REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,495,000
Est. payment | /mo
3 Baths
6,503 Sqft Lot
$ 1,495,000
Est. payment | /mo
3 Baths
6,503 Sqft Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25583865
HOA Y/N No
Lot Size 6,503 Sqft
Property Description
Compass is pleased to present 1116 N Gower Street, a prime repositioning and development opportunity located in the heart of Hollywood. The existing 2,040-square-foot triplex includes two 2-bedroom units, and one 1-bedroom unit situated on a 6,500-square-foot lot. The adjacent property at 1110 N Gower Street is also available for sale, creating a rare offering of 13,000 total SF of contiguous land for redevelopment for various types of housing, including affordable housing. Delivered vacant at close of escrow, the property enables an owner-user/investor to remodel and lease-up the existing 3-unit building as well as construct two (2) ADU's in the rear (buyer to verify). The property's location benefits from the latest Hollywood Community Plan Update, with C2 zoning, allowing for a variety of development opportunities including residential, mixed-use, and commercial. This is a rare opportunity to acquire a vacant triplex, and optionally a sizable development site in one of Los Angeles' most iconic and evolving neighborhoods.The property is ideally located just north of the intersection of Santa Monica Blvd and Gower Street, near iconic landmarks including Sunset Gower Studios, Paramount Studios, The Hollywood Walk of Fame, and the iconic Hollywood Bowl. The location benefits from high visibility, with both increased pedestrian and vehicle traffic and excellent accessibility. The immediate access to the 101 Freeway, multiple Metro lines, and major east-west corridors, embeds this site in a transit-rich area supported by both residential and commercial activity.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAC2
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Uncovered
View Y/N No
View None
Total Parking Spaces 8
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5534016015
Special Listing Condition Standard
Listed by Oliver Ghadoushi Compass