An exceptional investment opportunity awaits in a highly desirable Hollywood Hills East location! This offering includes two adjoining parcels: one 7,120 sq ft lot featuring a charming 2-bedroom, 1-bathroom home with 1,084 sq ft of living space, along with an unpermitted outbuilding, and the second parcel, a 5,016 sq ft empty lot. Combined, these street-to-street lots total over 12,000 sq ft, providing ample potential for development or expansion. With stunning mountain, hilltop, and treetop views, this property presents a prime canvas for builders or investors seeking to capitalize on the area’s sought-after real estate market. The location is unbeatable, offering nearby shopping and dining along trendy Ventura Blvd or the heart of Hollywood, plus proximity to Universal Studios and convenient access to the 101 freeway. Also within the boundaries of the highly rated Valley View Elementary School, this property is being sold in as-is condition, offering incredible upside for those with vision and expertise. Don’t miss this rare opportunity in a coveted neighborhood!
Property Details
Price:
$1,199,500
MLS #:
SR24204962
Status:
Active Under Contract
Beds:
2
Baths:
1
Address:
3236 Velma Drive
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
c30hollywoodhillseast
City:
Los Angeles
Listed Date:
Oct 2, 2024
State:
CA
Finished Sq Ft:
1,084
ZIP:
90068
Lot Size:
12,136 sqft / 0.28 acres (approx)
Year Built:
1938
See this Listing
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Schools
Elementary School:
Valley View
Middle School:
Bancroft
High School:
Hollywood
Interior
Appliances
Gas Range, Range Hood
Cooling
None
Fireplace Features
Living Room
Flooring
Carpet, See Remarks, Wood
Heating
Central
Interior Features
Beamed Ceilings, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), High Ceilings, Tile Counters, Wood Product Walls
Window Features
Garden Window(s), Skylight(s)
Exterior
Community Features
Mountainous
Fencing
Block, Wrought Iron
Garage Spaces
1.00
Lot Features
Back Yard, Front Yard, Lot 10000-19999 Sqft, Up Slope from Street, Value In Land, Yard
Parking Features
Garage, Garage Faces Front, Garage – Single Door, Garage – Two Door
Parking Spots
1.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
Hills, Mountain(s), Neighborhood
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address3236 Velma Drive Los Angeles CA
- AreaC30 – Hollywood Hills East
- CityLos Angeles
- CountyLos Angeles
- Zip Code90068
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Courtesy of Equity Union. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
3236 Velma Drive
Los Angeles, CA
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