Incredible Development Opportunity in Downtown Hollywood with 4 Contiguous [Q]R4-1VL Zoned Properties with TOC Tier 3 Building Density Incentives combine for a total lot square footage of 23,799 Sqft. across the 4 properties. The Aggregate Price for the 4 Properties is $6,499,000.
The 4 properties are: 6051 Harold Way (SFR), 6057 Harold Way (SFR), 6054 Selma Ave. (Duplex), 6060 Selma Ave. (SFR).
Currently, all 4 Properties are located in the Historical Preservation District and are subject to the HPR (Historical Preservation Review) and Building/Development Restrictions.
However, across the street, is the site of 'The Star of Hollywood'... A newly proposed $500M 22 Story Ultra-Modern Office Building designed by World Renown Chinese architecture firm MAD Architects, that is currently undergoing a multi-year environmental review and entitlement process. In 2017, The developer Maggie Gong Miracle, purchased the lion's share of the properties that comprise the 14 Lots to be developed, extending from Sunset Blvd. to Harold Way & Gower St. to La Baig Ave. Included in the 14 Lots that make-up the Development, are 3 Lots on Harold Way which according to Zimas, are designated as HPR (Historical Preservation Review).
Offer Subject to Interior Inspection