5832 Virginia Ave
Los Angeles, CA 90038
RTI project in Hollywood - 9 units · Land For Sale
·
0.17 AC
Property Facts
| Property Type | Land | Proposed Use | Apartment Units - Condo |
| Property Subtype | Commercial | Total Lot Size | 0.17 AC |
| Zoning | R3 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 0.17 AC |
| Zoning | R3 |
Description
Attention Developers! Incredible development opportunity in the heart of Hollywood in a high demand rental area. Property will be delivered with RTI permits to build a 9-unit boutique luxury apartment building with ground level parking garage and rooftop deck. Existing duplex will be delivered VACANT at close of escrow, ready to be demolished. Unit mix of the proposed project consists of 3x 3-bedroom, 3-bathroom units, 1x 2-bedroom, 2-bathroom unit, 2x 1-bedroom, 2-bathroom units, and 3x large studio units. Dont miss this opportunity as CIM Group - developers of The Kodak Theatre @Hollywood and Highland are breaking ground on a massive 6 acre project around the corner at Western and Santa Monica at the old Sears building. This site is also walking distance to Gower Studios and Netflix! $1,000,000 Potential profit to be made on this easy to build - on grade parking project.
Property Taxes
| Parcel Number | 5534-017-016 | Improvements Assessment | $0 |
| Land Assessment | $1,744,364 | Total Assessment | $1,744,364 |
Property Taxes
