About This Property

This development opportunity consists of two adjacent lots at 1841 and 1847 Mayo Street in Hollywood, offering a combined 16,377-square-foot development site currently generating approximately $4,000 per month in rental income. The property is zoned for high-intensity multifamily use and presents the potential to develop up to 32 residential units, with a proposed mix of four studios, 14 one-bedroom units, and 14 two-bedroom units. Located in a rapidly growing Hollywood market with strong rental demand, the property offers an attractive opportunity for developers and investors seeking to capitalize on continued area growth. Both properties are currently tenant-occupied on month-to-month leases, providing immediate rental income while maintaining flexibility for future redevelopment.

Key Features

• 16,377 sq ft Lot

Property Details

• Type: Single Family Home
• Lot Size: 16,377 sq ft
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 16,377 sq ft Lot
• Status: Active
• MLS Number: 1182403046
• Days on Market: 73
• Listed By: Worth International Realty, Inc · Teresa Rios
• Zip Code: 33020