757 Cole Avenue

Los Angeles, CA 90038

$2,500,000

Listed Price
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straighten $360 / sqft

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Property Description

Attention Developers and Investors, here is an exceptional opportunity for a premier multi-family development in Hollywood. This vacant corner lot, totaling 6,459 SQFT and zoned R3, is located in a prime neighborhood north of Melrose Ave and one block east of Hudson Ave, near Hancock Park & Larchmont Village. A shovel-ready project can be easily developed into a 7,822 sqft three-story seven-units apartment complex with one level of subterranean parking. The plans include seven two-bedroom apartments, each ranging from 1,039-1,350 SF. All permit fees have been paid, and construction can commence immediately. The advantage of this site is its corner location (easy to build) and its proximity to newly developed apartment complexes (curb appeal). Additionally, it is conveniently centrally located with an easy commute throughout Los Angeles to Hollywood, West Hollywood, Beverly Hills, Los Feliz, and La Brea. As well, it near Paramount Studios, Los Angeles Tennis Club, Netflix, Larchmont Village, restaurants, shops & walking distance to the Theatre Row.

Interior Features

Bedroom Information
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Interior Information

Listing Information

Address 757 Cole Avenue
City Los Angeles
State CA
Zip 90038
County Los Angeles
Listing Agent Yana Beranek DRE#01957970
Courtesy Of Berkshire Hathaway HomeServices California Properties
MLS 23339951
List Price $2,500,000
Status Active
Type Land
Structure Size N/A
Lot Size 6,938
DOM 75

Exterior Information

Maps

Listing information courtesy of: Yana Beranek, Berkshire Hathaway HomeServices California Properties . *Based on information from the Association of REALTORS/Multiple Listing as of Feb 26th, 2024 at 9:36 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.