Redevelopment opportunity in one of Hollywood’s most active growth corridors. The sale includes the land, full entitlements, and all signed and sealed plans associated with the building permit application for a 27-unit multifamily community.
Existing triplex generates approximately $60,000 per year, and the buyer may choose to receive the property with tenants in place—a major advantage that provides cash flow while advancing the project toward groundbreaking.
Key highlights:
*) Asking price: $2,396,500
*) 4-story, 27-unit multifamily design (primarily 2BR/2BA) with 56 parking spaces
*) Strong condo upside: nearby Gaia Residences averaging $850/SF
*) Dual exit strategies: boutique condo or luxury rental community
*) DH-2 zoning with potential eligibility for workforce or live-work incentives
A rare chance to acquire an income-supported development site with substantial long-term upside and a streamlined path to permitting.