Hollyhock Development Site | Los Feliz 4773 Hollywood Blvd Lot | Terrain residentiel | 0,26 ha | À vendre | 8 034 550 € | Los Angeles, CA 90027

CBRE, Inc., as exclusive advisor to the Seller, is pleased to present 4773 Hollywood Blvd. located in the Los Feliz submarket of Los Angeles. This site is composed of three adjacent parcels totaling approximately 28,498 SF of lot area. The site dimensions are ±135’ x ±210’. Currently vacant, this site sits within the Hollywood Community Plan area and the Vermont/Western Station Neighborhood Area Specific Plan (SNAP). The site contains two zoning designations of C2-1D for the fronting parcels on Hollywood Blvd., and RD1.5- 1XL for the rear parcel on Berendo St. Ownership is currently in Planning with a 90-unit project. The site is eligible for numerous state and local incentives which would permit up to ±120 units in a State Density Bonus (AB 1287) project and unlimited density in a Mixed-Income, Affordable Housing Incentive or ED1 project. Potential buyers are encouraged to review the land use memo provided in the Virtual Deal Room. The area around the site, Los Feliz and Silverlake, offer a dynamic and appealing lifestyle in Los Angeles, characterized by a vibrant cultural scene, diverse culinary experiences, access to green spaces like Griffith Park and the Silver Lake Reservoir, and a strong sense of community. While Silver Lake leans towards a trendier, more eclectic vibe, Los Feliz offers a slightly more established and classic Los Angeles charm. Both neighborhoods provide a rich urban experience with a wealth of amenities and attractions that draw residents and visitors alike. During the past 12 months, about 290 net new apartments delivered in the East Hollywood Submarket. The East Hollywood Submarket currently has around 1,300 units under construction, which will expand unit count in the submarket by 3.7% once all developments complete. Please visit the Property Website www.4773hollywood.com to execute the Confidentiality Agreement and access the Virtual Deal Room.