We are pleased to present a rare combination of 2 lots of approximately 13,501 sq ft. The sites consists of 2 separate parcels that are zoned RD1.5 and RD2. The properties provides an opportunity for a developer to acquire 2 lots located back to back from Beck Ave to Camellia Ave. A developer may consider a small lot subdivision to construct 7 market-rate single-family homes in North Hollywood (Buyer to verify). There is limited competition with very few active single-family developments in the Valley. Similar new construction homes are selling as high as $850,000 or more in the area. This wonderful pocket of North Hollywood is close to the dining and shopping. Very easy access to the 170, 101 and 134 freeways Metro North Hollywood Red Line and Metro Orange Line. Located in an opportunity zone, a savvy developer can take advantage of possible tax benefits. Existing improvements consist of 4 units on Beck Ave and 3 units on Camellia Ave, both properties must be sold together. The properties are fully occupied with in place income of $136,560.
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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