800-804 N El Centro Ave
Los Angeles, CA 90038
Land For Sale · 0.19 AC

Located in the heart of Hollywood, this property is an absolute jewel. A former Theater, the property is a unique building within a highly dense residentially zoned neighborhood. Zoned R3-1XL, the existing structures reside on an 8,199 square foot corner lot. Perspective buyers may choose to bring back the magic and explore the opportunity to use the property as a Theater or an owner occupant, or look to re-purpose or re-develop the property as multi-family project which would conform with the current zoning. The neighborhood has experienced exceptional growth over the past decade. New, high end multi family complexes have been completed in close proximity to the property (such as The LC & Metropolitan at Larchmont Village) and new developments such as Gilli's House and Empire at Larchmont are literally steps away. The property is strategically located within walking distance to Paramount Pictures, Larchmont Village, the Hollywood Media District and Hancock Park. Throughout the city, you’d be hard pressed to find a location surrounded by media / entertainment hubs, village style retail corridors, high income multi-million dollar residential neighborhoods, all within a densely populated residential pocket. The property has been entitled for a high end apartment project which would utilize the existing structure and re-purpose it into a 10-unit multi-family project featuring 10 Artistic studio lofts, gated parking, a shared & covered common area, and an amenity rich project. This project is very close to receiving permits approval (RTI status).