$5,500,000

1415 N Hobart Boulevard, Los Angeles, CA 90027

25,872

Lot Size

Evanisko Realty & Investment, Inc. is pleased to present “The Hollywood Hobart” development site for your consideration. R3 / Opp. Zone / TOC Tier 3 / NO SNAP The proposed project concept depicted here and outlined in our marketing materials involves leveraging an SB330-triggering 22’ TOC height increase. The resultant is a 60 -unit project whereby 68% of the existing 18 units will be replaced (13 units) as rate-controlled/BMR units in a new 60-unit project. The units would average approximately 1,000 SF each in four stories over parking. The 47 market-set units would be subject to RSO. Property is in the Opportunity Zone. Property is not in the Specific Plan [SNAP]. The real estate is being offered for sale at a price representing one of the most economically priced land assemblages of reasonable size currently available in the Hollywood market.

Facts & Features

MLS® # SR21151378
Price $5,500,000
Bathrooms 0.00
Lot Size 25,872
Type Land
Status Active

Community Information

Address 1415 N Hobart Boulevard
Area C20 - Hollywood
City Los Angeles
County Los Angeles
State CA
Zip Code 90027

Amenities

View Mountain(s), Neighborhood, Panoramic
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No

Exterior

Lot Description 16-20 Units/Acre, 21-25 Units/Acre, 26-30 Units/Acre, 36-40 Units/Acre, 31-35 Units/Acre, Level, Rectangular Lot, Street Level, Tear Down, Value In Land

Additional Information

Date Listed July 12th, 2021
Days on Market 19
Zoning R3-1XL
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentFrancis Evanisko
OfficeEvanisko Realty & Investment

Listing Map

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