5430 Virginia Avenue $4,990,000

***Seller Financing & Joint Venture Available*** Calling all Developers and Builders! A beautiful development opportunity awaits you. Build a brand-new apartment building on a double-lot development site in the renowned Hollywood Studio District. Property is situated in a Qualified Opportunity Zone, potentially offering tax benefits to the savvy investor. Conveniently located near the 101 Freeway and several Metro lines, making travel to your favorite destinations much easier! Architectural plans call for a 6-story contemporary design featuring 65 apartment residences and 14 recreation rooms (for possible ADU conversions), with one level of semi-subterranean parking only. Ready-to-Issue permits are included, allowing the builder to start construction and save valuable years and excessive frustration often associated with the entitlement process. If you're ready to make a bold statement on the local Hollywood skyline, then this project may be for you! Architectural plans and further details are available upon request.

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