4908 Tujunga Avenue, North Hollywood, CA 91601 | MLS 18388332 | Listing Information | Welcome to Real Living Premier Realty | Real Living Real Estate
Real Living Premier Realty
(951) 364-3100

4908 Tujunga Avenue,  North Hollywood CA, 91601

Status: Active
MLS#: 18388332
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Real Living Premier Realty
(951) 364-3100

Listing Provided Courtesy Of: Keller Williams Silicon Beach
Last Updated: 10/20/2018 10:43 AM
Description for 4908 Tujunga Avenue North Hollywood, CA 91601
We are pleased to present an exclusive Development Opportunity in the NoHo Arts District, a vibrant community in North Hollywood. Currently, there is a 2,097 Square Foot Triplex built in 1940 made up of three (3) one bedroom/one bath units on the parcel. All units are currently leased with Month to Month Tenants in place.This lot is approximately 6,466 Square Feet zoned LAR3 just across the street from the Valley Village Park. At $200 per Lot Square Foot along with the relocation of only 3 tenants, this parcel represents a great opportunity for a developer to build approximately 8 apartment or condo units by right in the very dense rental pockets of the NoHo Arts District and Valley Village.Savvy Developers should consider the possibility of constructing a 12 Unit building on the lot as this property is considered in a Tier 1 Transit Oriented Community in which the density of number of units may be increased by 50%. Buyers to Verify all remarks with the city.
Price
$1,295,000
LOS ANGELES
18388332
Active
Description
We are pleased to present an exclusive Development Opportunity in the NoHo Arts District, a vibrant community in North Hollywood. Currently, there is a 2,097 Square Foot Triplex built in 1940 made up of three (3) one bedroom/one bath units on the parcel. All units are currently leased with Month to Month Tenants in place.This lot is approximately 6,466 Square Feet zoned LAR3 just across the street from the Valley Village Park. At $200 per Lot Square Foot along with the relocation of only 3 tenants, this parcel represents a great opportunity for a developer to build approximately 8 apartment or condo units by right in the very dense rental pockets of the NoHo Arts District and Valley Village.Savvy Developers should consider the possibility of constructing a 12 Unit building on the lot as this property is considered in a Tier 1 Transit Oriented Community in which the density of number of units may be increased by 50%. Buyers to Verify all remarks with the city.
Listing Information
Property Type: Land
0.15 Acres OT
Neighborhood
Room Information
Driving Directions
Southeast of the intersection of Magnolia Blvd and Vineland Ave
Financial Considerations
2353015010
Listing Price History

North Hollywood Real Estate

North Hollywood is located in California.

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Courtesy: Jonathan Prakash - Keller Williams Silicon Beach
The multiple listings information is provided by The California Desert Association of REALTORS/Desert Area MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are Copyright 2018 The California Desert Association of REALTORS/Desert Area MLS. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
This content last refreshed on 10/20/2018 10:43 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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