North Hollywood CA Real Estate & Land for Sale

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 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 coming soon!) and less than 2 miles from the NOHO ARTS district!! (Magnolia & Lankershim) Take advantage of a "ready to go" project and avoid the lengthy and costly entitlement process!!! The site also lies within a qualified Opportunity Zone = potential for future tax savings! Seller has already paid the new building permit fee of ~$75,000, saving a builder time and money. Current improvements include a duplex occupied by a single tenant paying $2,780/month. 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 its residents. Contact listing agent for more details! Do not disturb current occupant.

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 RD1.5and RD2. The properties provides an opportunity for a developer to acquire 2 lots located back to back from Beck Ave to Camellia Ave. Adeveloper 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 inthe area. This wonderful pocket of North Hollywood is close to the dining and shopping. Very easy access to the 170, 101 and 134 freeways MetroNorth 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.

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.