Colliers presents the opportunity to acquire a fee-simple interest in The Hancock (the “Property” or “4680 Wilshire”), a 185,536-square-foot fully entitled, mixed-use, residential multifamily or condominium project. Nestled between the storied Fremont Place in Hancock Park and Brookside community, the 2.10-acre site is situated within one of the most prestigious and desirable neighborhoods in Los Angeles and is surrounded by iconic restaurants, shops, and entertainment venues. With approved Citywide Adaptive Reuse redevelopment plans, an investor has the opportunity to undertake a residential multifamily or condominium redevelopment without entitlement risk that would garner considerable residential demand with the newest product in the market.
Fully Entitled Residential Multifamily or Condominium Opportunity
Luxurious Hancock Park Locale
World-Class Entertainment and Cuisine
Potential Transfer Tax Mitigation Through Condo Conversion
Convenient Access to Public Transportation
Potential Tax Savings Through Charitable Contibution of Facade Conservation Easement