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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,750,000

Est. payment - /mo

6,791 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26121368

HOA Y/N No

Year Built 1921

Lot Size 6,791 Sqft

Property Sub-Type Quadruplex

Property Description

Prime Redevelopment Opportunity – High-Density SB 79 Site with Approved ADU in Hollywood

Outstanding opportunity to acquire a 4-unit apartment property positioned for significant redevelopment upside in one of Hollywood's most desirable and transit-oriented residential neighborhoods. The existing improvements include two 2-bedroom / 2-bath units and two 1-bedroom / 1-bath units, all featuring formal living rooms, formal dining rooms, oversized kitchens, and private balconies.

The property is located within a high-density residential zone qualifying for enhanced development incentives under California SB 79, allowing substantial residential density increases beyond base zoning standards. When paired with SB 35 ministerial approval pathways and SB 330 development streamlining and vested rights protections, this site offers a rare opportunity for by-right multifamily expansion with reduced entitlement risk and accelerated timelines.

Approved plans for an additional 2-bedroom ADU are already in place, providing immediate near-term income upside while longer-term redevelopment options are explored. The zoning and statutory framework make this property ideal for unit count expansion, vertical addition, or full redevelopment, subject to buyer verification.

Ideally situated walking distance to Los Feliz Village, acclaimed restaurants, boutique retail, and everyday amenities. The property is also minutes from Kaiser Permanente, Children's Hospital Los Angeles, and Hollywood Presbyterian Medical Center, and conveniently close to major studios and employment centers throughout Hollywood and Los Angeles.

A rare Hollywood redevelopment asset offering existing cash flow, approved ADU plans, and exceptional density bonus and streamlining advantages under SB 79, SB 35, and SB 330.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Interior

Interior Features Balcony

Heating Central

Cooling Central Air

Flooring Bamboo, Wood

Fireplace No

Appliance Gas Range, Water Heater, Dryer

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

View Y/N No

View None

Total Parking Spaces 7

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Rectangular Lot, Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5543026023

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

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Listed by Levon Terzian HiLine Inc. 818-290-7000, DRE #01792635

NEARBY SCHOOL & BUSINESS

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