1807 Van Ness, Los Angeles, CA 90028

Description

***Build 11 units by-right with SB-79, 26 units mixed-income project with MIIP and SB-79, and an affordable housing project with no max density*** 1807 N. Van Ness Ave presents a development-ready opportunity in one of Hollywood's most desirable pockets north of Hollywood Blvd. Set on an 8,392 SF flat lot zoned RD1.5-1XL, and located 0.5 miles north of the Hollywood/Vermont Red Line Metro station, this lot is eligible for SB-79 incentives. There are multiple paths for redevelopment, including 11 units by right, up to 26 units for a mixed-income project, and no maximum density for an affordable housing project. The site will be delivered vacant at the close of escrow, and a BrickWork development report is available in pages. 9-11 of the marketing package. The neighborhood continues to attract transformative investment, with nearby projects like the 6007 Sunset campus and the $1 billion Star tower, designed by Foster + Partners. Hollywood and Sunset Blvds are lined with new mixed-use and multifamily developments that are reshaping the corridor. Several blocks from the heart of Franklin Village, 1807 N. Van Ness is near a stretch of quaint cafes, small boutiques, and heavily visited grocers. In addition, major employers such as Netflix, Paramount, Viacom, Sunset Bronson Studios, Emerson College, and Children's Hospital LA drive tenant demand, ensuring stability for future projects. A short drive connects to Hillhurst Ave in Los Feliz and Sunset Junction in Silver Lake. In a market defined by large-scale reinvestment and employment-driven demand, 1807 N. Van Ness is a rare vacant parcel positioned to capture near-term and long-term growth in a dynamic Hollywood corridor.

Features

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• 0.19 Acres
• 2 Stories