$2,795,000
944 Hammond ST West Hollywood, CA 90069
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$2,795,000
Est. payment /mo
5,244 Sqft Lot
Active
944 Hammond ST West Hollywood, CA 90069
UPDATED:
10/31/2024 01:14 AM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24394493
HOA Y/N No
Lot Size 5,244 Sqft
Property Description
Introducing a very rare opportunity in the heart of West Hollywood's coveted Norma Triangle, 944 Hammond Street presents a rare 5,246 square foot High-Density R4B lot, widely acknowledged as one of the premier locations in the area. This vacant and unoccupied property boasts immense potential, offering investors the chance to capitalize on one of the most sought-after locations in the market. With the possibility of commanding views of Downtown LA, the Hollywood Hills, and Century City, the property offers a unique vantage point for future development. Strategically positioned just blocks away from Beverly Hills and North Doheny Drive, the property enjoys outstanding walkability, boasting an impressive walk score of 91 out of 100. Additionally, its close proximity to transit and public transportation enhances its accessibility, while its prime location places residents within steps of some of West Hollywood's finest dining establishments, commercial hubs, and hospitality venues, such as The Edition West Hollywood, The London Hotel, and a series of new hotels underway on Sunset Boulevard. One of the most compelling features of this property is its advantageous zoning, which permits up to 12 residential units and possibly up to 6 floors under the Density Bonus Law (Buyer to verify). Moreover, it benefits from the approved Assembly Bill 1287 State Density Bonus Law, providing further flexibility for development possibilities (Buyer to verify). Notably, there is potential to alleviate parking requirements through the approved Assembly Bill 2097, streamlining the development process (Buyer to verify). Not subject to Rent Control if developed into rental housing, and with no replacement units required, this property presents a lucrative investment opportunity for developers and investors alike (Buyer to verify). Renderings provided are for inspirational purposes only and do not represent approved plans. Do not miss the opportunity to secure this prime high-density development site in one of West Hollywood's most desirable neighborhoods.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR4*
Interior
Fireplace No
Exterior
View Y/N Yes
View City Lights, Hills
Building
Sewer Other
New Construction No
Others
Senior Community No
Tax ID 4340005007
Special Listing Condition Standard
Listed by Michael Maguire • Compass
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