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944 Hammond St

West Hollywood, CA 90069
  • $2,795,000
  • STATUS: Active
  • ON SITE: 34 Days
  • MLS #: 24-394493
UPDATED: 41 min ago
$2,795,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

Introducing a very rare opportunity in the heart of West Hollywood's coveted Norma Triangle, 944 Hammond Street presents a rare 5,246 square foot High-Density R4B lot, widely acknowledged as one of the premier locations in the area. This vacant and unoccupied property boasts immense potential, offering investors the chance to capitalize on one of the most sought-after locations in the market. With the possibility of commanding views of Downtown LA, the Hollywood Hills, and Century City, the property offers a unique vantage point for future development. Strategically positioned just blocks away from Beverly Hills and North Doheny Drive, the property enjoys outstanding walkability, boasting an impressive walk score of 91 out of 100. Additionally, its close proximity to transit and public transportation enhances its accessibility, while its prime location places residents within steps of some of West Hollywood's finest dining establishments, commercial hubs, and hospitality venues, such as The Edition West Hollywood, The London Hotel, and a series of new hotels underway on Sunset Boulevard. One of the most compelling features of this property is its advantageous zoning, which permits up to 12 residential units and possibly up to 6 floors under the Density Bonus Law (Buyer to verify). Moreover, it benefits from the approved Assembly Bill 1287 State Density Bonus Law, providing further flexibility for development possibilities (Buyer to verify). Notably, there is potential to alleviate parking requirements through the approved Assembly Bill 2097, streamlining the development process (Buyer to verify). Not subject to Rent Control if developed into rental housing, and with no replacement units required, this property presents a lucrative investment opportunity for developers and investors alike (Buyer to verify). Renderings provided are for inspirational purposes only and do not represent approved plans. Do not miss the opportunity to secure this prime high-density development site in one of West Hollywood's most desirable neighborhoods.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2024-07-24T09:42:55.007. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/151816366
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944 Hammond St West Hollywood, CA 90069

  • Price: $2,795,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 41 min ago
  • MLS #: 24-394493
0
Beds
0
Baths
0
½ Baths
0.12
Acres
Neighborhood:
West Hollywood Vicinity
County:
Los Angeles
Area:
West Hollywood Vicinity
Property Description
Introducing a very rare opportunity in the heart of West Hollywood's coveted Norma Triangle, 944 Hammond Street presents a rare 5,246 square foot High-Density R4B lot, widely acknowledged as one of the premier locations in the area. This vacant and unoccupied property boasts immense potential, offering investors the chance to capitalize on one of the most sought-after locations in the market. With the possibility of commanding views of Downtown LA, the Hollywood Hills, and Century City, the property offers a unique vantage point for future development. Strategically positioned just blocks away from Beverly Hills and North Doheny Drive, the property enjoys outstanding walkability, boasting an impressive walk score of 91 out of 100. Additionally, its close proximity to transit and public transportation enhances its accessibility, while its prime location places residents within steps of some of West Hollywood's finest dining establishments, commercial hubs, and hospitality venues, such as The Edition West Hollywood, The London Hotel, and a series of new hotels underway on Sunset Boulevard. One of the most compelling features of this property is its advantageous zoning, which permits up to 12 residential units and possibly up to 6 floors under the Density Bonus Law (Buyer to verify). Moreover, it benefits from the approved Assembly Bill 1287 State Density Bonus Law, providing further flexibility for development possibilities (Buyer to verify). Notably, there is potential to alleviate parking requirements through the approved Assembly Bill 2097, streamlining the development process (Buyer to verify). Not subject to Rent Control if developed into rental housing, and with no replacement units required, this property presents a lucrative investment opportunity for developers and investors alike (Buyer to verify). Renderings provided are for inspirational purposes only and do not represent approved plans. Do not miss the opportunity to secure this prime high-density development site in one of West Hollywood's most desirable neighborhoods.
Exterior Features

Horse YN No Lot Description Single Lot Lot Location None Lot Size Area 5246 View Description CityCity LightsHills View YN Yes

Property Features

Assessments None Cable YN No Disclosures None Electric Other Gas Unknown Land Lease Type Fee Public Street YN True Sale Type Standard Sewer In Street Site Description City Source Lot Size Area Vendor Enhanced Water In Street Zoning WDR4*

Listing provided courtesy of Michael Maguire DRE#01762981 of Compass: 323-593-6999.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2024-07-24T09:42:55.007. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210