We are pleased to present for a sale a prime LAR3 development opportunity near the Noho Arts District of North Hollywood! This FLAT ~6,040 sqft lot offers a developer the opportunity to build 5 units by right or up to 9 units using TOC Incentives. Lot dimensions are ~ 50 by 121 sqft, zoned (Q)R3-1, TOC Tier 1, and a corner lot (optimal for design efficiency & parking access!) Perfect for a fourplex or small lot subdivision! Located within a qualified Opportunity Zone, potential for tax incentives (buyer to verify). The subject property is located less than 1 mile from the heart of the Noho Arts District, super close to shopping, bars, dining, entertainment, and transportation. Current improvements include a single family home that has been owner occupied for 20+ years, will be SB 8 EXEMPT! No dealing with rent control or tenant relocation here! Do not miss this opportunity to purchase a rare corner site near all the shopping, restaurants, transportation, and amenities that North Hollywood has to offer its tenants. Home to be sold As-Is. Contact listing agent for more details!
Based on information from California Regional Multiple Listing Service, Inc. as of May 2nd, 2024 at 7:20pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
