5728 Waring Avenue, Los Angeles, CA 90038

About this single-family home

PRICE REDUCED! We are pleased to present for a sale a prime LAR3 development opportunity in Hollywood! Located just steps away Paramount Studios, this FLAT 6,503 sqft lot offers a developer the opportunity to build 8 units by right or up to 15 units using TOC Incentives. Lot dimensions are 50 sqft by 130 sqft, zoned R3-1XL, TOC Tier 2, and comes with an alley! Subject property is currently a single family residence that will be delivered VACANT, meaning no dealing with rent stabilization (RSO), tenant relocation, or new onerous SB 8 regulations! (currently owner occupied) The site is located within an Opportunity Zone, which may provide additional tax incentives (buyer to verify). Do not miss this opportunity to purchase a RARE development site near all the shopping, restaurants (3 blocks from Melrose Ave!), transportation, and amenities that Hollywood has to offer its tenants!! Excellent location close to Paramount Studios, West Hollywood, Larchmont Village & Hancock Park. Lots of new development in this pocket! Buyer to verify all zoning regulations with LADBS. Home to be sold As-Is. Do not disturb current occupants. Contact listing agent for more details!

Listing description from the April 2022 sale, as reported to CRMLS.

Sale history

$1,575,000

Sold April 2022 · listed $1,650,000, orig. $1,700,000, on market November 2021 · MLS #21108047 · Source: CRMLS

Listing Agent: Daniel Shamooelian · Listing Office: Keller Williams Beverly Hills · Contact: 310-432-6400 · Bought with: Outside Agent · CLAW Reciprocal Listings

$1,575,000

Sold April 2022 · listed $1,650,000, orig. $1,700,000, on market November 2021 · MLS #21108051 · Source: CRMLS

Listing Agent: Daniel Shamooelian · Listing Office: Keller Williams Beverly Hills · Contact: 310-432-6400 · Bought with: Outside Agent · CLAW Reciprocal Listings

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