Property Detail

Description

This +/- 6,750 SF site is zoned R4 and TOC Tier 4 in an Opportunity Zone. The SNAP Subarea C designation offers unique buildability utilizing the entire square footage lot line to lot line. This means no front, side, or rear yard setback and no parking requirement*. Subject property is ideally positioned between a highly concentrated healthcare employment hub + major creative employment base. Major healthcare anchors include Kaiser Permanente Los Angeles Medical Center (325,000 members), Hollywood Presbyterian Medical Center (434-bed acute care hospital), and Children's Hospital Los Angeles (438-bed pediatric hospital). 1335 N New Hampshire is immediately adjacent to Kaiser Permanente's planned multi-phase Los Angeles Medical Center expansion, including a planned 130,000 SF medical office building at 1326-1328 N New Hampshire Ave. The surrounding entertainment hub draws employees, investors, clients, vendors, and visitors to Netflix's 418,000 SF campus, the 4.5-acre Sunset Bronson Studios, and The Prospect Studios in Los Feliz. The property also benefits from an exceptional transit-oriented location just one block from the Vermont/Sunset Metro Station, supporting strong housing demand from the surrounding medical ecosystem, including physicians, nurses, hospital and medical-office employees, traveling nurses and other visiting healthcare professionals, as well as patients' families and loved ones seeking convenient accommodations near the surrounding hospitals and medical centers. Centrally located between Hollywood, Los Feliz and Silver Lake, the property is near Griffith Park and many of the area's most desirable dining, nightlife and recreation destinations, while neighborhood institutions including Saffy's and Tiki-Ti are within walking distance. The combination of existing entitlements, transit access, major institutional employment, expanding healthcare infrastructure and proximity to Hollywood's creative economy creates a compelling development opportunity in a supply-constrained central Los Angeles location. Existing plans and permits to build 33 units can be shared upon request. *Buyer to verify.