10720 Moorpark Street

    North Hollywood, CA 91602
    • $3,300,000
    • STATUS: Active
    • ON SITE: 26 days
    • ID#: SR20048015
    UPDATED: 93 min ago
    $3,300,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    We are pleased to present a modern 12 unit development opportunity at 10720-10724 Moorpark Street in the city of North Hollywood, NoHo Art District!. The sites, which have existing single family structures are fully approved, and permits are Ready to Issue (R.T.I). This opportunity provides an investor/developer with the ability to start CONSTRUCTION IMMEDIATELY and take advantage of strong rent growth and positive market momentum in a dynamic North Hollywood. With a total lot size of 9,683 sq. ft. and a total building size of approximately 11,710+- square feet. Unit mix of 11 units 2+2 and 1 unit 1+1.5 units measuring approximately between 750+- and 1250+- square feet. The Subject Property is within a few short miles of the NoHo West Development as well as North Hollywood Metro Station Development. The location is minutes from the freeway and the path of public transportation. North Hollywood is a major region of the San Fernando valley area with many new developments and business opportunities. This location lies within the IRS Tax Incentive Opportunity Zone. All buyers and investors must conduct their own due diligence of the opportunity zone regulations and consult their respective consultants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-31T00:28:37.347. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.

    www.inlandempiresold.com/homes/103845078

    10720 Moorpark Street North Hollywood, CA 91602

    • Price: $3,300,000
    • Status: Active
    • Updated: 93 min ago
    • ID#: SR20048015
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    We are pleased to present a modern 12 unit development opportunity at 10720-10724 Moorpark Street in the city of North Hollywood, NoHo Art District!. The sites, which have existing single family structures are fully approved, and permits are Ready to Issue (R.T.I). This opportunity provides an investor/developer with the ability to start CONSTRUCTION IMMEDIATELY and take advantage of strong rent growth and positive market momentum in a dynamic North Hollywood. With a total lot size of 9,683 sq. ft. and a total building size of approximately 11,710+- square feet. Unit mix of 11 units 2+2 and 1 unit 1+1.5 units measuring approximately between 750+- and 1250+- square feet. The Subject Property is within a few short miles of the NoHo West Development as well as North Hollywood Metro Station Development. The location is minutes from the freeway and the path of public transportation. North Hollywood is a major region of the San Fernando valley area with many new developments and business opportunities. This location lies within the IRS Tax Incentive Opportunity Zone. All buyers and investors must conduct their own due diligence of the opportunity zone regulations and consult their respective consultants.
    Exterior Features

    Fencing Wire Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet View Neighborhood View YN Yes

    Property Features

    Additional Parcels Description 2423016017 Additional Parcels YN Yes Association Fee 0.00 Association YN No Community Features Sidewalks Country Us Distance To Water Comments Public Elevation Units Feet Land Lease YN No Lot Dimensions Source Assessor New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning Lar3

    Listing provided courtesy of Sandra Hernandez of Keller Williams Realty-Studio City


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-31T00:28:37.347. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.

     
    RE/MAX Empire Properties
    street
    Hemet CA, 92545