Property Detail

Description

We are pleased to present for sale an exceptional development opportunity located in the heart of North Hollywood. Situated on a flat 8,252 sq ft lot with generous 75 ft x 110 ft dimensions, this property offers outstanding development potential under RD1.5 zoning. Offered at an attractive land value of approximately $115 per square foot, this site presents compelling economics for builders and investors seeking density in a high-demand rental market. By-right potential for a 5-unit project, plus the ability to add 2 ADUs (buyer to verify), making this an ideal site for investors and builders looking to maximize density in a high-demand rental market. The existing owner occupied single-family home will be delivered vacant, providing immediate flexibility for redevelopment or renovation. Owner-occupied property is expected to clear SB 8 guidelines, presenting a streamlined path for redevelopment. The flat topography further enhances construction feasibility and cost efficiency. Strategically located just minutes from Burbank, the vibrant NoHo Arts District, major studios, transportation corridors, dining, and retail amenities. Whether you're looking to build and hold or develop for resale, this is a rare opportunity to secure a sizable, well-located lot with strong upside potential in one of the Valley's most active growth corridors. Buyer to conduct their own due diligence regarding zoning, density, SB 8 applicability, and development standards. Contact listing agent for more details!