Levarrarealestate.com Search Results

$679,850

Rare opportunity to acquire an income producing 3/2 home (w/in-law suite) & additional development capacity, walking distance from schools, library, parks & Downtown Hollywood, at over 20% below market value. Lots of new development nearby. Investors & developers have increasingly turned their attention to this area, recognizing its long term potential. This property should not be viewed solely as a single family home or solely as a land play; the true value is in both. The existing 3 bedroom 2 bathroom home can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 9 units, without tearing down the current structure. All of the additional 8 units can be ~760 square foot 2 bedroom apartments. The included site plan shows viable layout, parking & access. A formal Pre-Application Consultation (PAC) meeting with the city has been held; representatives from every relevant discipline were present (planning, zoning, engineering, landscape, fire, etc) and they confirmed the site plan is feasible & compliant with current zoning & regulations. Sold land comps: $50k per (mostly 1 bedroom) unit. Active land comps: $58k-$101k per (mostly 1 bedroom) unit. Two bedroom units generally rent for around 30% more than one bedroom units; land buildable for two bedroom units is generally valued around 30% more than land buildable for one bedroom units. 3/2 house comps: $499k-$679k active, $410k-$580k sold. Subject property is a 3/2 house + 8 (2 bedroom) units of buildable land; market value ~$900k. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. Build cost:~$1.3M-$1.5M. All in:~$2M. Projected value:$3M+ = ~$1M instant equity. Potential ~10% cap. Seller will finance. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information.

3 Beds ⋅ 2 Baths ⋅ B26036952 MLS

Rare opportunity to acquire an income producing 3/2 home (w/in-law suite) & additional development capacity, walking distance from schools, library, parks & Downtown Hollywood, at over 20% below market value. Lots of new development nearby. Investors & developers have increasingly turned their attention to this area, recognizing its long term potential. This property should not be viewed solely as a single family home or solely as a land play; the true value is in both. The existing 3 bedroom 2 bathroom home can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 9 units, without tearing down the current structure. All of the additional 8 units can be ~760 square foot 2 bedroom apartments. The included site plan shows viable layout, parking & access. A formal Pre-Application Consultation (PAC) meeting with the city has been held; representatives from every relevant discipline were present (planning, zoning, engineering, landscape, fire, etc) and they confirmed the site plan is feasible & compliant with current zoning & regulations. Sold land comps: $50k per (mostly 1 bedroom) unit. Active land comps: $58k-$101k per (mostly 1 bedroom) unit. Two bedroom units generally rent for around 30% more than one bedroom units; land buildable for two bedroom units is generally valued around 30% more than land buildable for one bedroom units. 3/2 house comps: $499k-$679k active, $410k-$580k sold. Subject property is a 3/2 house + 8 (2 bedroom) units of buildable land; market value ~$900k. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. Build cost:~$1.3M-$1.5M. All in:~$2M. Projected value:$3M+ = ~$1M instant equity. Potential ~10% cap. Seller will finance. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information.

2531 Pierce Street, Hollywood

$425,000

Attention investors & developers! Rare opportunity in Hollywood with zoning allowing construction up to 55 feet high—ideal for maximizing redevelopment potential. Existing home features 2 bedrooms, 1 remodeled bathroom, remodeled kitchen with granite tops and stainless steel appliances, and a large backyard with plenty of space to expand, rent, or hold. Even more upside with 2124 Taylor St also available—purchase both as a package to create a larger footprint and significantly increase development options. Centrally located near major highways, shopping, dining, and just minutes from the beach. Strong demand area with ongoing growth—opportunities like this are limited!

2 Beds ⋅ 1 Baths ⋅ B26025796 MLS ⋅ Hollywood Little Ran BLDG.

Attention investors & developers! Rare opportunity in Hollywood with zoning allowing construction up to 55 feet high—ideal for maximizing redevelopment potential. Existing home features 2 bedrooms, 1 remodeled bathroom, remodeled kitchen with granite tops and stainless steel appliances, and a large backyard with plenty of space to expand, rent, or hold. Even more upside with 2124 Taylor St also available—purchase both as a package to create a larger footprint and significantly increase development options. Centrally located near major highways, shopping, dining, and just minutes from the beach. Strong demand area with ongoing growth—opportunities like this are limited!

2120 Taylor Street, Hollywood

$375,000

Beautifully remodeled home located in a prime location. With a brand new AC condenser. This move-in-ready property features stylish upgrades throughout and offers a great-sized backyard perfect for entertaining, relaxing, or future additions. The spacious side areas provide ample room for parking multiple vehicles, a small boat, or extra storage. A rare combination of modern comfort, outdoor space, and versatility, all in an excellent location close to shopping, dining, and major roads.

3 Beds ⋅ 2 Baths ⋅ F10545672 MLS

Beautifully remodeled home located in a prime location. With a brand new AC condenser. This move-in-ready property features stylish upgrades throughout and offers a great-sized backyard perfect for entertaining, relaxing, or future additions. The spacious side areas provide ample room for parking multiple vehicles, a small boat, or extra storage. A rare combination of modern comfort, outdoor space, and versatility, all in an excellent location close to shopping, dining, and major roads.

521 S 24th Avenue, Hollywood