Property Details
About this Property
Existing burned duplex sold for land value only. There are ten reasons why we believe you’ve just stumbled upon what could be a near-perfect affordable housing development land acquisition opportunity. The site possesses the optimal zoning and economic incentives in place like Opportunity Zone/ED-1 Eligible/TOC/AB 2334 Very Low VMT/AB 2097 Reduced Parking Areas, etc. etc. etc. The site is not in a specific plan or in a Redevelopment Area. The site is located next to a swath of R1 zoned property (free parking?). The site is located a block from grocery, and CVS and, of course, Starbucks…essentially a stone’s throw from every “critical” amenity. The site is walking distance (1-mile) from NoHo station (both rail and bus transportation) making it viable to live at the property and not own a car. The site is an uncommonly large single lot consisting of 16,316 SF of land with 60’ of frontage. It’s not too big of a project yet formattable enough to be compelling for a wide spectrum of investment and development organizations. The site is flat. The site will not require the displacement of tenants as the duplex on site has been vacant for over 5+ years (abatement filed by City in 2019) after fires burned the property. The demo is not complete. Hence
MLS Listing Information
MLS #
CRSR24095212
MLS Source
California Regional MLS
Parking, School, and Other Information
HOA Fee
$0
Zoning
D3, D4, D5, D6, D7, D8
Neighborhood: Around This Home
Neighborhood: Local Demographics
6142 Hazelhurst Pl is in North Hollywood, CA 91606. This Land is currently priced at $1,875,000. This address can also be written as 6142 Hazelhurst Pl, North Hollywood, CA 91606.
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This listing information is up-to-date as of November 22, 2024. For the most current information, please contact Francis Evanisko
