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Listing Details

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School Ratings & Info

Description

Incredible development opportunity to acquire an existing single family home and add 3 additional units off Sunset Blvd in Prime Hollywood - Delivered RTI. Located in an opportunity zone, the plans include expanding the existing SFR to a 3 BD/2 BA which has it's own private front yard, adding a duplex with spacious 3 BD/2.5 BA and 2 BD/1.5 BA and adding an ADU with 2 BD/2 BA. Projected rents of $16,250 per month with potential for higher market rents. Current home is a "cash cow" rental. Located on a quaint, rarely traveled street in the heart of the action - Billions of dollars being spent to revitalize Hollywood with 10+ hotels with roof top pools, Citizens of the World complex and some of the finest restaurants in the city steps away. Start building now!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-20T00:25:39.083. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
www.inlandempiresold.com/homes/120189527
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1351 Seward Street Los Angeles (City), CA 90028

  • Price: $1,700,000
  • Status: Active
  • Updated: 70 min ago
  • ID#: 21766084
0
Beds
0
Baths
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½ Baths
0.17
Acres
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
Incredible development opportunity to acquire an existing single family home and add 3 additional units off Sunset Blvd in Prime Hollywood - Delivered RTI. Located in an opportunity zone, the plans include expanding the existing SFR to a 3 BD/2 BA which has it's own private front yard, adding a duplex with spacious 3 BD/2.5 BA and 2 BD/1.5 BA and adding an ADU with 2 BD/2 BA. Projected rents of $16,250 per month with potential for higher market rents. Current home is a "cash cow" rental. Located on a quaint, rarely traveled street in the heart of the action - Billions of dollars being spent to revitalize Hollywood with 10+ hotels with roof top pools, Citizens of the World complex and some of the finest restaurants in the city steps away. Start building now!
Exterior Features

Lot Features Flat Topography Level View None View YN No

Property Features

Listing Agreement Exclusive Right To Sell Listing Service Full Service Possession Close Of Escrow Senior Community YN No Sewer Other Special Listing Conditions Standard Zoning Lard1.5

Listing provided courtesy of Grant Linscott of Keller Williams Realty Los Feliz


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-20T00:25:39.083. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
 
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Hemet CA, 92545