map Map favorite Favorite share Share image 7 Photos print Print
Photo
Photo Photo

944 Hammond Street

West Hollywood, CA 90069

$2,795,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

calendar_month Built

Property Description

Introducing a very rare opportunity in the heart of West Hollywood's coveted Norma Triangle, 944 Hammond Street presents a rare 5,246 square foot High-Density R4B lot, widely acknowledged as one of the premier locations in the area. This vacant and unoccupied property boasts immense potential, offering investors the chance to capitalize on one of the most sought-after locations in the market. With the possibility of commanding views of Downtown LA, the Hollywood Hills, and Century City, the property offers a unique vantage point for future development. Strategically positioned just blocks away from Beverly Hills and North Doheny Drive, the property enjoys outstanding walkability, boasting an impressive walk score of 91 out of 100. Additionally, its close proximity to transit and public transportation enhances its accessibility, while its prime location places residents within steps of some of West Hollywood's finest dining establishments, commercial hubs, and hospitality venues, such as The Edition West Hollywood, The London Hotel, and a series of new hotels underway on Sunset Boulevard. One of the most compelling features of this property is its advantageous zoning, which permits up to 12 residential units and possibly up to 6 floors under the Density Bonus Law (Buyer to verify). Moreover, it benefits from the approved Assembly Bill 1287 State Density Bonus Law, providing further flexibility for development possibilities (Buyer to verify). Notably, there is potential to alleviate parking requirements through the approved Assembly Bill 2097, streamlining the development process (Buyer to verify). Not subject to Rent Control if developed into rental housing, and with no replacement units required, this property presents a lucrative investment opportunity for developers and investors alike (Buyer to verify). Renderings provided are for inspirational purposes only and do not represent approved plans. Do not miss the opportunity to secure this prime high-density development site in one of West Hollywood's most desirable neighborhoods.

Listing Information

List Price $2,795,000
Status Active
MLS 24394493
Type Land
Lot Size 5,246
Structure Size N/A
DOM 62
Courtesy Of Compass
Listing Agent Michael Maguire DRE#01762981
Co-Listing Agent Michael Maloney DRE#01487461

Interior Features

Total Bedroom
Bedrooms N/A

Exterior Information

Maps

home_work Nearby Properties

Image

$2,050,000

king_bed 3
shower 5
straighten 3,486
straighten 6,221
945 Hilldale Avenue,

West Hollywood, CA 90069
Image

$2,349,000

king_bed 3
shower 3
straighten 1,515
straighten 3,487
9006 Phyllis Avenue,

West Hollywood, CA 90069
Image

$7,000/month

king_bed 2
shower 2
straighten 1,150
straighten 5,634
933 Hammond Street,

West Hollywood, CA 90069
Image

$9,995/month

king_bed 3
shower 3
straighten 1,641
straighten 3,653
9019 Phyllis Avenue,

West Hollywood, CA 90069
Image

$2,495/month

king_bed 1
shower 1
straighten 700
9016 1/2 Harratt,

West Hollywood, CA 90069

Listing information courtesy of: Michael Maguire, Michael Maloney, Compass . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 20th, 2024 at 8:41 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.