757 Cole Ave Los Angeles CA MLS #23-339951

757 Cole Ave
Los Angeles, CA,
$2,500,000
Beds
0 Baths
SqFt
0.16 Acres
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Attention Developers and Investors, here is an exceptional opportunity for a premier multi-family development in Hollywood. This vacant corner lot, totaling 6,459 SQFT and zoned R3, is located in a prime neighborhood north of Melrose Ave and one block east of Hudson Ave, near Hancock Park & Larchmont Village. A shovel-ready project can be easily developed into a 7,822 sqft three-story seven-units apartment complex with one level of subterranean parking. The plans include seven two-bedroom apartments, each ranging from 1,039-1,350 SF. All permit fees have been paid, and construction can commence immediately. The advantage of this site is its corner location (easy to build) and its proximity to newly developed apartment complexes (curb appeal). Additionally, it is conveniently centrally located with an easy commute throughout Los Angeles to Hollywood, West Hollywood, Beverly Hills, Los Feliz, and La Brea. As well, it near Paramount Studios, Los Angeles Tennis Club, Netflix, Larchmont Village, restaurants, shops & walking distance to the Theatre Row.

Property Details

Price:
$2,500,000
MLS #:
23-339951
Status:
Active
Baths:
0
Address:
757 Cole Ave
Type:
Land
Neighborhood:
hollywood
City:
Los Angeles
Listed Date:
Dec 15, 2023
State:
CA
Lot Size:
6,938 sqft / 0.16 acres (approx)
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