Description
WOW! Great starter Craftsman home with tons of charm & potential!! 2 bedroom / 1.5 baths + spacious Attic in the heart of Hollywood. Den can easily be converted to a 3rd bedroom if desired. Excellent location close to all Studios & Theaters, Hollywood Blvd, 101 Freeway, and Hollywood/Western Metro. Lots of dining, shopping, entertainment, and public transportation nearby. Make this your future home with tons of potential! Plenty of space to add an ADU or TWO in the backyard to supplement your mortgage/income!! Tons of flex/storage space with this home: large attic, basement, plus office space. Property is also zoned LAR4, and is situated on a FLAT 6,500 sqft lot, which offers a developer the opportunity to build 10 units by right or up to 19 units using TOC Incentives. Lot dimensions are 50 by 130 sqft, and the site is zoned (Q)R4-2, TOC Tier 3! (Q condition limits density to one unit per 600 sqft of lot area, Floor Area Ratio of 3:1, height restriction of 45 feet). Subject property is currently a single family residence that is owner occupied and will be delivered VACANT, meaning no dealing with rent stabilization (RSO), tenant relocation, or new onerous SB 8 regulations! The site is located within a qualified Opportunity Zone, which may provide additional tax incentives (buyer to verify). Lots of new development in this pocket! Buyer to verify all zoning regulations and building feasibility with LADBS and all relevant city departments. Home to be sold As-Is. Contact listing agent for more details or to schedule a showing!
**Buyer to independently verify the above listing information.