1000 Seward St Bureau 738 m² 100 % Loué À vendre Los Angeles, CA 90038

Savills is pleased to present the opportunity to acquire a rare .79 acre development site located at the intersection of Seward and Romaine
in the dynamic Hollywood submarket of Los Angeles. The property offers a high-profile location on Seward across the street from
Baranof Holding’s proposed self-storage development, Hudson Pacific’s 16.5 acre Sunset Las Palmas Studios, and is surrounded by dense
neighborhoods.
Hollywood has rapidly become one of the most dynamic real estate markets in Southern California with the planned development of over
4,000 new housing units that reflects the district’s rapid growth, with residential asking rents averaging 19% higher than the citywide
average. Of these new units, 12% will be designated as affordable housing, further contributing to Hollywood’s evolving residential landscape.
Additionally, over $3 billion in public and private developments will break ground. These include large scale Multi-family, Mixed Use, Office,
Retail, and Hotels projects. Hollywood is a vibrant “live, work, play” community, and it remains a hub for residents and visitors alike, rich in
history and artistic expression.
With a centralized location in a market characterized by high density development, strong demand, and limited supply, the site is ideal for
developers, and investors seeking an infill development opportunity