11007 Hesby St is a triplex on 7,504 square feet of land that is zoned R4. What does this mean? By right, you can build one unit per 400 square feet of land! That comes out to a whopping 18 units (buyer must do their own due diligence, seller and agent make no guarantees). 11007 Hesby St is located in the heart of the outrageously trendy NoHo Arts District. It is one block from the neighborhood's hub of Lankershim Blvd. A new Whole Foods market is currently being constructed 0.2 miles away from this building- a great sign that this is a dream development opportunity. The triplex in place is made up of three 1 bedroom, 1 bathroom units, all of which are vacant. No relocation costs will be needed to start up your project! For those of you out there looking to buy and hold, a conservative cap rate of 4.17% is achievable right away.
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