CA > Los Angeles
Los Angeles, CA 90028,1516 La Baig AVE
Los Angeles, CA 90028,1516 La Baig AVE
Los Angeles, CA 90028,1516 La Baig AVE
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$1,695,000
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2 Beds
2 Baths
1,620 SqFt
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1516 La Baig AVE Los Angeles, CA 90028

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Derek Johnson

Derek Johnson

+1(310) 424-8883

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,620 sqft

Price per Sqft $1,046

MLS Listing ID 25562881

Bedrooms 2

Full Baths 2

HOA Y/N No

Year Built 1919

Lot Size 5,497 Sqft

Property Sub-Type Single Family Residence

Property Description

1516 La Baig Ave is a duplex (delivered vacant) located on a 5,499 SF lot in the center of the Hollywood Media District; just two parcels north of Sunset Blvd. This is a rare opportunity to acquire a development-ready site in a dynamic growth corridor, surrounded by major film and media employers, new mixed-use development, and transformative infrastructure investment. The property neighbors a new 109-unit apartment complex by CIM, across from Sunset Bronson Studios and Emerson College, and adjacent to the Netflix headquarters campus. A block away, the much-anticipated $1 billion "The Star" tower, designed by Norman Foster, is set to redefine the local skyline and inject over half a million square feet of new Class A creative space. ***There are ready-to-issue (RTI) plans to develop a 9-unit market-rate multifamily complex. Plans call for (1) 2-bdrm. unit, (3) 1-bdrm. units, and (5) singles. Please refer to the plans for more information.*** This site is eligible (buyer to verify) for Opportunity Zone tax benefits and is aligned with the recently enacted Hollywood Community Plan, which significantly increases allowable density incentivizes affordable housing, and encourages transit-oriented growth throughout the Sunset and Hollywood corridors. The existing improvements include (2) 1-bdrm. bungalow-style units. The property also features covered and surface parking, plus a standalone garage. Please note, the units are separately metered.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning [Q] LAR4-1VL

Interior

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Laundry See Remarks

Exterior

Parking Features Covered, Door-Single, Garage, Side By Side, Uncovered

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Gated

View Y/N No

View None

Total Parking Spaces 2

Private Pool No

Building

Faces West

Story 1

Entry Level One

Architectural Style Bungalow

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID UNAVAILABLE

Security Features Gated Community

Special Listing Condition Standard

CRMLS – RECore
Listed by Max Berger Compass

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agent

Derek Johnson

Agent | License ID: 02051308

+1(310) 424-8883

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1516 La Baig AVE