The subject development site offers a developer / builder with the opportunity to construct an apartment complex (tentative tract map in place) in an irreplaceable location of Toluca Lake. The development opportunity consist of a entitled five-unit apartment building with a close proximity to retail, dining, entertainment, office, and freeways. This project is ready to be issued (RTI) as structural plans have been stamped and approved. The five units consist of all three-bedrooms / three-and-one-half bathrooms. The units consist of a spacious layout with each averaging approximately 2,169 square feet. The subject development calls for one level of subterranean parking over three stories of living space. This thoughtfully planned opportunity has three levels of townhome style units. The type of construction calls for V-A over type 1-A garage. Currently the property has no improvements onsite.
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