Alden Manor, 1841 Mayo St

Beds
0.38
Acre
$3,157,895
$/Acre
Premium Land
This development opportunity consists of two adjacent lots at 1841 and 1847 Mayo Street in Hollywood, offering a combined 16,377-square-foot development site currently generating approximately $4,000 per month in rental income. The property is zoned for high-intensity multifamily use and presents the potential to develop up to 32 residential units, with a proposed mix of four studios, 14 one-bedroom units, and 14 two-bedroom units. Located in a rapidly growing Hollywood market with strong rental demand, the property offers an attractive opportunity for developers and investors seeking to capitalize on continued area growth. Both properties are currently tenant-occupied on month-to-month leases, providing immediate rental income while maintaining flexibility for future redevelopment.
MLS Number: A12072959
On Site: 30 Days
Updated: 30 Days ago
Page Views: 0

Features

All features
  • Property SqFt: 16377
  • Remarks: This development opportunity consists of two adjacent lots at 1841 and 1847 Mayo Street in Hollywood, offering a combined 16, 377-square-foot development site currently generating approximately $4, 000 per month in rental income. The property is zoned for high-intensity multifamily use and presents the potential to develop up to 32 residential units, with a proposed mix of four studios, 14 one-bedroom units, and 14 two-bedroom units. Located in a rapidly growing Hollywood market with strong rental demand, the property offers an attractive opportunity for developers and investors seeking to capitalize on continued area growth. Both properties are currently tenant-occupied on month-to-month leases, providing immediate rental income while maintaining flexibility for future redevelopment.
  • Internet Remarks: This development opportunity consists of two adjacent lots at 1841 and 1847 Mayo Street in Hollywood, offering a combined 16, 377-square-foot development site currently generating approximately $4, 000 per month in rental income. The property is zoned for high-intensity multifamily use and presents the potential to develop up to 32 residential units, with a proposed mix of four studios, 14 one-bedroom units, and 14 two-bedroom units. Located in a rapidly growing Hollywood market with strong rental demand, the property offers an attractive opportunity for developers and investors seeking to capitalize on continued area growth. Both properties are currently tenant-occupied on month-to-month leases, providing immediate rental income while maintaining flexibility for future redevelopment.
  • Waterfront: No info
  • Directions: North
  • Days on Market: 1
  • Office Name: Worth International Realty, Inc
  • Area: 16377
  • Taxes: 7329
  • Tax Year: 2025
  • Listing Date: 2026-08-17T19:19:51.000-00:00
  • Lot Size Square Feet: 16377

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Price History

Date
Event
Price
Change
Price Per
08/17/2026
Listed
$1.2M
 
$73 ft2
$789 m2
08/17/2026
$1.2M
Event
Listed
Price Per
$73 ft2
$789 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Teresa RiosWorth International Realty, Inc • Buyer Agency Compensation .

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Scores

Walk Score®
Very Walkable. Most errands can be accomplished on foot
87

100
Transit Score®
Some Transit. A few nearby public transportation options
42

100
Bike Score®
Bikeable. Some bike infrastructure
69

100
Sound Score®
Very loud
68

100
Airport Score
Close to airports. Noticeable airport activity
0

100
Traffic Score
Congested area. Frequent traffic delays
38

100
Local Score
Limited local amenities nearby
3

100
Community Snapshot
2 – 4 BR
Bedrooms
$580K – $1.2M
Price Tier
1,003 - 1,613
SqFt Range
1949
Year Build

Hollywood
Premium
Premium Homes & Condos