$1,150,000
$1,100,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
1237 N Orange Dr Los Angeles, CA 90038
4 Beds
2 Baths
2,148 SqFt
Key Details
Sold Price $1,150,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,148 sqft
Price per Sqft $535
MLS Listing ID 23-336087
Sold Date 12/27/23
Style Tear-Down
Bedrooms 4
Construction Status Repairs Major, Tear Down, Value Mainly In Land
Year Built 1957
Lot Size 7,212 Sqft
Acres 0.1656
Property Sub-Type Multi-Family
Property Description
Sold before processing. Entered on the MLS for Comp Purposes only. Attention Developers! Opportunity in the heart of Hollywood with plenty of potential. The 7,210 square foot lot is zoned RD1.5-1XL which gives developers an opportunity to either take advantage of the Transit Oriented Community (TOC) Tier 2 incentives or Executive Directive 1 (ED1) incentives. Taking advantage of TOC Tier 2 would allow a developer to build up to 5 units plus 1 ADU. ED1 would allow a developer to build between 20-30 affordable housing units with an expedited approval process. The property is completely paid off, vacant (no tenant relocation required), and no easements or encroachment per the Preliminary Title Report. Nestled just south of Fountain Ave in between Sunset Blvd. and Santa Monica Blvd., allows for convenient access to major freeway and public transportation options. This site is in a prime location for commuting, shopping, entertainment, and dining, which should assure a consistent demand for real estate for years to come. Don't miss your chance to purchase a prime development opportunity with so much potential! Land is vacant and ready to build.
Location
State CA
County Los Angeles
Area Hollywood
Zoning LARD1.5
Rooms
Other Rooms None
Interior
Interior Features None
Heating None
Cooling None
Flooring Other
Fireplaces Type None
Equipment None
Laundry None
Exterior
Parking Features None
Pool None
Amenities Available None
Waterfront Description None
View Y/N Yes
View City
Roof Type Flat
Building
Lot Description Redevelopment Area, Value In Land, Tear Down On Lot, Single Lot, Sidewalks, Street Paved
Foundation Other
Sewer In Street
Water Public
Architectural Style Tear-Down
Level or Stories One
Structure Type Combination
Construction Status Repairs Major, Tear Down, Value Mainly In Land
Schools
School District Los Angeles Unified
Others
Special Listing Condition Standard
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Coldwell Banker Realty