1408 & 1414 N Las Palmas Ave

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1408 & 1414 N Las Palmas Ave | Hollywood, 90026

Two Lots - 14,288 sq ft - 9 Potential Units | $2.495M


These two lots are in a prime location one block south of Sunset Blvd between Highland and Cahuenga. Two structures currently stand on the lots. With a combined total of 14,288 sq ft of lot and attractively zoned at RD1.5, the buyer of these two lots could build a total of 9 units on three stories should they tear down the existing structures and build their own. 

Listed at 2.495M, this potential development brings much needed inventory to a market demanding multi-family development yet starved of such deals. Furthermore, the ongoing building boom of Hollywood demonstrates the increased desire among professionals to live in this area. Coupled with the general trend towards urban living amongst millennials and walkable nature of this neighborhood, building on these lots is a great deal for any savvy developer. 
  • Two Lots
  • 14,288 sqft
  • Zoned: RD1.5-XL
  • 8 Current D.U
  • County: Los Angeles
  • City: Los Angeles
  • Lot Dimensions 100' x 142'
  • Height: 30'
  • Floor Count: No regulation
  • Common area: NONE REQUIRED
  • Sold Together
  • Price: $2.495M
  • Area: Hollywood South 
  • Transit: Hollywood/Highland Station
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