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$2,995,000

Est. payment - /mo

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6,503 Sqft Lot

Active

1116 N Gower ST Los Angeles, CA 90038

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25583931

HOA Y/N No

Lot Size 6,503 Sqft

Property Description

*This listing represents two (2) adjacent lots located at 1116 and 1110 N Gower St for a combined sale price of $2,995,000.* Compass Commercial is pleased to present 1110-1116 N Gower Street; a premier investment opportunity that blends the historic charm of Hollywood with modern development potential. As an ideal site for affordable housing, each parcel is zoned LA-C2 and features redevelopment potential via CHIPS (Citywide Housing Incentive Program Ordinance), and Executive Directive 1 (ED 1) while located within an Opportunity Zone with TOC Tier 3 Designation. The double-lot assemblage spans 13,000 SF of land, and includes a 2,133 SF 2-story commercial building, 2,000 SF rear storage structure, and a 2,040 SF triplex - all of which are vacant. This combination brings together residential and commercial utility in one highly adaptable location.The properties are 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.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAC2

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

New Construction No

Others

Senior Community No

Tax ID 5534016015

Special Listing Condition Standard

Listed by Oliver Ghadoushi Compass

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