Description
*Price Improvement – Prime Vacant Land in East Hollywood*
Archetype Commercial Realty is pleased to present a rare development opportunity at 4632 Lexington Ave., a vacant LARD1.5-zoned lot in the highly desirable East Hollywood neighborhood. Situated adjacent to the Hollywood Hotel and just minutes from Silver Lake and Santa Monica Blvd., this ±8,266 SF paved lot presents multiple possibilities for investors and/or developers. The Vacant Land previously housed an 8-unit, two-story building that was demolished in 2000. The land is currently paved, and the sewer line was capped at the time of demo. Buyers are advised to conduct their own due diligence regarding ease of accessibility to utilities, development potential, and current site conditions.
With its central location and zoning, this site offers a great opportunity to yield an exceptional return whether it be a multi-family development or potentially exploring leasing options such as additional parking (subject to City approval) for nearby properties. Positioned in a Transit Priority Area and just off Vermont and nearby Santa Monica Blvd, the location offers excellent access to public transportation and is walkable to some of L.A.’s most vibrant shops, cafes, and restaurants. There is endless potential in one of L.A.’s most active submarkets.
Photos of site coming soon! Broker and Broker’s Agents do not guarantee accuracy of SF, zoning and/or permitted use(s), or other information regarding the features or condition of the property. Buyer is advised to independently verify the information with the city and appropriate licensed professionals to satisfy themselves.
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Neighborhood & Market Insights
This property is 376.5% above the current neighborhood median.
The schools block is active and ready for district, ratings, and assigned-school provider data.
0.0% modeled change across available points
- Principal and Interest
- Property Tax
- HOA fee
