323-302-8282
, Los Angeles, CA for Sale
FOR SALE
1/8
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Prime for Affordable Housing | Hollywood
Los Angeles, CA
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, the site features redevelopment potential for CHIPS (Citywide Housing Incentive Program Ordinance), 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 three (3) distinct structures that offer both immediate flexibility and long-term value for an owner-user, investor, and developer with a forward-looking vision. The subject properties are vacant, and include a ±2,133 SF 2-story commercial building, ±2,000 SF rear storage structure, and a ±2,040 SF triplex. 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.

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.