We are pleased to present for sale a RD 1.5 development opportunity located in North Hollywood! Lot size is approximately 7,900 sqft meaning a developer can build 5 units/townhomes by right! Current improvement on the lot is a Single Family Residence = no dealing with Rent Control or low income units! Property is also located within an OPPORTUNITY ZONE with potential for tax incentives!! The site is located within close proximity to all the shopping and transportation (170 freeway) that North Hollywood has to offer its residents. Lots of new development in the area, a 26 unit new construction project recently completed down the block! Do not miss this opportunity to build in a high rental demand area of North Hollywood. Contact listing agent for more details! Home to be sold As-Is and for land value only. Buyer to verify all zoning with LADBS. Picture of townhomes in photos section is only a rendering.
Courtesy of BRC Advisors- BH, Daniel Shamooelian - Agent DRE# 01984269
Based on information from CRISNet MLS as of . 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.