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1237 Orange Drive
Los Angeles, CA 90038
Sold
Sold before processing. Entered on the MLS for Comp Purposes only. Attention Developers! Opportunity in the heart of Hollywood with plenty of potential. The 7,210 square foot lot is zoned RD1.5-1XL which gives developers an opportunity to either take advantage of the Transit Oriented Community (TOC) Tier 2 incentives or Executive Directive 1 (ED1) incentives. Taking advantage of TOC Tier 2 would allow a developer to build up to 5 units plus 1 ADU. ED1 would allow a developer to build between 20-30 affordable housing units with an expedited approval process. The property is completely paid off, vacant (no tenant relocation required), and no easements or encroachment per the Preliminary Title Report. Nestled just south of Fountain Ave in between Sunset Blvd. and Santa Monica Blvd., allows for convenient access to major freeway and public transportation options. This site is in a prime location for commuting, shopping, entertainment, and dining, which should assure a consistent demand for real estate for years to come. Don't miss your chance to purchase a prime development opportunity with so much potential! Land is vacant and ready to build.
PROPERTY INFORMATION
| MLS # | 23336087 | Lot Size | 7,212 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,100,000
Price Per SqFt: $ 512 |
DOM | 519 Days |
| Address | 1237 Orange Drive | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 2,148 Sq. Ft. |
| Postal Code | 90038 | Garage | N/A |
| County | Los Angeles | Year Built | 1957 |
| Bed / Bath | 4 / 0 | Parking | N/A |
| Built In | 1957 | Status | Closed |
| Sold Date | 2023-12-27 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | None |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | No |
| Kitchen Appliances | None |
| Has Heating | No |
| Heating Information | None |
| Has Cooling | No |
| Cooling Information | None |
| EntryLocation | Main Level |
| Has Spa | No |
| SpaDescription | None |
| SecuritySafety | Gated Community |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,173
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 12/29/2023 | Sold | $1,100,000 |
| 12/27/2023 | Sold | $1,150,000 |
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Listing provided courtesy of Andrew Rhoda, Carolwood Estates. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
