11675 OXNARD ST

NORTH HOLLYWOOD, CA, 91606

$1,429,000

$1,429,000
Active
Active
 - For Sale
property_type
Land
PRICE REDUCED! Calling all contractors, developers, and Opportunity Zone investors! We are pleased to present for sale a 9 unit RTI development opportunity in PRIME North Hollywood! Approved Plans call for a 4-story 9 unit apartment building with ON-GRADE PARKING and rooftop deck! Unit mix consists of five 2 Bedroom + four 1 Bedroom units, with 1 of the 9 units set aside for very low income, and a total of 10 parking spaces. Total Building Area is 7,510 sqft and the lot is fully FLAT. The site is situated in the heart of North Hollywood less than 1 mile from the new NOHO WEST complex (Trader Joes, Creamistry, Regal Cinemas, Nordstrom Rack & LA Fitness coming soon!) and less than 2 miles from the NOHO ARTS district!! (Magnolia & Lankershim) Take advantage of a "ready to go" project and avoid the lengthy and costly entitlement process!!! The site also lies within a qualified Opportunity Zone = potential for future tax savings! Seller has already paid new building permit fee of ~$75,000, saving a builder time and money. Current improvements include a duplex occupied by a single tenant paying $2,780/month. Do not miss this opportunity to build in the heart of North Hollywood close to all shopping, restaurants, transportation, and entertainment that NoHo has to offer its residents. Property to be sold with tenants in place. Contact listing agent for more details! Do not disturb current tenant.
MLS® ID:
22-168591
Listed:
6/15/22
Updated:
10/5/22
Coldwell Banker Realty
Barry Dantagnan

Exterior/Building Features

Lot Size
6,899 ft² lot

Other Property Details

Garage
No
Parking
N
View
Y
County
Los Angeles
Pool
No
Zoning
LAR3

Property History

Date
Event
Price
Value
9/28/22
Price Change
$1,429,000
0%
8/22/22
Price Change
$1,439,000
-3%

 

Courtesy of Daniel Shamooelian, BRC Advisors- BH

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. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/5/22

Coldwell Banker Realty
Barry Dantagnan
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