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11675 Oxnard St

North Hollywood, CA 91606
  • $1,600,000
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: 22-168591
UPDATED: 44 min ago
$1,600,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

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.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-06T08:42:57.2. 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.
www.deserthouseseekers.com/homes/129924391
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11675 Oxnard St North Hollywood, CA 91606

  • Price: $1,600,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 44 min ago
  • MLS #: 22-168591
0
Beds
0
Baths
0
½ Baths
0.16
Acres
Neighborhood:
North Hollywood
County:
Los Angeles
Area:
North Hollywood
Property Description
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.
Exterior Features

Lot Size Area 6899 View Description None View YN No

Property Features

Cable YN Yes Sale Type Standard Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Zoning Lar3

Listing provided courtesy of Daniel Shamooelian DRE#01984269 of Brc Advisors- Bh.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-06T08:42:57.2. 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.
 
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Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210