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- LoopNet Team
5614 Fulcher Ave
North Hollywood, CA 91601
Major Reduction - Priced to Sell · Land For Sale
·
0.21 AC
INVESTMENT HIGHLIGHTS
- Approved for 36-unit apartment building
- Dense rental neighborhood
- Will be delivered RTI
- Great location just north of Burbank Boulevard and west of Vineland Avenue
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.21 AC |
| Property Subtype | Residential | No. Stories | 1 |
| Proposed Use | Apartment Units | ||
| Zoning | LAC2 - LAC2 - Tier 3 (TOC) - Opportunity Zone | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.21 AC |
| No. Stories | 1 |
| Zoning | LAC2 - LAC2 - Tier 3 (TOC) - Opportunity Zone |
DESCRIPTION
Colliers International’s Ghobadi Investment Team is pleased to present a redevelopment opportunity in North Hollywood, California. This project features two stories of on-grade parking (Type I-A) and five residential stories (Type III-A). Located in an Opportunity Zone, the project is approved for 36 apartment units with an excellent mix of 20 two-bedroom/two-bath units and 16 one-bedroom/one-bath units, along with 27 parking stalls. The project will be delivered RTI (Ready to Issue) prior to the close of escrow.
PROPERTY TAXES
| Parcel Number | 2337-029-005 | Improvements Assessment | $341,347 |
| Land Assessment | $1,820,524 | Total Assessment | $2,161,871 |
PROPERTY TAXES
