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10821 Magnolia Blvd

North Hollywood, CA 91601
  • $5,500,000
  • STATUS: Active
  • ON SITE: 190 Days
  • ID#: 21-736384
UPDATED: 52 min ago
$5,500,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

We are pleased to present Magnolia & Harmony, a premier shovel ready multifamily development opportunity located in the highly sought after NoHo Arts District in prime North Hollywood, CA. This unique development opportunity is currently comprised of two office buildings and a vacant lot positioned on 16,399 total square feet of land zoned LAC4-1-CA. The site is also located in a Qualified Opportunity Zone, yielding major long term tax benefits for a potential buyer / developer. The owner has received full entitlements, permits issued and paid. This rare opportunity allows for a new developer to acquire, obtain construction financing and build while saving approximately 2 - 3 years of time.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-02T19:43:31.31. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.lahomedeals.com/homes/117571961
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10821 Magnolia Blvd North Hollywood, CA 91601

  • Price: $5,500,000
  • Status: Active
  • On Site: 190 Days
  • Updated: 52 min ago
  • ID#: 21-736384
0
Beds
0
Baths
0
½ Baths
0.13
Acres
Neighborhood:
North Hollywood
County:
Los Angeles
Area:
North Hollywood
Property Description
We are pleased to present Magnolia & Harmony, a premier shovel ready multifamily development opportunity located in the highly sought after NoHo Arts District in prime North Hollywood, CA. This unique development opportunity is currently comprised of two office buildings and a vacant lot positioned on 16,399 total square feet of land zoned LAC4-1-CA. The site is also located in a Qualified Opportunity Zone, yielding major long term tax benefits for a potential buyer / developer. The owner has received full entitlements, permits issued and paid. This rare opportunity allows for a new developer to acquire, obtain construction financing and build while saving approximately 2 - 3 years of time.
Exterior Features

Lot Size Area 5522 View Description None View YN No

Property Features

Cable YN No Sale Type Standard Source Lot Size Area Vendor Enhanced Zoning Lac4

Listing provided courtesy of Jeffrey Louks DRE#00908473 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-02T19:43:31.31. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The Bobnes Group Real Estate | eXp Realty
3512 Magnolia Blvd
Burbank CA, 91505