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Jeffrey Bullock

[email protected]

$ 4,500,000

Est. payment -/mo

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1750 Argyle AVE Los Angeles, CA 90028

0.79 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25620941

HOA Y/N No

Lot Size 0.788 Acres

Lot Dimensions Assessor

Property Description

Presented for sale is one of those rare Prime Development Sites in the epicenter of Hollywood though not so rare that it can potentially be bundled with the lot to the north (owned and listed by separate parties). Located across from the Capitol Records Building and steps to the Walk of Fame, 1750 N. Argyle Ave. is about a five minute stroll to Hollywood & Vine, the Metro Subway Station, an absurd number of restaurants and nightlife destinations, the Pantages Theatre, the Hollywood Bowl, Sunset Gower Studios, the Palladium, Trader Joe's -- we could go on and on, the location is practically unmatched! The 34,320 SF Lot is zoned C2-2D-SN-CPIO, with Tier 4 TOC and Tier 3 TOIA. The property falls under the Regional Center Commercial designation in the General Plan, making it perfect for Mixed Use, Mixed Income, or focus on 100% Affordable Housing. Being within 1/4 mile of Metro heavy rail, the property has further potential with SB79. There is no RSO to worry about, the land benefits from a Moderate TCAC level (not QCT or DDA) and sits within an Opportunity Zone. No relocation hassles, no Ellis! The Seller has very basic conceptual plans for 148 units on a five story design with one level of subterranean parking (that would occupy half the lot) consisting of 100 studios, 29 one beds and 19 two beds. The property previously housed the Little Church of Hollywood, that burned down in 2007 the Office of Historical Resources has stated that they are willing to approve at least a 50% ground coverage project to replace the once-historical property, with the remainder being dedicated to a (private) park as a treasured amenity for your future tenants - a quiet oasis in the middle of it all. The Seller will consider offers with periods of up to one year in length for entitlements, so long as the contingency period is short and other terms are agreeable. The Seller has a Fault Line Clearance in hand! Utilize the Sign District designation to join the Times Square of the West Coast! It is time to bring a new life to this part of Hollywood!

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning C2-2D-SN-CPIO

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

New Construction No

Others

Senior Community No

Tax ID 5546031005

Special Listing Condition Standard

Listed by Dario Svidler Keller Williams Beverly Hills

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

10

Valley View Elementary

Public | KG - 5
9

Citizens of the World Charter

Public | KG - 8
8

Rio Vista Elementary School

Public | KG - 5
8

Hancock Park Elementary

Public | KG - 5
8

Melrose Avenue Elementary School

Public | KG - 6
8

3rd Street Elementary School

Public | KG - 5
8

Larchmont Charter

Public | KG - 12
8

Los Feliz STEMM Magnet School

Public | KG - 6
8

Franklin Avenue Elementary

Public | KG - 5
7

Gardner Street Elementary

Public | PK - 5
7

Cheremoya Avenue School

Public | PK - 6
7

Hollywood Primary Center

Public | KG - 3
7

Dr. Sammy Lee Medical and Health Science Magnet

Public | KG - 5
6

Wilshire Park Elementary

Public | KG - 5
6

Van Ness Avenue Elementary

Public | KG - 5
6

Kim Elementary School

Public | KG - 5
6

Cahuenga Elementary School

Public | KG - 5
5

Laurel School

Public | KG - 8
5

Wilton Place Elementary

Public | KG - 5
5

Santa Monica Boulevard Community Charter

Public | KG - 6

Middle Schools 18

8

Rise Kohyang Middle School

Public | 6 - 8
6

John Burroughs Middle School

Public | 6 - 8
6

Virgil Middle School

Public | 6 - 8
6

Thomas Starr King Middle School

Public | 6 - 8
4

Magnolia Science Academy 5

Public | 6 - 12
4

Bancroft Middle School

Public | 6 - 8
4

Joseph Le Conte Middle School

Public | 6 - 8
4

RFK Community Schools - Ambassador School of Global Leadership

Public | 6 - 12
4

Los Angeles Academy of Arts & Enterprise Charter

Public | 6 - 12
1

Apex Academy

Public | 7 - 12
1

Young Oak Kim Academy

Public | 6 - 8
0

West Hollywood Opportunity

Public | 7 - 12
0

Aviva High School

Private | 7 - 12
0

The Episcopal School of los Angeles

Private | 6 - 9
0

Marlborough School

Private | 7 - 12
0

Richard A. Alonzo Community Day

Public | 7 - 12
0

Immaculate Heart High School & Middle School

Private | 6 - 12
0

Harold Mcalister High (Opportunity)

Public | 6 - 12

High Schools 19

7

Fairfax High School

Public | 9 - 12
7

STEM Academy of Hollywood

Public | 9 - 12
7

Central City Value

Public | 9 - 12
7

Camino Nuevo High No. 2

Public | 9 - 12
5

Hollywood High School

Public | 9 - 12
4

RFK Community Schools - Los Angeles High School of the Arts

Public | 9 - 12
1

Helen Bernstein High School

Public | 9 - 12
1

RFK Community Schools - School for the Visual Arts & Humanities

Public | 9 - 12
0

Shalhevet High School

Private | 9 - 12
0

Shalhevet School

Private | 9 - 12
0

Whitman Continuation

Public | 9 - 12
0

Shaarei Torah California Rabbinical College

Private | 9 - 12
0

Bais Yaakov School for Girls

Private | 9 - 12
0

Yeshiva Ohr Elchonon Chabad - West Coast

Private | 9 - 12
0

Bnos Devorah High School

Private | 9 - 11
0

Canyon Oaks School

Private | 10 - 12
0

Soledad Enrichment Action Charter High School

Public | 9 - 12
0

East Beverly High School

Private | 9 - 12
0

New Village Girls Academy

Public | 9 - 12

School and business data provided by Attom Data.

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