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5614 Fulcher Ave - Reduced Price: 36 Units/RTI/Opportunity Zone

0.21 Acres of Residential Land Offered at $2,590,000 in North Hollywood, CA 91601

Residential Land & Home Lots California North Hollywood 5614 Fulcher Ave, North Hollywood, CA 91601

Executive Summary

Colliers International’s Ghobadi Investment Team is pleased to present a redevelopment opportunity in North Hollywood, California. This project features two stories of on-grade parking (Type I-A) and five residential stories (Type III-A). Located in an Opportunity Zone, the project is approved for 36 apartment units with an excellent mix of 20 two-bedroom/two-bath units and 16 one-bedroom/one-bath units, along with 27 parking stalls. The project will be delivered RTI (Ready to Issue) prior to the close of escrow.
• 36-Unit Redevelopment in North Hollywood
• Will be delivered RTI (Ready to Issue)
• Type III-A (Apartments) & Type I-A (Parking Garage)
• 27 Parking Stalls
• Opportunity Zone
• 20 two-bedroom units and 16 one-bedroom units
• Net Rentable: 27,731 square feet
• Total Building Envelope: 34,317 square feet
• Located just north of Burbank Blvd. and west of Vineland Ave.
• Easy access to the 170, 101 and 134 Freeways as well as Interstate 5

Attachments

5614 Fulcher Avenue OM

Property Facts

Price $2,590,000 Property Subtype Residential
Sale Type Investment Total Lot Size 0.21 AC
No. Lots 1 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type Land
Price $2,590,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.21 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot 1

Price $2,590,000 Lot Size 0.21 AC
Price Per AC $12,225,862
Price $2,590,000
Price Per AC $12,225,862
Lot Size 0.21 AC

Opportunity Zone - 9,228 sqft - LAC2 - Tier 3 (TOC)

Description

Colliers International’s Ghobadi Investment Team is pleased to present a redevelopment opportunity in North Hollywood, California. This project features two stories of on-grade parking (Type I-A) and five residential stories (Type III-A). Located in an Opportunity Zone, the project is approved for 36 apartment units with an excellent mix of 20 two-bedroom/two-bath units and 16 one-bedroom/one-bath units, along with 27 parking stalls. The project will be delivered RTI (Ready to Issue) prior to the close of escrow.

Links

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Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
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measures access to public transit. Bike Score®
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PROPERTY TAXES

Parcel Number 2337-029-005 Improvements Assessment $328,093
Land Assessment $1,749,832 Total Assessment $2,077,925

PROPERTY TAXES

Parcel Number
2337-029-005
Land Assessment
$1,749,832
Improvements Assessment
$328,093
Total Assessment
$2,077,925

zoning

Zoning Code LAC2 (LAC2 - Tier 3 (TOC) - Opportunity Zone)
LAC2 (LAC2 - Tier 3 (TOC) - Opportunity Zone)
(818) 325-4142

  • Listing ID: 33041400

  • Date on Market: 9/3/2024

  • Last Updated:

  • Address: 5614 Fulcher Ave, North Hollywood, CA 91601

More public record information on 5614 Fulcher Ave, North Hollywood, CA 91601

The Land Property at 5614 Fulcher Ave, North Hollywood, CA 91601 is currently available For Sale. Contact Colliers for more information.

Land PROPERTIES IN NEARBY NEIGHBORHOODS

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5614 Fulcher Ave, North Hollywood, CA for sale Building Photo- Image 1 of 4
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5614 Fulcher Ave - Reduced Price: 36 Units/RTI/Opportunity Zone
(818) 325-4142 x

5614 Fulcher Ave - Reduced Price: 36 Units/RTI/Opportunity Zone

Reza Ghobadi

(818) 325-4142

(818) 325-4142

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