11444 Vanowen St

North Hollywood, CA, 91605

$3,000,000

$3,000,000
Pending
Pending
 - For Sale
property_type
Land
We are very proud to present this extremely rare and exciting development opportunity in North Hollywood, California. The Offering sits on 17,860 square feet of land zoned C2.This development opportunity checks every box we can think of: Opportunity Zone, TOC Density Bonus, 3-lot assemblage, and a blank canvas to build up to 69 apartment units. With the C2 zoning, a multifamily developer can build up to 45 market-rate units by-right, or a developer could choose to utilize the TOC Tier 1 Density bonus and build up to 69 units. A couple of the main benefits of the TOC Tier 1 bonus is that a developer will be allowed an increased FAR and height limit, which will be 2.75-1 and 56 feet, respectively. The property is also located in an Opportunity Zone which allows a developer an array of tax advantages on both the purchase and the future exit.
MLS ID:
21-750514
Listed:
6/16/21
Updated:
10/21/21
Coldwell Banker Realty
Barry Dantagnan

Exterior/Building Features

Lot Size
0.41 acres lot

Other Property Details

Attached Garage
No
County
Los Angeles
Zoning
LAC2

Property History

Date
Event
Price
Value
8/17/21
Pending
-
-
6/19/21
Price Change
$3,000,000
-50%

 

Courtesy of Filip Niculete, Marcus & Millichap

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Barry Dantagnan shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2021 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/21/21

Coldwell Banker Realty
Barry Dantagnan
Contact Agent