North Hollywood CA Real Estate & Land for Sale

For sale is a shovel ready, entitled development for a four story, 7 unit building. Additionally, the property is located in an opportunity zone where a savvy developer is possibly able to take advantage of tax benefits.

**RTI Development Opportunity** This modern 5 unit (4 + ADU) RTI project, located just outside the NoHo Arts District and Burbank adjacent, is a stunning example of contemporary design with customized floor plans. The open concept units feature U-shaped and L-shaped kitchens, as well as spacious bedrooms, many with en suite bathrooms. Three of the five units also have large balconies, providing the perfect outdoor space to relax and enjoy the SoCal weather. The property has a total of 8 parking spaces, 4 tandem spaces, making it easy for residents to come and go. The unit breakdown includes one 4 bedroom/3 bathroom unit, one 2 bedroom/1 bathroom unit, one 4 bedroom/4.5 bathroom unit, and two 4 bedroom/4 bathroom units. This property is a great choice for those seeking a development opportunity in a convenient location. The modern design and spacious units make it a desirable option for potential tenants. *Images are renderings, they do not represent the finished product*

Wonderful rare mixed use development opportunity on a major street in North Hollywood. The immediate area has many recently completed, proposed and in development residential projects. This proposed project is located on commercially zoned land in an opportunity zone with RTI in hand. Located just few short blocks from the Metro B(Red Line) station as well as the Orange Line Busway. As proposed, the project does not require rent control or income restricted units and consists of 12 one bedroom residential units with large balconies and terraces as well as 4 ground level commercial office/retail units. The project faces Cahuenga and also has rear alley access as well as 4 excess parking spaces. remainder of the permit fees are less than 71K, project is exempt from impact fee. Current owner could lease back existing property until construction. All reasonable offers shall be considered as the seller is motivated.

North Hollywood, NoHo art district!!.PRICE REDUCED 1000,000.00 FROM ORIGINAL LISTING PRICE!! This opportunity provides an investor/developer with the ability to start construction immediately and take advantage of strong rent growth and positive market momentum in a dynamic North Hollywood, NoHo art district. Please review the attached plans for 31 CONDO residential & 1 CONDO commercial, approved recorded tract map, plus 76parking spaces with the following details:Shovel ready! Building permit, grading and shoring permits are all already paid by seller.25 units 2-Bedroom/2-Bathroom units with an average unit size of 1187quare feet and6 units 1-Bedroom /1-Bathroom units with a unit size of 600 square feet.1 unit condominium commercial unit with 710 sq footALL together almost 40,000.00 square foot gross area.

Attention Investors! LARD 1.5 Lot sq ft 5,532 owner occupied no issues clearing SB8