2135-2237 Washington St
Multifamily | 7 Units | $228,571/unit
Marketing description
Exceptional redevelopment opportunity in the heart of Hollywood
This 0.53-acre parcel is zoned for up to 30 residential units, with architectural plans already available. The property currently includes seven fully leased rental units, providing consistent income while you move forward with entitlements. Positioned just one parcel west of a newly approved 96-unit affordable housing development on Dixie Highway, this site offers strong long-term growth potential. Possibility for land assemblage with adjacent parcels adds to the value of this strategic investment.
Investment highlights
Prime Redevelopment Opportunity: 0.53-acre site in the heart of Hollywood with zoning allowing up to 30 residential units
Income-Producing During Entitlements: Existing 7 fully leased rental units provide steady cash flow while pursuing redevelopment approvals
Plans in Place: Architectural plans available, reducing upfront time and cost to development
Strategic Growth Corridor: Located just one parcel west of a newly approved 96-unit affordable housing development along Dixie Highway
Assemblage Potential: Opportunity to combine with adjacent parcels to further increase scale, density, and overall project value
Strong Long-Term Upside: Ideal for developers or investors seeking value creation through redevelopment in a rapidly evolving area
Central Hollywood Location: Proximity to major roadways, employment centers, retail, and transit enhances future tenant demand
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