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Listed by Tania Adary • Archetype Real Estate Group In
$ 1,725,000
Est. payment | /mo
8,266 SqFt
$ 1,725,000
Est. payment | /mo
8,266 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 8,266 sqft
Price per Sqft $208
MLS Listing ID CRGD25169413
HOA Y/N No
Lot Size 8,266 Sqft
Property Sub-Type Unimproved Land
Source Datashare California Regional
Property Description
Owner Motivated to make a deal - don't 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 transpor
Location
State CA
County Los Angeles
Interior
Fireplace No
Exterior
View None
Building
Lot Description Paved
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745