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1408 N LAS PALMAS Avenue

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1408 N LAS PALMAS Avenue | Los Angeles, CA

$2,595,000

New price - act now! Two adjacent properties at 1408 + 1414 N Las Palmas Ave combine for a spectacular large flat 14,289 sq ft lot zoned LARD1.5 in one of the best areas of Hollywood. With incredible development potential for small lot homes, adding units or re-positioning the current properties, the existing charming duplex (1414) includes a spacious 2BD + 1BA (delivered vacant) and 1BD + Den ($1,544) with wood floors and high ceilings and 6 unit building (1408) includes all 1BD units bringing in $4,154 per mo with one unit delivered vacant. Potential for 8-9 small lot homes (buyer to verify). Collect rents until permits are ready. Properties must close concurrently. Billions of dollars are being spent up the street on Sunset and Hollywood Blvd including the new Netflix, Viacom and Columbia Square buildings. Steps to the Walk of Fame, Red Line, The Arclight and 1.4 MILLION sq ft of proposed space for the Crossroads of the World Project.
Listing Provided by Grant Linscott, Keller Williams Realty Los Fel

Based on information from California Regional Multiple Listing Service, Inc. as of August 23, 2018. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.