1514 La Baig Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90028
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,620 sqft
Price per Sqft $1,046
MLS Listing ID 25552323
Style Bungalow
Bedrooms 2
Year Built 1919
Lot Size 5,502 Sqft
Property Sub-Type Multi-Family
Property Description
***$105,000 price reduction - marketing package in docs section*** 1514 La Baig Ave is a duplex (delivered vacant) located on a 5,499 SF lot in the center of the Hollywood Media District; just two parcels north of Sunset Blvd. This is a rare opportunity to acquire a development-ready site in a dynamic growth corridor, surrounded by major film and media employers, new mixed-use development, and transformative infrastructure investment. The property neighbors a new 109-unit apartment complex by CIM, across from Sunset Bronson Studios and Emerson College, and adjacent to the Netflix headquarters campus. A block away, the much-anticipated $1 billion "The Star" tower, designed by Norman Foster, is set to redefine the local skyline and inject over half a million square feet of new Class A creative space. Ready-to-issue (RTI) plans to develop a 9-unit market-rate multifamily complex. Plans call for (1) 2-bdrm. unit, (3) 1-bdrm. units, and (5) singles. Please refer to the plans for more information. This site is eligible (buyer to verify) for Opportunity Zone tax benefits and is aligned with the recently enacted Hollywood Community Plan, which significantly increases allowable density incentivizes affordable housing, and encourages transit-oriented growth throughout the Sunset and Hollywood corridors. The existing improvements include (2) 1-bdrm. bungalow-style units. The property also features covered and surface parking, plus a standalone garage. Please note, the units are separately metered.
Location
State CA
County Los Angeles
Area Hollywood
Zoning LAR4
Rooms
Other Rooms None
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Parking Features Garage - 1 Car, Covered Parking, Uncovered
Garage Spaces 3.0
View Y/N No
View None
Building
Story 1
Architectural Style Bungalow
Level or Stories One
Others
Special Listing Condition Standard