For Sale
$3,000,000

1269 Lyman PlLos Angeles, CA 90029

9,680 sq ft Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 9,680 square foot commercial land parcel, located at 1269 Lyman Pl, Los Angeles, CA 90029 (APN 5542-018-012), presents a unique redevelopment opportunity. Zoned C2-CSA1 (Tier 3), this property is part of the East Hollywood SNAP Plan, allowing for a 3.0:1 Floor Area Ratio (FAR). Its adjacency to Hollywood Presbyterian Medical Center and proximity to Children's Hospital Los Angeles and Kaiser Permanente Medical Center, coupled with the potential for increased FAR (4.5:1 with a 200ft height limit) specifically for hospital development, makes this an attractive investment. The site boasts convenient access to public transportation, including the Metro Rail Red Line at Vermont and Sunset, and the 101 Hollywood Freeway, ensuring excellent connectivity. The asking price is $3,000,000. This vacant lot offers significant potential for a variety of commercial developments, capitalizing on its prime location and advantageous zoning regulations. Serious inquiries only.

Highlights

  • 9,680 SF commercial land parcel at 1269 Lyman Pl, Los Angeles, CA 90029 (APN 5542-018-012).
  • C2-CSA1 (Tier 3) zoning, part of the East Hollywood SNAP Plan, allowing a 3.0:1 FAR, with potential for increased FAR (4.5:1) for hospital development.
  • Excellent location near Hollywood Presbyterian Medical Center, Children's Hospital Los Angeles, and Kaiser Permanente Medical Center.
  • Convenient access to public transportation (Metro Red Line, 101 Freeway).
  • $3,000,000 asking price.

Property Details for 1269 Lyman Pl

Property type
Land

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0952787
Longitude
-118.2888264
1269 Lyman Pl, Los Angeles, California

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1269 Lyman Pl
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