We are pleased to present a modern 12 unit development opportunity at 10720-10724 Moorpark Street in the city of North Hollywood, NoHo Art District!. The sites, which have existing single family structures are fully approved, and permits are Ready to Issue (R.T.I). 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. With a total lot size of 9,683 sq. ft. and a total building size of approximately 11,710± square feet. Unit mix of 11 units 2+2 and 1 unit 1+1.5 units measuring approximately between 750± and 1250± square feet. The Subject Property is within a few short miles of the NoHo West Development as well as North Hollywood Metro Station Development. The location is minutes from the freeway and the path of public transportation. North Hollywood is a major region of the San Fernando valley area with many new developments and business opportunities. This location lies within the IRS Tax Incentive Opportunity Zone. All buyers and investors must conduct their own due diligence of the opportunity zone regulations and consult their respective consultants.
Courtesy of Keller Williams Realty-Studio City, Sandra Hernandez - CA BRE#
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