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Listed by Parastou Asadian • Equity Union
$ 1,400,000
Est. payment /mo
Pending
1834 N Van Ness Avenue Los Angeles, CA 90028
4 Beds
4 Baths
3,712 SqFt
UPDATED:
12/27/2024 05:01 AM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Pending
Purchase Type For Sale
Square Footage 3,712 sqft
Price per Sqft $377
MLS Listing ID CRSR24249643
Bedrooms 4
Full Baths 4
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1919
Lot Size 6,772 Sqft
Property Description
First time on the market in over 50 years! Investors and developers, don’t miss this prime opportunity in the heart of Hollywood! This 4-unit apartment building features spacious 1-bedroom, 1-bathroom units, each approximately 930 sq ft (one is currently tenant occupied), and sits on a lot of approximately 6,800 sq ft zoned LARD1.5. The property offers substantial redevelopment potential, including eligibility for Los Angeles' Transit Oriented Communities (TOC) tier 3 incentives, which could allow up to 70% more units with affordable housing set-asides, reduced parking requirements (as low as 0.5 spaces per unit), and additional height or FAR bonuses. Perfectly situated, this property is moments from the iconic Hollywood Walk of Fame, Griffith Park and Observatory for hiking and scenic views, and Runyon Canyon for outdoor enthusiasts. It is surrounded by world-class shopping, dining, and entertainment options, including Hollywood & Highland, Sunset Strip, and the Melrose Avenue retail corridor. Enjoy easy access to nearby neighborhoods like West Hollywood, Los Feliz, and Silver Lake, all popular hubs for arts, culture, and nightlife. Proximity to major freeways like the 101 ensures seamless connectivity to Downtown LA, Burbank, and Studio City. Whether repositioning the asset o
Location
State CA
County Los Angeles
Interior
Cooling Ceiling Fan(s), None
Flooring Tile, Wood
Fireplaces Type Decorative, Living Room
Fireplace Yes
Appliance Gas Range
Laundry None
Exterior
Garage Spaces 4.0
Pool None
View None
Private Pool false
Building
Lot Description Street Light(s), Landscape Misc
Story 2
Water Public
Schools
School District Los Angeles Unified
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