Log In/Sign Up
Your email has been sent.
6833 Simpson Ave - Redev - OppZone - 7,905SF - 60x131 - $146PPSF 0.18 Acres of Residential Land Offered at $1,150,000 in North Hollywood, CA 91605
INVESTMENT HIGHLIGHTS
- Entitled for 48 Affordable Units - NOT RTI
- Opportunity Zone
- High Quality Transit Corridor w/in Half Mile - Transit Oriented Incentive Area 1
- Build Market Rate with ADUs, Low Income, Etc
- Minutes from Burbank Airport and NoHo Arts District
- Low Medium II Residential General Plan
EXECUTIVE SUMMARY
PartnersCRE is proud to present for sale a redevelopment opportunity in the North Hollywood area near Burbank Airport.
Boasting 7,905 SF of land with 60 feet of frontage, this RD1.5 Tier 2 TOC lot comes with Entitlements for 48 Affordable Units, which can be provided as they currently are, in their early stage of submittal and design.
The property features an Ellis’d vacant duplex, situated in a Low Medium II Residential General Plan area, in an Opportunity Zone (QOZ), benefitting from a High Quality Transit Corridor within half a mile, and from a Transit Oriented Incentive Area (TOIA) 1.
Utilize the duplex for conventional financing, while renting it out short term while designing the perfect project with the new rules allowing you to maximize what can be built on site, or focus on market rate units with some low income offerings, adding ADUs and blending into the neighborhood!
Just north of the NoHo Arts District, with easy access to the Airport and the concentration of jobs in the area, the 170 freeway, the new NoHo West, markets, nightlife and just about anything that your future tenants may be looking for, the area has seen a tremendous rebirth over the last two decades.
The existing Project will not be delivered RTI, but with today’s streamlined submittal process, get ready to break ground in no time at all with the existing Project or a brand new design!
Boasting 7,905 SF of land with 60 feet of frontage, this RD1.5 Tier 2 TOC lot comes with Entitlements for 48 Affordable Units, which can be provided as they currently are, in their early stage of submittal and design.
The property features an Ellis’d vacant duplex, situated in a Low Medium II Residential General Plan area, in an Opportunity Zone (QOZ), benefitting from a High Quality Transit Corridor within half a mile, and from a Transit Oriented Incentive Area (TOIA) 1.
Utilize the duplex for conventional financing, while renting it out short term while designing the perfect project with the new rules allowing you to maximize what can be built on site, or focus on market rate units with some low income offerings, adding ADUs and blending into the neighborhood!
Just north of the NoHo Arts District, with easy access to the Airport and the concentration of jobs in the area, the 170 freeway, the new NoHo West, markets, nightlife and just about anything that your future tenants may be looking for, the area has seen a tremendous rebirth over the last two decades.
The existing Project will not be delivered RTI, but with today’s streamlined submittal process, get ready to break ground in no time at all with the existing Project or a brand new design!
PROPERTY FACTS
| Price | $1,150,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.18 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | RD1.5 - RD1.5 Tier 2 TOC | ||
| Price | $1,150,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.18 AC |
| Opportunity Zone |
Yes |
| Zoning | RD1.5 - RD1.5 Tier 2 TOC |
1 LOT AVAILABLE
Lot
| Price | $1,150,000 | Lot Size | 0.18 AC |
| Price Per AC | $6,389,527.84 |
| Price | $1,150,000 |
| Price Per AC | $6,389,527.84 |
| Lot Size | 0.18 AC |
1 1
Walk Score®
Very Walkable (79)
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
6833 Simpson Ave - Redev - OppZone - 7,905SF - 60x131 - $146PPSF
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.