1323 N June St
Los Angeles,CA 90038
766 SF Single Family with Detached Guest House on an RD1.5 Lot
Sold w/ RTI Plans to Leverage Upside in Prime Hollywood
ASKING PRICE | $1,498,000
1 Bed + 1 Bath
Sold with RTI Plans | Furnished
We are excited to present the opportunity to purchase 1323 N June St, a 766 SF 1-bedroom, 1-bathroom completely furnished single family home with a detached studio-style guest house and a spacious backyard nestled on a charming residential street in the heart of Hollywood.
The sale of this property comes complete with ready-to-issue (RTI) plans to renovate and convert the existing house from a 1-bedroom, 1-bathroom to a 4-bedroom, 3-bathroom with 622 added square feet (the detached guest house would be demolished). Furthermore, another set of RTI plans that comes with the sale calls for the erection of an infill development behind the main house composed of three units: two 1,684 SF 4-bedroom, 3-bathroom townhomes and one 1,479 SF 3-bedroom, 2-bathroom ADU.
This strategic investment offers significant growth potential in a flourishing community with enormous upside. The surrounding neighborhood is a vibrant blend of cultural diversity, offering a dynamic mix of residential and commercial properties primarily in the entertainment industry such as Paramount Pictures, Viacom, and the growing Netflix campus. It boasts strong connectivity with excellent public transportation links and proximity to key amenities like schools, hospitals, parks, and the bustling retail district just north of the site spanning the Hollywood Walk of Fame.
There is an opportunity to purchase 2 more adjacent lots at 1325 and 1331 N June St as a package from the same owner. All 3 lots are on the market. Click below to view the OM for the 3-lot assemblage.