11120 Burbank Boulevard

    North Hollywood, CA 91601
    • $2,150,000
    • STATUS: Active
    • ON SITE: 200 days
    • ID#: SR18286951
    UPDATED: 100 min ago
    $2,150,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Price reduced by $50,000! In Opportunity Zone. We are pleased to present for sale a unentitled development site in the thriving, densely populated North Hollywood neighborhood. The subject is located on the corner of Burbank Blvd. and Fulcher Ave. and has two addresses at 11120 Burbank Blvd. and 5553 Fulcher Ave. Develop ~ 15 units as multifamily project. (buyer to confirm) The site is zoned C2-1 on ~ 10,342 square foot corner lot. Currently operates as 6 units and 8 offices in a mixed-use building with gross income of $132,999. North Hollywood has undergone a huge boom in development within the past few years. Multiple development projects are underway, including The Carlyle Group's 329-unit, The Weddington, Hayes Capital Management's 297-unit Lankershim & Otsego and the ambitious NoHo West project. See rent comparables range for new construction:1 Bed-1 Bath rents range of $2,115 - $3,040; 2 Bed-2 Bath rents range of $2,600 - $3,700. The submarket's desirable location is near the center of the metro and within a reasonable commuting distance of several of LA's premiere employment centers including Downtown Los Angeles, Hollywood, Woodland Hills and Beverly Hills.

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    Based on information from CARETS as of 2019-06-24T23:51:28.12. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.theparsonsrealestateteam.com/homes/89909337

    11120 Burbank Boulevard North Hollywood, CA 91601

    • Price: $2,150,000
    • Status: Active
    • Updated: 100 min ago
    • ID#: SR18286951
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    Neighborhood:
    North Hollywood (Nho)
    County:
    Los Angeles
    Area:
    North Hollywood (Nho)
    Property Description
    Price reduced by $50,000! In Opportunity Zone. We are pleased to present for sale a unentitled development site in the thriving, densely populated North Hollywood neighborhood. The subject is located on the corner of Burbank Blvd. and Fulcher Ave. and has two addresses at 11120 Burbank Blvd. and 5553 Fulcher Ave. Develop ~ 15 units as multifamily project. (buyer to confirm) The site is zoned C2-1 on ~ 10,342 square foot corner lot. Currently operates as 6 units and 8 offices in a mixed-use building with gross income of $132,999. North Hollywood has undergone a huge boom in development within the past few years. Multiple development projects are underway, including The Carlyle Group's 329-unit, The Weddington, Hayes Capital Management's 297-unit Lankershim & Otsego and the ambitious NoHo West project. See rent comparables range for new construction:1 Bed-1 Bath rents range of $2,115 - $3,040; 2 Bed-2 Bath rents range of $2,600 - $3,700. The submarket's desirable location is near the center of the metro and within a reasonable commuting distance of several of LA's premiere employment centers including Downtown Los Angeles, Hollywood, Woodland Hills and Beverly Hills.
    Exterior Features

    Distance To Water 0 Lot Description Sidewalks View No View

    Property Features

    Association Dues 0.0 Country United States Of America Hoa YN N Land Fee Lease Fee Listing Terms CashCash To New LoanConventional Special Conditions Standard Sale Units Per Acre 0-1 Unit/Acre Water PublicWater District Zoning Lac2-1/Lar4-1L

    Listing provided courtesy of Anie Mayelian DRE#00778825 of Keller Williams Encino-Sherman.


    Based on information from CARETS as of 2019-06-24T23:51:28.12. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    The Parsons Team | Keller Williams Realty
    251 S. Lake Ave #150
    Pasadena CA, 91101