This development opportunity consists of two adjacent lots at 1841 and 1847 Mayo Street in Hollywood, offering a combined 16,377-square-foot development site currently generating approximately $4,000 per month in rental income. The property is zoned for high-intensity multifamily use and presents the potential to develop up to 32 residential units,… Read More with a proposed mix of four studios, 14 one-bedroom units, and 14 two-bedroom units. Located in a rapidly growing Hollywood market with strong rental demand, the property offers an attractive opportunity for developers and investors seeking to capitalize on continued area growth. Both properties are currently tenant-occupied on month-to-month leases, providing immediate rental income while maintaining flexibility for future redevelopment. Read Less
Courtesy of Teresa Rios, Worth International Realty, Inc 305-733-0706
Listing Snapshot
Days Online
8
Last Updated
Property Type
Multi Family
Lot Size
16377 Acres
MLS Number
A12072948
30 Days Snapshot Of 33020
$227k
-12%
(avg) sold price
9
+12%
homes sold
158
+42%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
16377 acres
Property
Zoning: FH-2
Sewer
Public Sewer
Taxes
Annual amount: $7,329
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