1116 N Gower St Los Angeles, CA 90038
Hollywood NeighborhoodEstimated payment $9,275/month
Total Views
212
--
Bed
3
Baths
--
Sq Ft
--
Price per Sq Ft
About This Home
Compass is pleased to present 1116 N Gower Street, a prime repositioning and development opportunity located in the heart of Hollywood. The existing 2,040-square-foot triplex includes two 2-bedroom units, and one 1-bedroom unit situated on a 6,500-square-foot lot. The adjacent property at 1110 N Gower Street is also available for sale, creating a rare offering of 13,000 total SF of contiguous land for redevelopment for various types of housing, including affordable housing. Delivered vacant at close of escrow, the property enables an owner-user/investor to remodel and lease-up the existing 3-unit building as well as construct two (2) ADU's in the rear (buyer to verify). The property's location benefits from the latest Hollywood Community Plan Update, with C2 zoning, allowing for a variety of development opportunities including residential, mixed-use, and commercial. This is a rare opportunity to acquire a vacant triplex, and optionally a sizable development site in one of Los Angeles' most iconic and evolving neighborhoods.The property is ideally located just north of the intersection of Santa Monica Blvd and Gower Street, near iconic landmarks including Sunset Gower Studios, Paramount Studios, The Hollywood Walk of Fame, and the iconic Hollywood Bowl. The location benefits from high visibility, with both increased pedestrian and vehicle traffic and excellent accessibility. The immediate access to the 101 Freeway, multiple Metro lines, and major east-west corridors, embeds this site in a transit-rich area supported by both residential and commercial activity.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,743
Lot Details
- 6,504 Sq Ft Lot
Home Design
- Triplex
Interior Spaces
- 3 Bathrooms
- 2-Story Property
Parking
- 8 Parking Spaces
- Uncovered Parking
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 5534-016-015
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,743 | $1,122,000 | $1,106,700 | $15,300 |
| 2024 | $13,743 | $1,100,000 | $1,085,000 | $15,000 |
| 2023 | $21,769 | $1,769,131 | $1,758,410 | $10,721 |
| 2022 | $20,764 | $1,734,443 | $1,723,932 | $10,511 |
| 2021 | $20,514 | $1,700,435 | $1,690,130 | $10,305 |
| 2019 | $19,904 | $1,650,000 | $1,640,000 | $10,000 |
| 2018 | $2,607 | $186,134 | $145,994 | $40,140 |
| 2016 | $2,483 | $178,908 | $140,326 | $38,582 |
| 2015 | $2,451 | $176,222 | $138,219 | $38,003 |
| 2014 | $2,481 | $172,771 | $135,512 | $37,259 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/25/2025 08/25/25 | For Sale | $2,995,000 | +100.3% | -- |
| 08/25/2025 08/25/25 | For Sale | $1,495,000 | -- | -- |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,200,000 | Western Resources Title | |
| Grant Deed | $2,500,000 | First American Title Insurance | |
| Grant Deed | $3,300,000 | Chicago Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Investors Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $43,000 | Southland Title Corporation | |
| Grant Deed | $42,500 | Southland Title Corporation | |
| Grant Deed | $42,500 | Southland Title Corporation |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $2,075,000 | Commercial | |
| Previous Owner | $7,000,000 | Commercial | |
| Previous Owner | $7,000,000 | Commercial | |
| Previous Owner | $305,800 | New Conventional |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: The MLS
MLS Number: 25583865
APN: 5534-016-015
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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