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Land For Sale • 0.19 AC
Rare RTI development opportunity in the highly desirable North Hollywood's Arts District, Shovel ready opportunity - Ownership will deliver with permits ready to issue upon payment of fees. The property consists of an 8,109 SF flat LAR3 lot (Tier 3 TOC) with 60’ frontage and 135’ depth. SB-8 exempt. Approved plans for a 4-story, 16,491 Rentable SF apartment building featuring: • 7 one-bedroom / one-bath units (725–825 SF) • 7 large one-bedroom / two-bath units (approx. 970 SF) • 1 large two-bedroom / two-bath unit (approx. 1,000 SF) Unit layouts allow potential conversion of open areas into additional bedroom/den space, enhancing rental upside. Plans include 17 on-site parking spaces. ________________________________________
| Ready-to-issue permits for a 16-unit multi-family development included in sale. |
| Approved plans maximize rentable square footage for a strong income-producing asset. |
| Located within the highly desirable North Hollywood Arts District near retail, dining, and entertainment. |
| Immediate freeway access to US-101 and SR-134, connecting to major Los Angeles employment hubs. |
| Close to Universal/Studio City Metro Station for seamless public transit options. |
| Tier 3 TOC lot supports added density for future multifamily growth potential. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 8 min | - | 3.3 mi |
| Downtown Burbank (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 9 min | - | 3.6 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 9 min | - | 3.5 mi |
| Los Angeles International | 36 min | - | 24.8 mi |
| Long Beach (Daugherty Field) | 49 min | - | 35.9 mi |
Vahik Beglarian
Coldwell Banker Hallmark Realty
Vahik Beglarian
Coldwell Banker Hallmark Realty
