Los Angeles, CA 90004,598 N Hoover Street
Los Angeles, CA 90004,598 N Hoover Street
Los Angeles, CA 90004,598 N Hoover Street
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$900,000
Est. payment /mo
4,057 Sqft Lot
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Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CL25597057

HOA Y/N No

Lot Size 4,057 Sqft

Acres 0.09

Property Sub-Type Unimproved Land

Property Description

Two APNs: 5401-001-004 & 5401-001-021. 598 N Hoover Street is an exceptional land offering positioned at the nexus of Silver Lake and East Hollywood. Totaling 4,057 square feet across two contiguous parcels, the property is zoned LAC1.5 with TOC tier 3 designation, providing a flexible canvas for multifamily or mixed-use development. A previously existing 1,320-square-foot structure was recently affected by a fire, but the property's highest and best use lies in redevelopment, making it ideally suited for a tear-down opportunity. Under current C1.5 zoning, the site permits a base density of 10 units by-right, and a mixed-use project could build up to ~12,171 SF of floor area over multiple stories, with retail on the ground floor and housing above (Buyer to verify). Multifamily developers could also take advantage of a 3% density bonus for 14 units, with 11% very low income. This creates an attractive opportunity for developers to pursue either an all-residential project, a purely commercial build, or a mixed-use concept. The property benefits from a prime location along a vibrant retail corridor, offering future residents or tenants immediate access to the diverse amenities of Silver Lake and East Hollywood. Just blocks from Melrose Avenue and Sunset Boulevard, the site is surrou

Location

State CA

County Los Angeles

Zoning LAC1

Interior

Fireplace No

Exterior

View Y/N false

View None

Building

New Construction No

Others

Tax ID 5401001004


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Bridge MLS
Listed by Jake Glaser • Lyon Stahl Investment Real Estate, Inc.

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598 N Hoover Street