3236 Velma Drive, Los Angeles, CA 90068

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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!


Interior Features

Laundry Information
Location(s) See Remarks
Kitchen Information
Features Tile Counters, None
Bedroom Information
Bedrooms 2
Bathroom Information
Features Dual Sinks
Bathrooms 1
Flooring Information
Material Carpet, See Remarks, Wood
Interior Information
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 None

Listing Information

Address 3236 Velma Drive
City Los Angeles
State CA
Zip 90068
County Los Angeles
Listing Agent Parastou Asadian DRE #01913000
Courtesy Of Equity Union
List Price $1,199,500
Status Active Under Contract
Type Residential
Subtype Single Family Residence
Structure Size 1,084
Lot Size 12,136
Year Built 1938

Listing information courtesy of: Parastou Asadian, Equity Union. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 7th, 2024 at 8:48 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.