7551 Laurel Canyon Blvd - 7551 Laurel Canyon Blvd
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7551 Laurel Canyon Blvd - 7551 Laurel Canyon Blvd
0.64 Acres of Commercial Land Offered at $3,600,000 in North Hollywood, CA 91605
Investment Highlights
- +/- 27,914 SF Parcel in North Hollywood - Over 100 Feet of Frontage on Laurel Canyon Blvd
- Easy Access to 170 Freeway and Hollywood/Burbank Airport
- Unique Opportunity to Acquire a Significantly Sized Development Site
- In-Place Income (Tenant and Billboard) - Both Month to Month
Executive Summary
IREA is pleased to present a prime San Fernando Valley development site zoned C2-1VL and P1 on heavily trafficked Laurel Canyon Blvd. The location features easy access to the 170 freeway and Hollywood/Burbank Airport, and is down the street from the brand new NOHO West mixed-use development. The significantly sized 27,914 SF site will allow a savvy developer to acquire a large footprint in an area with significant need for standard or low income units. The property has month-to-month income in place, which is an added bonus to offset expenses during the entitlement process. 7551 Laurel Canyon Blvd would be a fantastic addition to any opportunistic developers portfolio.
Property Facts In Escrow
| Price | $3,600,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.64 AC |
| Price | $3,600,000 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.64 AC |
1 Lot Available
Lot
| Price | $3,600,000 | Lot Size | 0.64 AC |
| Price Per AC | $5,617,828 |
| Price | $3,600,000 |
| Price Per AC | $5,617,828 |
| Lot Size | 0.64 AC |
Features easy access to the 170 freeway and Hollywood/Burbank Airport.
Description
Land for commercial development.
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Walk Score ®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 2307-020-002 | Improvements Assessment | $187,272 |
| Land Assessment | $832,320 | Total Assessment | $1,019,592 |
PROPERTY TAXES
Parcel Number
2307-020-002
Land Assessment
$832,320
Improvements Assessment
$187,272
Total Assessment
$1,019,592
zoning
| Zoning Code | C2-1VL and P-1 (Commercial) |
| C2-1VL and P-1 (Commercial) |
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Jonathan Krikorian -
IREA, Inc.
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7551 Laurel Canyon Blvd - 7551 Laurel Canyon Blvd
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