Amazing opportunity for first time buyers, investors and developers! This exceptional investment and development parcel is nestled in the vibrant core of Hollywood. The lot has a duplex and is zoned R 3, permitting the construction of up to 5 units (buyer to verify). The area is thriving with new developments, reflecting strong demand and ongoing economic growth. It is perfectly located near major industry leaders including Paramount Studios, Netflix, Sunset Gower Studios, and NBC Studios. Additionally, the new "Echelon Studios" complex is set to be completed in 2026. This property boasts an outstanding location. The sale will be conducted as is. Buyers are encouraged to independently confirm the accuracy of all information through personal inspections and consultations with qualified professionals.