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1110 N Gower St
Los Angeles, CA 90038

$1,895,000 USD

Land For Sale  •  0.15 AC

Property Details

  • Property Type Land
  • Lot Size 0.15 AC
  • Zoning CM
62 Transit Score
91 Walk Score

Description

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.

Highlights

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.

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
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/SubwayDriveWalkDistance
Hollywood/Vine Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 18 min 0.9 mi
AirportDriveWalkDistance
Bob Hope 17 min - 9.6 mi
Los Angeles International 27 min - 14.1 mi
Long Beach (Daugherty Field) 39 min - 29.1 mi
David Ghermezian 310-801-8700 Newmark
David Ghermezian 310-801-8700 Newmark