$5,500,000
0.59 Acre Lot
25,872 Sqft Lot
Status Active
Property Type Land
Price Type
Days on Website 72

Property Map

$5,500,000 – 1415 N Hobart Boulevard, Los Angeles, CA 90027

Street View

Courtesy of Evanisko Realty & Investment, Francis Evanisko.

Description

Evanisko Realty & Investment, Inc. is pleased to present “The Hollywood Hobart” development site for your consideration. R3 / Opp. Zone / TOC Tier 3 / NO SNAP The proposed project concept depicted here and outlined in our marketing materials involves leveraging an SB330-triggering 22’ TOC height increase. The resultant is a 60 -unit project whereby 68% of the existing 18 units will be replaced (13 units) as rate-controlled/BMR units in a new 60-unit project. The units would average approximately 1,000 SF each in four stories over parking. The 47 market-set units would be subject to RSO. Property is in the Opportunity Zone. Property is not in the Specific Plan [SNAP]. The real estate is being offered for sale at a price representing one of the most economically priced land assemblages of reasonable size currently available in the Hollywood market.

Property Details and Features

Community

  • Gutter(s)
  • Street Lights
  • Urban

Listing

  • Listed on 2021-07-12

Location

  • County: Los Angeles

Lot

  • 25872 sqft
  • 0.59 acres
  • Area: 25872
  • 16-20 Units/Acre
  • 21-25 Units/Acre
  • 26-30 Units/Acre
  • 36-40 Units/Acre
  • 31-35 Units/Acre
  • Level
  • Rectangular Lot
  • Street Level
  • Tear Down
  • Value In Land

Property

  • Mountain(s)
  • Neighborhood
  • Panoramic

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