ADJACENT PROPERTY 1116 N GOWER ST ALSO AVAILABLE FOR SALE. CAN BE PURCHASED TOGETHER TO ASSEMBLE LARGER DEVELOPMENT SITE. 1110 N Gower Street is comprised of an approximately 4,133 SF two story commercial building on approximately 6,500 SF of land zoned CM-1VL. The property has two unoccupied structures that total approximately 4,133 SF which will be delivered vacant at the close of escrow: a two-story commercial building approximately 2,133 SF (per County Assessor), and an additional 2,000 SF storage building at the rear which may be unpermitted. Key Features: - Strategic Location: Located in the heart of Hollywood, just north of the intersection of Santa Monica Boulevard and Gower Street. - Development Potential: The CM zoning allows for a variety of commercial and residential uses. - Opportunity Zone Designation: Take advantage of potential tax incentives and benefits for qualified investments. - Ample Land Area: The property offers ample space for redevelopment or expansion. - High Demand: Benefit from strong demand for housing in Hollywood and robust apartment rental rates. - Transit-Oriented Community (TOC) Zoning: Enjoy potential FAR and unit density bonuses by incorporating affordable housing units. - State Affordable Housing Bonus Law: Take advantage of a 100% density bonus by providing 30% of the base units as affordable housing. - Hollywood Community Plan Update (HCPU): Potential for further FAR and unit density bonuses upon implementation. Ideal for: - Owner-users seeking a versatile property. - Investors looking for a prime development opportunity. - Developers seeking to capitalize on the strong demand for housing in Hollywood.