407 N ARDMORE Ave, Los Angeles, CA 90004

Property Description

The property is being sold as a re-development opportunity. The offering allows an investor to acquire an un-entitled 0.15 - acre redevelopment site located at 407 North Ardmore Avenue in the East Hollywood submarket of Los Angeles. The site is approximately 6,360 square feet site north of Beverly Boulevard and west of Normandie Avenue. Situated one parcel north from the intersection of Ardmore Avenue and Oakwood Avenue, the site is approximately 15 minutes northeast from Downtown Los Angeles. The submarket is undergoing a resurgence with several high profile developments including the new mixed-use project, The LC located at Parchment and Melrose, as well as 5112 Melrose, a brand new 49 unit townhome project being developed by Lennar. 407 North Ardmore Avenue offers developers the rare possibility to deliver a highly efficient and unique project that is proximate to Larchmont Village, Koreatown, Hollywood and Downtown Los Angeles, some of the most desirable submarkets in Los Angeles.