1269 Lyman Pl, Los Angeles, CA 90029

Listing agent Mark Hong License #CA

Listing office Korus Real Estate

Listing date Jan 3, 2024

Source Crexi

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Overview

This vacant land parcel presents a redevelopment opportunity adjacent to the Hollywood Presbyterian Medical Center. The zoning is C2-CSA1 (Tier 3) and is part of the East Hollywood SNAP Plan, allowing for a 3.0 / 1 Floor Area Ratio (FAR). A 4.5 / 1 FAR is possible for hospital development, with a height limit of up to 200 feet. Childrens Hospital Los Angeles and Kaiser Permanente Medical Center are within walking distance. The property is also within walking distance of the Metro Rail (Red Line) at Vermont and Sunset, offering convenient access to the 101 Hollywood Freeway.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Los Angeles

County

Los Angeles

State

California

Longitude

-118.28887

Latitude

34.09509

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FAQs

What type of property is this?

Commercial land - Vacant land near medical center, redevelopment opportunity.

Where is this commercial land located?

The property is located at 1269 Lyman Pl Los Angeles, CA.

What is the asking price?

The asking price for this property is $3,000,000.

What are key features of this property?

This property features: Redevelopment opportunity with C2‑CSA1 (Tier 3) zoning.; Potential for increased Floor Area Ratio (F.A.R.) of 4.5 / 1 and up to 200 ft height limit for hospital development.; Adjacent to Hollywood Presbyterian Medical Center.