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We are excited to present a rare development opportunity lot in the heart of Hollywood. This DH-2 zoned site is shovel-ready, with approved plans and permits for a 4-story, 27-unit multi-family building. The project comes with approved Plans and the Permit!rnWith conventional financing, an investor could achieve:rn• Equity Multiple: 2.5+rn• Gross Return: 155%+rnrnThe development plan includes:rn• Spacious 1, 2, and 3-bedroom unitsrn• Rooftop deck with open-air poolrn• Green space amenity with sun deck, BBQ area, and lounge zonern• Fitness centerrn• 34 covered parking spaces plus bicycle parking.rnrnProject and plans include 27 units total: 23 units with 1 bed/1 bath, 3 units with 2 bed/2 bath and 1 unit with 3 bed/2 bath.rnrnThe site is just a 10-minute walk from Young Circle and an 8-minute drive to Hollywood Beach, offering excellent access to restaurants, arts, and transit.rnrnProject highlights:rn• Approved construction plans availablern• Full geotechnical investigation completedrn• Zoning and permitting confirmed for immediate build-out.rnrnClose with the permit in hand and start construction the next day!
Listing Updated: 2026-03-31 21:45:13
