (Citywide Housing Incentive Program Ordinance), and Executive Directive 1 (ED 1) while located within an Opportunity Zone with TOC Tier 3 Designation. The double-lot assemblage spans ±13,000 SF of land, and includes a ±2,133 SF 2-story commercial building, ±2,000 SF rear storage structure, and a ±2,040 SF triplex - all of which are vacant. This combination brings together residential and commercial utility in one highly adaptable location. The properties are ideally located just north of the intersection of Santa Monica Blvd and Gower Street, near iconic landmarks including Sunset Gower Studios, Paramount Studios, The Hollywood Walk of Fame, and the iconic Hollywood Bowl. The location benefits from high visibility, with both increased pedestrian and vehicle traffic and excellent accessibility. The immediate access to the 101 Freeway, multiple Metro lines, and major east-west corridors, embeds this site in a transit-rich area supported by both residential and commercial activity. __________________________________ *Buyer to verify any and all accuracy of information.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/ACRE

$10,029,382/AC

PRICE/SF

$230 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Double-Lot Development Site | C2 Zoning

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Office, Multi-Family, Hospitality, Apartment Units - Condo, Apartment Units - Senior, Apartment Units - Subsdzd, General Freestanding, Hold for Development, Hold for Investment, Medical, Planned Unit Development, Storefront, Storefront Retail/Office, Storefront Retail/Residential, Warehouse

LAND ACRES

0.3 AC

LAND SF

13,008 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

LAC2

APN/PARCEL ID

5534-016-014,5534-016-015

ASK ABOUT THIS PROPERTY

Oliver GhadoushiCompass CommercialMore Info
323-302-8282

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Oliver GhadoushiCompass CommercialMore Info
323-302-8282

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.