Description
Price reduced. Motivated seller. Wonderful rare mixed use development opportunity on a major street in North Hollywood. The immediate area has many recently completed, proposed and in development residential projects. This proposed project is located on commercially zoned land in an opportunity zone with RTI in hand. Located just few short blocks from the Metro B(Red Line) station as well as the Orange Line Busway. As proposed, the project does not require rent control or income restricted units and consists of 12 one bedroom residential units with large balconies and terraces as well as 4 ground level commercial office/retail units. The project faces Cahuenga and also has rear alley access as well as 4 excess parking spaces. remainder of the permit fees are less than 71K, project is exempt from impact fee. Current owner could lease back existing property until construction. All reasonable offers shall be considered as the seller is motivated.
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0BEDS
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0.23ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Price reduced. Motivated seller. Wonderful rare mixed use development opportunity on a major street in North Hollywood. The immediate area has many recently completed, proposed and in development residential projects. This proposed project is located on commercially zoned land in an opportunity zone with RTI in hand. Located just few short blocks from the Metro B(Red Line) station as well as the Orange Line Busway. As proposed, the project does not require rent control or income restricted units and consists of 12 one bedroom residential units with large balconies and terraces as well as 4 ground level commercial office/retail units. The project faces Cahuenga and also has rear alley access as well as 4 excess parking spaces. remainder of the permit fees are less than 71K, project is exempt from impact fee. Current owner could lease back existing property until construction. All reasonable offers shall be considered as the seller is motivated.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-06T14:32:08.733. 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 deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.