Ikon Advisors is pleased to present 1323 N June St, a development opportunity in the heart of Hollywood offered with ready-to-issue (RTI) plans. The existing property consists of a 766 square foot, 1-bedroom, 1-bathroom single-family home, a detached studio-style guest house, and a spacious backyard situated on a charming residential street.

The sale included RTI plans for the renovation and expansion of the existing residence, converting it from a 1-bedroom, 1-bathroom home into a 4-bedroom, 3-bathroom residence with approximately 622 additional square feet. Alternatively, a second set of RTI plans provided for an infill development behind the main house consisting of two 1,684 square foot, 4-bedroom, 3-bathroom townhomes and one 1,479 square foot, 3-bedroom, 2-bathroom ADU. The proposed infill plan would require demolition of the existing detached guest house.

Located in a vibrant Hollywood neighborhood with convenient access to major entertainment employers, public transportation, retail, schools, hospitals, and parks, the property offers multiple potential development strategies. The opportunity also included the potential to acquire the two adjacent lots at 1325 and 1331 N June St from the same owner, creating the possibility for a larger three-lot assemblage. Buyer to verify all plans, permits, zoning, and development potential with the appropriate city agencies.