N Edinburgh Avenue, West Hollywood, 캘리포니아 90046, 미국

We are pleased to present a rare and flexible multifamily development opportunity at 1006 & 1010 N Edinburgh Avenue, ideally located in the heart of West Hollywood. The offering consists of two contiguous parcels totaling approximately 12,373 square feet of flat land, with dimensions of approximately 99 feet by 126 feet. Each parcel is currently improved with a tenant-occupied single-family residence. This prime development site offers three distinct and highly compelling paths forward: By Right: Construct 10 townhomes or(small lot subdivision units) Architectural plans for this scenario have already been prepared and are available for review.AB-1287: Pursue a 22-unit multifamily project across three stories, utilizing the benefits of California's new density bonus law.AB-2345 (100% Affordable): Maximize the site's potential with a high-density development of approximately 80 units across six or more stories. This option is ideal for affordable housing developers looking to capitalize on state and local Incentives. Take advantage of an already approved 17-unit project and save significant entitlement time by utilizing the existing approvals. Developers can amend or submit a supplemental plan to build upon the current entitlements and expedite the permitting process. Zoned R3-B and located in a Tier 3 zone and High Quality Transit Corridor, the site qualifies for substantial development incentives. The base zoning allows for 11 units, and AB-1287 and AB-2345 offer additional density, height, and parking flexibility for eligible projects. The site's transit-accessible location, coupled with aggressive state and local programs, makes it especially well-suited for both market-rate and affordable housing development. Just steps from Melrose Avenue and near The Grove, Runyon Canyon, the Sunset Strip, and LACMA, the property is situated in one of the most vibrant and walkable areas of Los Angeles. This location supports strong demand for a wide range of housing types and offers residents unparalleled access to retail, dining, transit, and recreation. Located just one block from Santa Monica Boulevard, this offers direct access to West Hollywood's premier restaurant and entertainment district, placing residents within walking distance of acclaimed dining spots, nightlife venues, and cultural attractions.