3236 Velma Drive

Los Angeles, CA 90068

$1,199,500

List Price

2

bed Beds

1

shower Baths

1,084 sqft

straighten / sqft

1938

calendar_month Built

Property Description

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!

Listing Information

List Price $1,199,500
Status Active
MLS SR24204962
HOA $0
Type Residential
Subtype Single Family Residence
Year Built 1938
Lot Size 12,136
Structure Size 1,084
DOM 8
Courtesy Of Equity Union
Listing Agent Parastou Asadian DRE#01913000

Interior Features

Laundry Information
Location(s) See Remarks
Total Bedroom
Bedrooms 2
Total Bathroom
Bathrooms 1
Flooring Information
Material Carpet, See Remarks, Wood
Fireplace Information
Features Living Room
Additional Information
Additional Features Beamed Ceilings, Built-in Features, Breakfast Area, Ceiling Fan(s), Cathedral Ceiling(s), Separate/Formal Dining Room, High Ceilings, Tile Counters, Wood Product Walls
Cooling Type
Cooling Type None

Exterior Information

Other Structures
Structures Outbuilding
Features Concrete, Covered, Open, Patio
View Yes

Maps

Listing information courtesy of: Parastou Asadian, Equity Union . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 10th, 2024 at 2:07 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.