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1116 N Gower St, Los Angeles, CA 90038

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For Sale

$1,495,000

0.15 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • 0.1 acres
    Lot size

Explore this Property

Compass is pleased to present 1116 N Gower Street, a prime repositioning and development opportunity located in the heart of Hollywood. The existing 2,040-square-foot triplex includes two 2-bedroom units, and one 1-bedroom unit situated on a 6,500-square-foot lot. The adjacent property at 1110 N Gower Street is also available for sale, creating a rare offering of 13,000 total SF of contiguous land for redevelopment for various types of housing, including affordable housing. Delivered vacant at close of escrow, the property enables an owner-user/investor to remodel and lease-up the existing 3-unit building as well as construct two (2) ADU's in the rear (buyer to verify). The property's location benefits from the latest Hollywood Community Plan Update, with C2 zoning, allowing for a variety of development opportunities including residential, mixed-use, and commercial. This is a rare opportunity to acquire a vacant triplex, and optionally a sizable development site in one of Los Angeles' most iconic and evolving neighborhoods.The property is ideally located just north of the intersection of Santa Monica Blvd and Gower Street, near iconic landmarks including Sunset Gower Studios, Paramount Studios, The Hollywood Walk of Fame, and the iconic Hollywood Bowl. The location benefits from high visibility, with both increased pedestrian and vehicle traffic and excellent accessibility. The immediate access to the 101 Freeway, multiple Metro lines, and major east-west corridors, embeds this site in a transit-rich area supported by both residential and commercial activity.
MLS# 25583865

Courtesy Of Compass

(310) 230-5478

Property Features

  • Architecture Style
    Other
  • Lot Size
    0.15 Acres

Map and Directions

Directions to 1116 N Gower St, Los Angeles, CA 90038

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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