Listed by Evanisko Realty & Investment, Inc
$1,395,000
2620 N. Beachwood Dr.
Details
APN 5580-002-003, 5580-002-012
Property Type Land
Sub Type Lots/Land
Square Footage 1,432
Beds 2
Tenancy Vacant
Year Built 1924
Lot Size (SqFt) 7,518
Zoning RD2-1XL
Investment Type Redevelopment
Land | 7,518 SqFt
Marketing description
High up on Beachwood Drive in the shadow of the Hollywood Sign sits one of the most iconically located multifamily zoned lots in the City of Los Angeles. The offering presents a rare opportunity to pursue multiple viable development strategies, allowing buyers to balance construction cost, unit size, and yield base on their specific investment approach. One potential redevelopment typology would be SFR & ADU + Duplex - outlined with greater detail herein under two retaining wall options. The sale includes APN 012 which is a dramatically sloped R1 lot directly adjacent/behind the subject. The property is currently permitted for a remodel of the existing 1,432 SF SFR to a 3,337 SF SFR and 477 SF JADU with pool. Those plans, associated work product (including ALTA, TOPO, geotechnical reports), and permit payment invoices are available within the property due diligence folder.
Investment highlights
- 7,517.9 SF RD2-1XL lot on Beachwood Dr. (50' X 150')
- 8,736.1 SF R1-1-HCR lot directly behind (50' X 175')
- RD2-1XL with a max corresponding zone of RD1.5 (per Hollywood Community Plan Low Medium II)
- 1,432 SF 2+2 built in 1924 with 290 SF garage
- Owner occupied 10+ years. Delivered vacant
- Currently permitted for remodel of existing 1,432 SF SFR to 3,337 SF SFR and 477 SF JADU with pool
- ALTA Survey, geotechnical report, architectural plans for owner's existing permitted project available
- CD4 - Nithya Raman/No Specific Plan
Listing Contacts
Listed by Evanisko Realty & Investment, Inc
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