1645 & 1655 North Normandie Avenue is an existing preschool and development opportunity. The subject property consists of approximately 5,240 SF of building on an approximate 12,141 SF lot. Located just south of Hollywood Boulevard and north of Sunset Boulevard.
Rare 53 unit development opportunity in Hollywood. Property is zoned LAC2-1D TOC Tier 3 with a 70% density bonus and an increased FAR of 3.75:1, allowing roughly 45,500 SF of buildable square footage, with no height restrictions.
Seller is willing to entertain a long escrow period, allowing a developer to begin the entitlement process.
The subject property is nestled in the heart of Hollywood, surrounded by AT&T, Starbucks, Ross Dress for Less, Marshalls, the DMV, The Home Depot, Food 4 Less, 99 Cents Only Stores, Kaiser Permanente Los Angeles Medical Center, Goodwill, Vons, Del Taco, and Wendy’s to name a few. Hollywood has seen a dramatic transformation, as there has been over $5 billion invested since 2000. Being synonymous with the American entertainment industry, Hollywood is recognized worldwide for its fame and cultural identity as the historical center of stars. This unprecedented industry concentration is complemented by extensive retail and entertainment amenities such as the world famous Hollywood & Highland complex with the Dolby Theater home to the Academy Awards.
CA DRE 01515796
CA DRE 02005428