10701 Burbank Boulevard, North Hollywood, CA 91601

$1,590,000
List Price
$1,590,000
Status
ACTIVE
MLS#
SR18158479
Year Built
1951
Days on Market
84
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

NOHO DEVELOPMENT SITE! 10701 Burbank Boulevard offers a unique opportunity for developers or retail investors to acquire a highly visible, well-located parcel in booming North Hollywood. Savvy multifamily developers should consider the possibility of constructing a 12-unit building on this corner lot. (Buyers to confirm with city.) The 5,898 SF lot with C2/R4 zoning is located in the midst of all that NoHo has to offer. This property can also be considered in Tier 1 (TOC) in which number of units can be increased significantly, or a possibility of a mixed use project. Buyers are responsible for confirming with the city all permitted uses, code requirements and limitations. Likewise, retail owner-users or investors should consider continued use as a highly-visible storefront on one of North Hollywood’s busy surface streets. The property can be delivered vacant. Currently improved with 2,737 SF of buildings (retail plus 1+1 residential) the property offers a variety of potential uses. Buyers are responsible for confirming all permitted code, use and development potential with the city of Los Angeles.

Additional Information

Heat
Central Furnace
Cooling
Yes
Cooling Description
Central
Roof
Shingle
Water
Public

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Ali E. Ketabchi from Keller Williams Encino-Sherman

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.