Attention ALL Builders and Investors - Rare opportunity for development on large 7,040 (50'x140.5') sq ft lot, RD1.5. Highly coveted Hollywood location on tree lined residential street - ZIMAS report shows located in State Enterprise Zone and Opportunity Zone, TOC Tier 3. Subject is two units per property tax rolls with 3 bed front house (5506) and additional rear 1 +1 (5506 1/2) unit built over the 2 car detached garage. Units are individually metered for electricity, gas and water. Property can be delivered vacant to new owner. Located in close proximity to Larchmont Village, Paramount Studios, 101 freeway ramps, Melrose Ave, downtown LA and new developments. Hollywood is Happening! Subject property is being sold in its present AS IS/WHERE IS condition.