For sale is the opportunity to acquire a ±7,200 Square foot multifamily development site zoned R4-1L in a transit oriented community area (TOC) tier 3. The by right development opportunity is for 18 units and being delivered vacant. The property is 2 miles away from the new mixed use lifestyle center on Laurel Canyon Blvd and Oxnard Street. The 170 Hollywood freeway connecting the area to the interstate 5 freeway and the U.S. 101 freeway is also minutes away. The redevelopment opportunity is also located within an opportunity zone. Moving forward, as the North Hollywood Arts District increases in attractiveness and density, the property's unrivaled upside should only multiply.
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