Thank you
Daniel Shamooelian
Keller Williams Beverly Hills
310-432-6400
BACK ON MARKET! Calling all contractors, developers, and Opportunity Zone investors! We are pleased to present for sale a 9 unit RTI development opportunity in PRIME North Hollywood! Approved Plans call for a 4-story 9 unit apartment building with ON-GRADE PARKING and rooftop deck! Unit mix consists of five 2 Bedroom + four 1 Bedroom units, with 1 of the 9 units set aside for very low income, and a total of 10 parking spaces. Total Building Area is 7,510 sqft and the lot size of 6,898 sqft is fully FLAT. The site is situated in the heart of North Hollywood less than 1 mile from the new NOHO WEST complex (Trader Joes, Creamistry, Regal Cinemas, Nordstrom Rack & LA Fitness!!) and less than 2 miles from the NOHO ARTS district!! Take advantage of a "ready to go" project and avoid the lengthy and costly entitlement process, seller has already paid permit fees of ~$75,000!! The site also lies within a qualified Opportunity Zone = potential for future tax savings! Current improvements include a duplex that will be delivered VACANT, no dealing with tenant relocation here. Do not miss this opportunity to build in the heart of North Hollywood close to all shopping, restaurants, transportation, and entertainment that NoHo has to offer. Contact listing agent for more details!
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Total Baths: 0
Full Baths: 0
Half Baths: 0
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1584
Lot Size Dimensions: 47x145
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6901
Original List Price: 1,350,000
Listing Contract Date: 2024-05-01
Listing Agreement: Exclusive Right To Sell
Parcel Number: 2334014050
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: NHO - North Hollywood
Postal Code Plus 4: 4821
Directions: East of Colfax Ave, West of Lankershim Blvd, North of Burbank Blvd, South of Victory Blvd.
Zoning: LAR3
Source Property Type: Land
Area: NHO - North Hollywood
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
6729 Babcock Avenue, North Hollywood, CA,91606 | $888,000 | -- | -- | -- | 6224 Sqft |
6107 Tujunga Avenue, North Hollywood, CA,91606 | $1,175,000 | -- | -- | 3,520 | 5118 Sqft |
6003 Cahuenga Boulevard, North Hollywood, CA,91606 | $1,300,000 | 8 | 4 | 3,420 | 11159 Sqft |
6339 Morse Avenue #108, North Hollywood, CA,91606 | $445,000 | 2 | 2 | 912 | 278582 Sqft |
6622 Clybourn Avenue #124, North Hollywood, CA,91606 | $595,000 | 2 | 2 | 942 | 341205 Sqft |
11341 Victory Boulevard, North Hollywood, CA,91606 | $3,360,000 | 11 | -- | 7,030 | 11988 Sqft |
11662 W Verde Place, North Hollywood, CA,91606 | $899,000 | 4 | 3 | 1,858 | 1393 Sqft |
11670 Erwin Street, North Hollywood, CA,91606 | $959,000 | 4 | 2 | 1,600 | 4370 Sqft |
6662 Satsuma Avenue, North Hollywood, CA,91606 | $1,549,900 | 6 | 5 | 2,950 | 7356 Sqft |
6624 Farmdale Avenue, North Hollywood, CA,91606 | $867,000 | 3 | 2 | 1,206 | 6730 Sqft |
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ByOwner last updated this listing 05/18/2024 @ 06:29
MLS: 24384901
LISTED BY: Daniel Shamooelian, Keller Williams Beverly Hills
SOURCE: CRMLS
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.