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7641 N Hollywood Way

0.15 Acres of Commercial Land Offered at $1,450,000 in Burbank, CA 91505

Commercial Land California Burbank 7641 N Hollywood Way, Burbank, CA 91505

Investment Highlights

  • RTI (shovel ready project)
  • 100% Affordable Project
  • Close proximity to the I-5
  • Cost-effective 3 Story On Grade Project
  • Located in Burbank CA

Executive Summary

Price Reduction $150,000: 17 unit project located in Burbank CA. The site will be delivered to buyer RTI (a shovel ready project) The plans are for a 100% affordable apartment building consisting of 15 1Bed + 1 Bath units and 2 Studios. The project is only 3 stories high with on grade construction, delivering a Cost-effective and easy to build project.

Property Facts

Price $1,450,000 Property Subtype Commercial
Sale Type Investment Proposed Use
Apartment Units
  • Apartment Units - Subsidized
No. Lots 1 Total Lot Size 0.15 AC
Property Type Land 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.
Price $1,450,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Apartment Units
  • Apartment Units - Subsidized
Total Lot Size 0.15 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 $1,450,000 Lot Size 0.15 AC
Price Per AC $9,666,667
Price $1,450,000
Price Per AC $9,666,667
Lot Size 0.15 AC

.15 acre lot

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zoning

Zoning Code LAR-3 (Restricted Density Multiple Dwelling - One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations)
LAR-3 (Restricted Density Multiple Dwelling - One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations)
(310) 422-8052

Contact

  • Listing ID: 32004192

  • Date on Market: 6/3/2024

  • Last Updated:

  • Address: 7641 N Hollywood Way, Burbank, CA 91505

More public record information on 7641 N Hollywood Way, Burbank, CA 91505

The Land Property at 7641 N Hollywood Way, Burbank, CA 91505 is currently available for sale. Contact Marcus & Millichap for more information.

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7641 N Hollywood Way
(310) 422-8052 x

7641 N Hollywood Way

Jon Emrani

(310) 422-8052

(310) 422-8052

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