We are pleased to present for sale an RD 1.5 development opportunity located in the heart of North Hollywood! Current improvements include a Single Family Residence, so NO RENT CONTROL here! This property is also located within a qualified OPPORTUNITY ZONE! (potential tax incentives for new construction-buyer to verify). Lot size is a generous sized 7,821 sqft, meaning a developer can build 5 units by right. Lot dimensions are 60 ft by 130 ft. The site is located just minutes away from the new NoHo West development featuring a Trader Joes (less than 1 mile away!!), as well as the hip and friendly NoHo Arts District. Excellent opportunity for a new small lot subdivision or fourplex + 1 additional unit! Do not miss this opportunity to build near all the trendy shopping, eateries and entertainment that Noho has to offer! Buyer to verify all zoning and regulations with LADBS. Property to be sold As-Is, seller will not make any repairs nor offer any credits. Contact agent for more details!
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