$8,500,000

Currently vacant, this site sits within the Hollywood Community Plan area and the Vermont/Western Station Neighborhood Area Specific Plan (SNAP). The site contains two zoning designations of C2-1D for the fronting parcels on Hollywood Blvd., and RD1.5-1XL for the rear parcel on Berendo St. The site is eligible for numerous state and local incentives which would permit up to120 units in a State Density Bonus (AB 1287) project and unlimited density in a Mixed-Income, Affordable Housing Incentive or ED1 project. Potential buyers are encouraged to review the land use memo provided in the Virtual Deal Room. Los Feliz and Silverlake offer a dynamic and appealing LA lifestyle, characterized by a vibrant cultural scene, diverse culinary experiences, access to green spaces like Griffith Park and the Silver Lake Reservoir, and a strong sense of community. While Silver Lake leans towards a trendier, more eclectic vibe, Los Feliz offers a slightly more established and classic Los Angeles charm. Both neighborhoods provide a rich urban experience with a wealth of amenities and attractions that draw residents and visitors alike. Los Feliz is an incredibly supply constrained market with fewer than 100 units of new supply construction starts in 2025 across the greater Los Feliz/East Hollywood submarket per CoStar. Current construction activity in this submarket will expand housing supply by a meager 1% upon completion. Significant new supply is not anticipated for the foreseeable further thanks to capital markets constraints and subsequent low permit activity. Please visit the Property Website to execute the Confidentiality Agreement and access the Virtual Deal Room.