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Daina Burness

North Hollywood CA Real Estate & Land for Sale

2 Properties Found

The median home value in North Hollywood, CA is $849,500. This is higher than the county median home value of $790,000. The national median home value is $308,980. The average price of homes sold in North Hollywood, CA is $849,500. Approximately 45.51% of North Hollywood homes are owned, compared to 47.38% rented, while 5.3% are vacant. North Hollywood real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact North Hollywood real estate agent to arrange a tour today!
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Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24391191
Type:
Land
Lot size:
0.22 Acres
Listing Agent: Neema Ahadian - Marcus & Millichap
View additional info

12801 Barbara Ann St, located just south of Sherman Wayin the Valley Glen neighborhood of North Hollywood. The 9,433 SF lot willbe delivered fully entitled for 66 income-restricted housing units with noparking required. The project's central Valley location and proximity to major employmenthubs and the Hollywood Burbank Airport are prime for a high velocityworkforce housing lease up strategy, allowing a mission driven developerthe opportunity to support the missing middle segment given the project'sdiscount to surrounding market rents. Plans call for an efficient five story project, utilizing an all-wood Type IIIAconstruction. The lot currently consists of a single-family residence that willbe delivered vacant at the close of escrow, allowing a developer to breakground immediately. The finished project totals 28,774 SF and has a desirable unit mix of 65 singles(280-360 SF) and one three-bedroom (681 SF), allowing a developer to collectrents above $5 per SF. The lot is offered at a low $37,121 per buildable unit, allowing a privately fundeddeveloper the opportunity to develop a high yielding project and capture astrong return on cost with zero tax credits or government subsidies. The project also offers the unique opportunity to purchase an ED-1 projectin a qualified opportunity zone, taking advantage of potential tax benefitsincluding potential elimination of capital gains tax, greatly enhancing projectreturns. The project is located just west of the 170 Freeway accessible via ShermanWay and provides convenient access to most major neighborhoodsthroughout the Valley. The central location allows for an easy commute tonearby neighborhoods such as Sherman Oaks, Studio City, Panorama City,and Sun Valley, among others; the site is also close proximity to three metrolocal line bus stops on Sherman Way. Located in a densely populated, infill submarket of Los Angeles, the projectbenefits from retail amenities along Sherman Way & Coldwater Canyon Ave.The project is in close proximity to schools within a half mile, including JamesMadison Middle School and Coldwater Canyon Ave Elementary School.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24366451
Type:
Land
Lot size:
0.14 Acres
Listing Agent: Karl Markarian - JohnHart Corp.
View additional info

Presenting an exceptional vacant land opportunity nestled in North Hollywood! This expansive lot spans 6,041 square feet and is ideally situated at the end of a tranquil cul-de-sac. Equipped with a septic tank system, this lot holds immense potential for the construction of multi-unit dwellings. Prospective buyers are encouraged to verify building allowances with the City and conduct their own due diligence. Don't miss out on this prime investment opportunity in a sought-after location!

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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Based on information from CRISNet MLS as of 6/15/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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