Evanisko Realty & Investment, Inc. is pleased to present “The Hollywood Hobart” development site for your consideration.
R3 / Opp. Zone / TOC Tier 3 / NO SNAP
The proposed project concept depicted here and outlined in our marketing materials involves leveraging an SB330-triggering 22’ TOC height increase. The resultant is a 60 -unit project whereby 68% of the existing 18 units will be replaced (13 units) as rate-controlled/BMR units in a new 60-unit project. The units would average approximately 1,000 SF each in four stories over parking. The 47 market-set units would be subject to RSO.
Property is in the Opportunity Zone. Property is not in the Specific Plan [SNAP].
The real estate is being offered for sale at a price representing one of the most economically priced land assemblages of reasonable size currently available in the Hollywood market.