944 Hammond Street, West Hollywood, CA 90069

$1,495,000

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List Price
$1,495,000
Status
ACTIVE
MLS#
26994827
Lot Size
5,246
Acres
0.12
Days on Market
0
Property Type
Land

Property Description

Situated in the heart of West Hollywood's coveted Norma Triangle, 944 Hammond Street presents a rare 5,246-square-foot, R4B-zoned high-density residential development site. Located just blocks from Beverly Hills and North Doheny Drive, the property offers exceptional walkability with a Walk Score of 91, along with convenient access to dining, luxury retail, hospitality and Sunset Boulevard. The vacant and unoccupied parcel offers a range of potential development opportunities, including a single-family residence, townhomes or a larger multifamily project, subject to applicable zoning, development standards and approvals. Depending on the proposed project and its eligibility, California State Density Bonus Law may provide opportunities for additional density, height, incentives, concessions and/or waivers beyond base zoning requirements. Buyer to independently verify all development potential. Qualifying projects may also benefit from reduced or eliminated minimum automobile parking requirements under AB 2097 if applicable transit-proximity and other statutory requirements are satisfied. Buyer to verify. Future development may offer views toward Downtown Los Angeles, the Hollywood Hills and Century City depending on building height, orientation and approved design. As a currently vacant parcel, the property requires no tenant relocation. Newly constructed rental units are generally exempt from West Hollywood's rent stabilization limits, although other applicable tenant protections and regulations may apply. 944 Hammond Street represents a rare opportunity to acquire a vacant high-density residential development site in one of West Hollywood's most established and walkable neighborhoods.

Additional Information

View
City Lights, Hills
Sewer
Other
Attached Structure
Detached

Listing courtesy of Listing Agent: Michael Maguire (michaelm@compass.com) from Listing Office: Compass.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.