Building Description
Executive Summary
DEVELOPMENT OPPORTUNITY! Two adjacent lots at 1841 & 1847 Mayo Street are being sold together, offering a combined 16,377 SF development site currently generating approximately $4,000 per month in rental income. Located in the rapidly growing Hollywood market, the property is zoned for high-intensity multifamily use and provides the potential to develop up to 32 residential units, with a proposed mix of 4 studios, 14 one-bedroom units, and 14 two-bedroom units. With strong rental demand in the area, this property presents an excellent opportunity for developers and investors seeking to capitalize on Hollywood’s continued growth. Both properties are currently tenant-occupied on month-to-month leases, providing immediate income while offering flexibility for future redevelopment plans.
