We are pleased to present for sale an RD1.5 development opportunity located in the heart of East Hollywood! The home is situated just steps away from the Vermont/Santa Monica METRO Red Line giving the property a TOC Tier 4 designation!! Parking is NOT required for Tier 4 projects! This home is also located within a qualified opportunity zone! (potential tax incentives for new construction-buyer to verify) Lot is approximately 6258 sqft, meaning a developer can build 4 units by right or up to 7 units utilizing the new TOC regulations. Home is located less than one mile from LA City College, only 2 miles from Hollywood and Griffith Park, and just 5 miles from USC, Downtown LA, and Glendale! Close to Silver Lake, Melrose, Metro Red Line, theaters, restaurants, and all amenities! Home is in excellent condition to collect high rents while going through the lengthy entitlement process! Buyer to verify all zoning and TOC regulations with LADBS. Excellent opportunity for developer or fourplex!