1750 Argyle Ave, Los Angeles, CA 90028

Description

1750 N. Argyle Ave. offers a rare opportunity to develop at scale in one of the most recognizable and transit-connected pockets of Hollywood. Located within Hollywood's vibrant Sign District and directly across from the landmark Capitol Records Building, the property sits at the center of an entertainment corridor that continues to experience major residential and mixed-use investment activity. The approximately 34,320 SF site is designated Regional Center Commercial under the General Plan and carries highly desirable zoning and incentive overlays including C2-2D-SN-CPIO, Tier 4 TOC, and Tier 3 TOIA. With proximity to Metro heavy rail within roughly one-quarter mile, the property may also benefit from additional future density opportunities associated with SB79. Developers seeking to deliver mixed-use, mixed-income, or fully affordable housing projects will find the site particularly compelling. Unlike many Hollywood redevelopment opportunities, the property is free of RSO complications and avoids the challenges commonly associated with tenant relocation or Ellis Act procedures. The parcel also benefits from a Moderate TCAC designation while remaining outside both QCT and DDA boundaries, and it is located within a federally designated Opportunity Zone. There is also potential for a five-story development totaling 148 units above one level of subterranean parking occupying approximately half the lot footprint. The preliminary mix includes 100 studio units, 29 one-bedroom units, and 19 two-bedroom units. The site formerly housed the historic Little Church of Hollywood, which was destroyed by fire in 2007. From a lifestyle and accessibility standpoint, the location is exceptionally difficult to replicate. Hollywood & Vine, the Metro station, Pantages Theatre, Hollywood Bowl, Sunset Gower Studios, the Palladium, Trader Joe's, and an extensive collection of restaurants, cafes, bars, and nightlife destinations are all within minutes of the property. For developers seeking to create a signature Hollywood project with scale, visibility, transit orientation, and long-term upside, 1750 N. Argyle Ave. presents a uniquely positioned canvas in one of the city's most globally recognized neighborhoods.