A rare cleared and fully assembled development site in East Hollywood — where Hollywood, Los Feliz, Silver Lake, and Koreatown converge into one of the city's densest, most walkable, and most transit-rich rental districts. The Seller has already absorbed the slow, capital-intensive early work: assembling two parcels into a single ±12,317 SF pad and completing demolition, abatement, and RSO/Ellis clearance. What remains is a clean canvas positioned to capture the substantial density now available under the City's new Citywide Housing Incentive Program (CHIP). Priced on a per-door basis and surrounded by comparable land trades to $258/SF, the site offers a developer a defensible basis in a submarket where cleared, buildable infill is genuinely scarce.