FIRST TIME ON THE MARKET IN OVER 50 YEARS!!!! Amazing opportunity for first-time buyers, investors and/or developers! This exceptional investment and development parcel is nestled in Hollywood near Hancock Park. The lot has a duplex and is zoned R-1.5 permitting the construction of up to 4 units (buyer to verify). New developments create demand for economic growth. A rare opportunity to own a 1920s Spanish-style duplex with the possibility of adding an ADU (buyer to verify). Ideal for owner-users or investors seeking a timeless asset in a highly desirable neighborhood. This exceptional investment and development parcel is nestled in the vibrant core of Hollywood. New developments allow for demand and ongoing economic growth. Located near Paramount Studios, Netflix, Sunset Gower Studios, and NBC Studios. The "Echelon Studios" complex is set to be completed in 2026. Buyers are encouraged to independently confirm the accuracy of all information through personal inspections and consultations with qualified professionals. CASH-only buyers, you can rehab the 2 existing units, possibly add an ADU, or build up to 4 units.