10921 Hesby Street, North Hollywood, CA 91601

$1,199,000
List Price
$1,199,000
Days on Market
23
Status
ACTIVE
MLS#
SR20059715
Lot Size (Acres)
0.1333

Property Description

This site is an excellent Multi-Family Development Project in a solid location which is perfectly suited for a medium density development of multiple units. This site is situated within the Transit Oriented Communities (TOC) Tier 1 zone which allows for a 50% bonus in the number of allowed units by right, with the condition of allocating a small percentage of affordable housing. Additionally, under this revised zoning, the new parking requirement is 0.5 per bedroom, plus a menu of additional incentives for a developer such as additional height and increased FAR. Buyer to verify all incentives and requirements with the appropriate city office. Can be packaged with neighboring parcel for a combined total of 11,611 SF.

Additional Information

Area
Nho - North Hollywood
Community Features
Curbs
Lot Description
Level with Street, Rectangular Lot
View
None
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of Mills Realty of California, Simon Mills - CA BRE#

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