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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
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
Price Per AC $13,076,682
Lot Size 0.17 AC
Walk Score ®
Walker's Paradise (95)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

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)
  • Listing ID: 31644417

  • Date on Market: 4/29/2024

  • Last Updated:

  • Address: 11319 McCormick St, North Hollywood, CA 91601

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