Vacant 5 Unit Apartment Located in Central Hollywood Opportunity Zone with Unapproved Plans for 8 Units or Perfect for Renovation or more Units
Major Cross Streets Vine and Santa Monica Blvd
10 Minutes to Ktown and 20 to DTLA
Great Walk Score Area of 95

3782 Structure on a 6497 SF Lot - Built 1931 - Zoned R3 with TOC 2
Current property consists of a 2 story 5 unit apartment with (4) 1 bed/1bath apartments and a 3 bedroom and 2 bathroom house in the rear. Seller has started plans to submit to the city for the development of a 2 story 8 unit apartment but with the current zoning and the TOC Zoning, buyer can build up to 12 units.
Excellent Development Area within
Opportunity Zone with Potential!

Buyer can assume 1st loan of $850,000
With current interest rate of 3.75%
Loan matures December 2028
Asking price was $1,649,000
Reduced $100K