$499,000
Attention investors and developers! Two adjacent lots — 1928 & 1932 Dewey St —could be sold together for $800,000, totaling 10,836 sq.ft. Zoned PS-1, with potential to build 15–18 residential units across four stories with ground- floor parking (per architect). Currently improved with a duplex generating steady rental income — front unit 2BD/2BA leased at $1800/month( lease till 12/05/2026) rear unit 1BD/1BA 2100$ month to month . Ideal to hold and collect income while planning your next multifamily project. Prime Hollywood location near Downtown, cafés, and just 2 miles from the beach. Seller open to JV or full sale.
Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.
6.76% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 10, 2026.
Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.
Molina Realty
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