10921 Hesby Street, North Hollywood, CA 91601

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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

Nho - North Hollywood
Community Features
Lot Description
Level with Street, Rectangular Lot
Public Sewer

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Calculator source: Real Geeks

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

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