11319 McCormick St
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11319 McCormick St
0.17 Acres of Residential Land Offered at $2,250,000 in North Hollywood, CA 91601
Investment Highlights
- Delivered Shovel Ready
- Excellent North Hollywood Location
- Alley Access
- On Grade Construction
- Located in a Qualified Opportunity Zone
- Market Rate Units Which Include 4 ELI Units
Executive Summary
Marcus & Millichap is pleased to present a Market Rate 5 story (on grade: no parking) 36 unit multifamily project located in prime North Hollywood market. The proposed development can be delivered RTI (shovel ready) including MEP’s. The current tri-plex structure can be delivered Vacant without any tenants to relocate or pay. The plans call for 35 Units + 1 Manager Unit. The unit mix consists of 9: Studios, 24: 1 Beds and 2: 2 Beds. Four of the units are designated for ELI rents. The project has alley access and is located in a qualified opportunity zone.
Property Facts
Price | $2,250,000 | Property Type | Land |
Sale Type | Investment | Property Subtype | Residential |
Sale Conditions | High Vacancy Property | Total Lot Size | 0.17 AC |
No. Lots | 1 | Opportunity Zone |
Yes
|
Price | $2,250,000 |
Sale Type | Investment |
Sale Conditions | High Vacancy Property |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Residential |
Total Lot Size | 0.17 AC |
Opportunity Zone |
Yes |
1 Lot Available
Lot 1
Price | $2,250,000 | Lot Size | 0.17 AC |
Price Per AC | $13,076,682 |
Price | $2,250,000 |
Price Per AC | $13,076,682 |
Lot Size | 0.17 AC |
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Walk Score ®
Walker's Paradise (95)
zoning
Zoning Code | LAC4 (Triplex - 0300 - Three Units (Any Combination) - 4 Stories Or Less) |
LAC4 (Triplex - 0300 - Three Units (Any Combination) - 4 Stories Or Less) |
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11319 McCormick St
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