5050 Bakman Ave
North Hollywood, CA 91601
NoHo Arts District Development Land · Land For Sale
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0.26 AC
Property Facts
| Property Type | Land | Total Lot Size | 0.26 AC |
| Property Subtype | Residential | No. Stories | 1 |
| Proposed Use | Apartment Units | ||
| Zoning | LAR4-1 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.26 AC |
| No. Stories | 1 |
| Zoning | LAR4-1 |
Description
Located on Bakman Avenue in North Hollywood, California, this residential development opportunity offers ±11,250 square feet of land in a High Medium Density CRA location. Currently serving as a six unit apartment complex, this asset will offer a slight income for a potential developer while seeking permit approval. North Hollywood has undergone a huge boom in development within the past five years. With flagship developments such as NoHo West and the Metro Station, tenants and young professionals have flocked to this media adjacent neighborhood. The site currently sits South of Magnolia Boulevard and West of Lankershim Boulevard, this development opportunity is near restaurants, retailers, and new businesses that are betting on the future of the NoHo Arts District.
Property Taxes
| Parcel Number | 2353-013-013 | Improvements Assessment | $14,000,000 |
| Land Assessment | $1,952,156 | Total Assessment | $15,952,156 |
Property Taxes
