Land For Sale • 0.15 AC
1110 N Gower Street is comprised of an approximately 4,133 SF two story commercial building on approximately 6,500 SF of land zoned CM-1VL. The property has two unoccupied structures that total approximately 4,133 SF which will be delivered vacant at the close of escrow: a two-story commercial building approximately 2,133 SF (per County Assessor), and an additional 2,000 SF storage building at the rear which may be unpermitted. Zoning and Development Potential: - Base FAR of 1.5: This allows for a maximum building size of approximately 9,799.5 square feet. - Base Unit Density of R3: This permits a maximum of 8 units on the property. - Affordable Housing Bonus: By providing 30% of units as affordable housing, the developer can increase the total number of units to approximately 17 (13 market rate, 4 affordable). -Hollywood Community Plan Update: Potential for further bonuses, increasing the total allowable units and building size.
Vacant two-story commercial building approximately 2,133 SF (per County Assessor). Additional 2,000 SF storage building at the rear. |
Owner-user opportunity. |
Ample land area to develop a new multi-family apartment building on the entire site. |
Demand for housing in Hollywood is very high, and apartment rents are strong within the sub-market. |
The property is located in an Opportunity Zone providing tax incentives and deferred capital gains. |
Commuter Rail | Drive | Walk | Distance |
---|---|---|---|
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 11 min | - | 5.7 mi |
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) | 11 min | - | 6.5 mi |
Transit/Subway | Drive | Walk | Distance |
Hollywood/Vine Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 2 min | 18 min | 0.9 mi |
Airport | Drive | Walk | Distance |
Bob Hope | 17 min | - | 9.6 mi |
Los Angeles International | 27 min | - | 14.1 mi |
Long Beach (Daugherty Field) | 39 min | - | 29.1 mi |