5022 Cahuenga Blvd
North Hollywood, CA 91601
Land For Sale
·
0.16 AC
Investment Highlights
- Huge (6,999 SF) flat lot, ideal for a new construction project! Ideal lot dimensions of 50’ x 140’
- Unheard-of low price for a TOLUCA LAKE lot!!! This prestigious, star-studded neighborhood rarely has land inventory- and when it comes it moves fast!
- Ideal lot for a fourplex or fourplex + ADU. LARD1.5 zoning!
- Outstanding projected exit price of $3,100,000-$3,600,000 depending on what you build!
- No rent control on the future project! No relocations needed!
- Unbeatable Toluca Lake location walking distance to an unlimited supply of restaurants, shops, businesses and more.
Property Facts
| Property Type | Land | Total Lot Size | 0.16 AC |
| Property Subtype | Residential | No. Stories | 1 |
| Proposed Use | Apartment Units | ||
| Zoning | LARD1.5 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.16 AC |
| No. Stories | 1 |
| Zoning | LARD1.5 |
Description
Developers, here is your next opportunity to build a new construction fourplex or fourplex + ADU! 5022 Cahuenga Blvd is a single family residence located on an enormous (6,999 SF) flat lot in prestigious Toluca Lake, moments from the NoHo Arts District! This land is as rare as they come, and at $1,095,000 it’ll move fast. From the unbeatable Toluca Lake location (star-studded area near the studios) to the large lot size to the lack of rent control on the future building, we predict that a new construction project on this lot will go for $3,100,000 on the low end. With the ADU potential, we expect $3,600,000. Please feel free to reach out to our team with any questions in regard to future value projections. We’re here to provide input and suggestions!
Property Taxes
| Parcel Number | 2419-018-008 | Improvements Assessment | $246,574 |
| Land Assessment | $955,087 | Total Assessment | $1,201,661 |
Property Taxes
