$2,795,000
944 Hammond St West Hollywood, CA 90069
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$2,795,000
Est. payment /mo
5,246 Sqft Lot
UPDATED:
10/31/2024 01:01 AM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24-394493
Lot Size 5,246 Sqft
Acres 0.1204
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 West Hollywood Vicinity
Zoning WDR4*
Exterior
View Y/N Yes
View City, City Lights, Hills
Building
Lot Description Single Lot
Sewer In Street
Water In Street
Others
Special Listing Condition Standard
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Listed by Compass
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