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- LoopNet Team
12001 Magnolia Blvd
Valley Village, CA 91607
16 Unit Development | Valley Village · Land For Sale
·
0.14 AC
INVESTMENT HIGHLIGHTS
- Build 8 Units By-Right
- Close to NoHo West Project
- Proximate to Shopping & Dining
- Build 16 Units with Tier 3 TOC
- Dense Rental Market
- Walk Score of 87
PROPERTY FACTS
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Commercial | Total Lot Size | 0.14 AC |
| Zoning | LAR3-1 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.14 AC |
| Zoning | LAR3-1 |
DESCRIPTION
The LAAA Team of Marcus and Millichap is pleased to present 12001 Magnolia Boulevard located in Valley Village, California. Current improvements consist of a 3 unit building totaling 2,154 square feet of rentable area. The Site is 6,094 square feet with an additional 1,120 square feet of an alley, zoned R3-1 with TOC Tier 3. With the relocation of tenants, a developer has the opportunity to build 8 units by-right or up to 16 units with its allowable density bonus. Boasting a Walk Score of 87, the Offering is well located between North Hollywood to the North, Studio City to the South, Sherman Oaks and Encino to the West and Toluca Lake, Burbank and Glendale to the East. With the brand new NoHo West mega-development nearing completion, future tenants will be minutes from premier dining, shopping and entertainment. In addition, just 1.1 miles away is the trendy and revitalized NoHo Arts District. Public transportation is highly accessible to tenants as well. The North Hollywood Metro Station, the Valley's largest public transportation hub, which connects the Red Line and Orange Line, sits just 1.4 miles from the subject Property.
