Absolutely classic 1920s Spanish corner-lot duplex with sizable yard. With some work, this property can be restored and given many more years of life. Also a superb development opportunity -- buy and upgrade now, build new later. Large corner lot in the heart of a prime Hollywood neighborhood, SOHO (South Hollywood), in the Media District, between Melrose and Santa Monica Blvd. City states that zoning is LARD1.5, with up to 4 units allowed in a new development. Property is in the 1XL height district (30' maximum). Buyer to verify all information provided here with city. There are new developments, both completed and under way, on the same block with similar building parameters. Current property has much deferred maintenance, and is anticipated to be sold for land value. Inspection reports and repair estimates are provided as supplements via the MLS. Please be prepared to make any offer strictly "as-is." Smaller second unit is tenant-occupied, somewhat more updated than vacant owner's unit. Please do not disturb tenant.
