Listing provided courtesy of Parastou Asadian of Equity Union. Last updated 2024-11-21 09:21:11.000000. Listing information © 2024 CRMLS.
Asking Price: $1,199,500
3236 Velma, Los Angeles CA 90068
Community: C30 - Hollywood Hills East
Status: Active Under Contract
This Single Family Residence property was built in 1938 and is priced at $1,199,500. Please see the additional details below.
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!