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$ 1,725,000
Est. payment | /mo
8,266 Sqft Lot
$ 1,725,000
Est. payment | /mo
8,266 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD25169413
Lot Size 8,266 Sqft
Property Sub-Type Lots/Land
Property Description
Owner Motivated to make a deal - dont hesitate to submit reasonable offers! *Price Improvement* Archetype Commercial Realty is pleased to present a rare development opportunity at 4632 Lexington Ave., a vacant LARD1.5-zoned lot in the highly desirable East Hollywood neighborhood. Situated adjacent to the Hollywood Hotel and just minutes from Silver Lake and Santa Monica Blvd., this 8,266 SF paved lot presents multiple possibilities for investors and/or developers. The Vacant Land previously housed an 8-unit, two-story building that was demolished in 2000. The land is currently paved and the adjacent hotel has been utilizing the land with the consent of the current owner to house their trash bins and park vehicles when needed. Buyers are advised to conduct their own due diligence regarding ease of accessibility to utilities, development potential, and current site conditions. With its central location and zoning, this site offers a great opportunity to yield an exceptional return whether it be a multi-family development or potentially exploring leasing options such as additional parking (subject to City approval) for nearby properties. Positioned in a Transit Priority Area and just off Vermont and nearby Santa Monica Blvd, the location offers excellent access to public transportation and is walkable to some of L.A.s most vibrant shops, cafes, and restaurants. There is endless potential in one of L.A.s most active submarkets. Broker and Broker's Agents do not guarantee accuracy of SF, zoning and/or permitted use(s), or other information regarding the features or condition of
Location
State CA
County Los Angeles
Direction Off of N. Vermont Ave.
Interior
Fireplace No
Exterior
Utilities Available Other/Remarks
View Y/N No
Others
Senior Community No
Tax ID 5542028009
Listed by Tania Adary Archetype Real Estate Group In