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6305 Yucca St
Los Angeles, CA 90028
±2.2 Acre Site in Hollywood · Land For Sale
·
2.20 AC
Investment Highlights
- ±2.2 Acres of Land, Potential to Develop ±486 Units with ±572,000 FAR SF
- Current Student Housing Units Not Subject to LA City Rent Control
- High Visibility from 101 Freeway
- Opportunity Zone and Unlimited Height By Right
- Owner Occupied Property - can do Short Term or Long Term Leaseback
- Prime Hollywood Location
Property Facts
| Property Type | Land | Total Lot Size | 2.20 AC |
| Property Subtype | Commercial | No. Stories | 2 |
| Proposed Use | Apartment Units | ||
| Zoning | R4-2, CD-2D-SN | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 2.20 AC |
| No. Stories | 2 |
| Zoning | R4-2, CD-2D-SN |
Description
The ±2.2 acre site is comprised of eight distinct parcels that include ±75,000 square feet of developable land along with a ±35,500 square foot eight-story building (which is likely to be considered historic) that is situated on another ±21,000 square feet of land. Though the various parcels are split between two zones, C4 (commercial) and R4 (multi-family residential), air rights could be transferred between any of the parcels through a “floor area and density averaging” incentive. The Seller will consider three different purchase scenarios.
Property Taxes
| Parcel Numbers | Improvements Assessment | $7,653,378 | |
| Land Assessment | $9,455,687 | Total Assessment | $17,109,065 |
Property Taxes
Parcel Numbers
Land Assessment
$9,455,687
Improvements Assessment
$7,653,378
Total Assessment
$17,109,065
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