598 N Hoover St - Commercial LAND FOR SALE


Los Angeles, CA 90004- Silver Lake4,055 SF
$900,000 USD
310-494-6368
598 N Hoover St, Los Angeles, CA for Sale
$900,000 USD
Commercial LAND - FOR SALE
1/10
4,055 SF

598 N Hoover St
Los Angeles, CA 90004
Silver Lake


HIGHLIGHTS

  • Prime redevelopment opportunity in Silver Lake / East Hollywood. 4,057 SF of total land area across two parcels
  • Fire affected 1,320 SF structure well-suited for tear down. Zoning: LAC1.5 (ideal for multifamily or mixed-use development)
  • TOC Tier 3 Designation. Development potential (Buyer to verify):
  • 10 units base density by right. 14 units with density bonus. Adjacent to Silver Lake, Melrose Avenue, and Sunset Boulevard
  • ~12,171 square feet of floor area over 3+ story mixed use. Potential for all-residential or ground-floor retail mixed-use project
  • APNs: 5401-001-004 & 5401-001-021 included in the sale. Situated along a vibrant retail corridor with strong pedestrian traffic

OVERVIEW

The Glaser Group is pleased to present 598 N Hoover Street, an exceptional land offering positioned at the nexus of Silver Lake and East Hollywood. Totaling 4,057 square feet across two contiguous parcels, the property is zoned LAC1.5 with TOC tier 3 designation, providing a flexible canvas for multifamily or mixed-use development. A previously existing 1,320-square-foot structure was recently affected by a fire, but the property’s highest and best use lies in redevelopment, making it ideally suited for a tear-down opportunity. Under current C1.5 zoning, the site permits a base density of 10 units by-right, and a mixed-use project could build up to ~12,171 SF of floor area over multiple stories, with retail on the ground floor and housing above (Buyer to verify). Multifamily developers could also take advantage of a 3% density bonus for 14 units, with 11% very low income. This creates an attractive opportunity for developers to pursue either an all-residential project, a purely commercial build, or a mixed-use concept. The property benefits from a prime location along a vibrant retail corridor, offering future residents or tenants immediate access to the diverse amenities of Silver Lake and East Hollywood. Just blocks from Melrose Avenue and Sunset Boulevard, the site is surrounded by an eclectic mix of trendy cafes, restaurants, boutiques, and entertainment venues. With its zoning, scale, and location, this offering presents developers and investors with a rare chance to deliver a thoughtfully designed project in one of Los Angeles’ most desirable submarkets.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/ACRE

$9,663,298/AC

PRICE/SF

$222 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

598 N Hoover St

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

-

LAND ACRES

0.09 AC

LAND SF

4,057 SF

OFFSITE IMPROVEMENTS

-

ZONING

LAC1.5

APN/PARCEL ID

5401-001-004,5401-001-021

ASK ABOUT THIS PROPERTY

Jake GlaserLyon Stahl Investment Real EstateMore Info
310-494-6368

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Jake GlaserLyon Stahl Investment Real EstateMore Info
310-494-6368

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