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1415 N Hobart Boulevard

Los Angeles (City), CA 90027
  • $5,500,000
  • STATUS: Active
  • ON SITE: 138 Days
  • ID#: SR21151378
UPDATED: 192 min ago
$5,500,000
  • 0
    BEDS
  • 0.59
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing provided courtesy of Francis Evanisko of Evanisko Realty & Investment

Description

Evanisko Realty & Investment, Inc. is pleased to present "The Hollywood Hobart development site for your consideration.R3 / Opp. Zone / TOC Tier 3 / NO SNAPThe 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-28T00:25:16.09. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Global Living. Licensed in the State of California, USA.
www.calamericanrealty.com/homes/119225251
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1415 N Hobart Boulevard Los Angeles (City), CA 90027

  • Price: $5,500,000
  • Status: Active
  • On Site: 138 Days
  • Updated: 192 min ago
  • ID#: SR21151378
0
Beds
0
Baths
0
½ Baths
0.59
Acres
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
Evanisko Realty & Investment, Inc. is pleased to present "The Hollywood Hobart development site for your consideration.R3 / Opp. Zone / TOC Tier 3 / NO SNAPThe 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.
Exterior Features

Lot Features 16-20 Units/Acre21-25 Units/Acre26-30 Units/Acre36-40 Units/Acre31-35 Units/AcreLevelRectangular LotStreet LevelTear DownValue In Land View Mountain(S)NeighborhoodPanoramic View YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Gutter(S)Street LightsUrban Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 ExchangeSubmit New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning R3-1Xl



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-28T00:25:16.09. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Global Living. Licensed in the State of California, USA.
 
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Corcoran Global Living
2065 N. Indian Hill Blvd
Claremont CA, 91711
Listing provided courtesy of Francis Evanisko of Evanisko Realty & Investment