8
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$2,995,000
Est. payment /mo
Active
1116 N Gower ST Los Angeles, CA 90038
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25583931
HOA Y/N No
Property Description
*This listing represents two (2) adjacent lots located at 1116 and 1110 N Gower St for a combined sale price of $2,995,000.* Compass Commercial is pleased to present 1110-1116 N Gower Street; a premier investment opportunity that blends the historic charm of Hollywood with modern development potential. As an ideal site for affordable housing, each parcel is zoned LA-C2 and features redevelopment potential via CHIPS (Citywide Housing Incentive Program Ordinance), and Executive Directive 1 (ED 1) while located within an Opportunity Zone with TOC Tier 3 Designation. The double-lot assemblage spans 13,000 SF of land, and includes a 2,133 SF 2-story commercial building, 2,000 SF rear storage structure, and a 2,040 SF triplex - all of which are vacant. This combination brings together residential and commercial utility in one highly adaptable location.The properties are ideally located just north of the intersection of Santa Monica Blvd and Gower Street, near iconic landmarks including Sunset Gower Studios, Paramount Studios, The Hollywood Walk of Fame, and the iconic Hollywood Bowl. The location benefits from high visibility, with both increased pedestrian and vehicle traffic and excellent accessibility. The immediate access to the 101 Freeway, multiple Metro lines, and major east-west corridors, embeds this site in a transit-rich area supported by both residential and commercial activity.__________________________________*Buyer to verify any and all accuracy of information.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAC2
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
New Construction No
Others
Senior Community No
Tax ID 5534016015
Special Listing Condition Standard
Lease Land No
Listed by Oliver Ghadoushi Compass
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