7045 W Sunset Blvd, Los Angeles, CA 90028

Description

We are pleased to present for sale a rare opportunity to acquire an approximately 12,000 SF vacant development site directly on Sunset Blvd in the heart of Hollywood. Offered at $3,995,000, representing an attractive land basis of approximately $333/SF. Zoned C2-2D-SN, located within TOC Tier 3 and an Opportunity Zone, the site offers significant development potential and flexibility. Build approximately 30 units by right or potentially up to 63 units with TOC incentives + ADUs (buyer to verify). The property may also offer potential for a 100% affordable housing development (buyer to verify). Vacant land with no tenant relocation, demolition costs, or SB 8 replacement issues. Lot dimensions are approximately 60' x 200'. Seller financing options available. Prime Sunset Blvd location in the heart of Hollywood, within walking distance of Hollywood/Highland Metro, shopping, dining and entertainment. An excellent opportunity to acquire a sizable, clean-slate development site along one of Hollywood's most recognizable corridors with multiple potential development strategies.