Prime Sunset Blvd Location: Situated on the world-renowned Sunset Blvd in Hollywood, offering unparalleled visibility and access to a high-traffic area with strong consumer demand. Development Potential: Opportunity for a covered land play, allowing investors to capitalize on existing rental income while pursuing entitlements for a multifamily mixed-use redevelopment. Strong Neighborhood Demographics: The property is located in a vibrant, densely populated neighborhood, ensuring a solid consumer base and excellent long-term demand. Strategic Corner Position: Positioned at the high-visibility corner of Sunset Blvd and Fuller Avenue, this location maximizes exposure and foot traffic. Leasing Flexibility: Early termination rights in existing leases provide potential for redevelopment or repositioning the property, enhancing flexibility for future plans. Significant Rental Upside: With one suite currently vacant and opportunities for rent increases in other spaces, the property offers immediate rental growth potential. TOC Tier 1 Opportunity: Eligible for Tier 1 Transit-Oriented Communities (TOC) incentives, allowing for the development of 100+ residential units with ground-floor retail, enhancing both residential and commercial appeal. Affordable Housing Incentives: Potential for affordable housing development, significantly increasing the number of units and capitalizing on zoning incentives and state-supported programs. Strong Economic Fundamentals: The surrounding neighborhood has experienced robust economic growth, with recent mixed-use developments further driving demand and increasing property values. State Density Mandates: Future state mandates may support higher-density development, providing additional opportunities for developers to capitalize on increased building capacity and favorable zoning.