The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 15, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?





MULTIFAMILY NEWS
Printer-friendly Version   Email an Associate
Edenrock Group Buys Double-Lot Property in Hollywood for $3.25 Mil

1/03/23

Edenrock Group acquired a double lot in Hollywood for $3.25 mil. The unentitled property is located at 852-848 North Detroit St, west of Highland Ave between Santa Monica Blvd and Melrose Ave.

The double lot has a combined land size of 13.5k sf. The zoning is [Q]LAR3-1XL, which allows for 11 by-right multifamily units. Along with tier two transit-oriented community development incentives, there is a total of 20 potential buildable units. The buyer plans on developing 10 units total. The buyer was the Edenrock Group.

Jason Tuvia with Marcus & Millichap and Nicholas Mejerski with the Tuvia Group, represented the seller. The buyer, a private investor, was also repped by the Tuvia Group. The property sold for $295.5k per by-right unit and $241.56 per land square foot.





Return to the Archive page
 


 
 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media