Property listed by Compass, Oliver Ghadoushi 310-230-5478
$1,595,000
Compass is pleased to present 1110 N Gower Street, a prime repositioning and development opportunity located in the heart of Hollywood. The existing 2,133-square-foot commercial building is situated on a 6,500-square-foot lot. The adjacent property (triplex) at 1116 N Gower Street is also available for sale, creating a rare offering… Read More of 13,000 total SF of contiguous land for development.The property's location benefits from the latest Hollywood Community Plan Update, with C2 zoning, allowing for a variety of development routes including residential, mixed-use, and commercial. Delivered vacant at close of escrow, the property enables an owner-user/investor to remodel, lease-up the existing building alongside the parking lot. This is a rare opportunity to acquire a Hollywood commercial building, and optionally a sizable development site in one of Los Angeles' most iconic and evolving neighborhoods.The property is ideally located just north of the intersection of Santa Monica Blvd and Gower Street, near iconic landmarks including Sunset Gower Studios, Paramount Studios, The Hollywood Walk of Fame, and the iconic Hollywood Bowl. The location benefits from high visibility, with both increased pedestrian and vehicle traffic and excellent accessibility. The immediate access to the 101 Freeway, multiple Metro lines, and major east-west corridors, embeds this site in a transit-rich area supported by both residential and commercial activity. *Buyer to verify any and all accuracy of information. Read Less
Listing Snapshot
Days Online
30
Last Updated
Property Type
Other
Lot Size
0.15 Acres
MLS Number
25583905
30 Days Snapshot Of 90038
$1.20M
+54%
(avg) sold price
1
-66%
home sold
43
-88%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
0.1493 acres, 6,504 square feet, Size: 6,504
Property
Zoning: LAC2, None
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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