Description
Wonderful rare mixed use development opportunity on a major street in North Hollywood. The immediate area has many recently completed, proposed and in development residential projects. This proposed project is located on commercially zoned land in an opportunity zone with RTI in hand. Located just few short blocks from the Metro B(Red Line) station as well as the Orange Line Busway. As proposed, the project does not require rent control or income restricted units and consists of 12 one bedroom residential units with large balconies and terraces as well as 4 ground level commercial office/retail units. The project faces Cahuenga and also has rear alley access as well as 4 excess parking spaces. remainder of the permit fees are less than 71K, project is exempt from impact fee. Current owner could lease back existing property until construction. All reasonable offers shall be considered as the seller is motivated. Wonderful rare mixed use development opportunity on a major street in North Hollywood. The immediate area has many recently completed, proposed and in development residential projects. This proposed project is located on commercially zoned land in an opportunity zone with RTI in hand. Located just few short blocks from the Metro B(Red Line) station as well as the Orange Line Busway. As proposed, the project does not require rent control or income restricted units and consists of 12 one bedroom residential units with large balconies and terraces as well as 4 ground level commercial office/retail units. The project faces Cahuenga and also has rear alley access as well as 4 excess parking spaces. remainder of the permit fees are less than 71K, project is exempt from impact fee. Current owner could lease back existing property until construction. All reasonable offers shall be considered as the seller is motivated.
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School Ratings & Info
Description
Wonderful rare mixed use development opportunity on a major street in North Hollywood. The immediate area has many recently completed, proposed and in development residential projects. This proposed project is located on commercially zoned land in an opportunity zone with RTI in hand. Located just few short blocks from the Metro B(Red Line) station as well as the Orange Line Busway. As proposed, the project does not require rent control or income restricted units and consists of 12 one bedroom residential units with large balconies and terraces as well as 4 ground level commercial office/retail units. The project faces Cahuenga and also has rear alley access as well as 4 excess parking spaces. remainder of the permit fees are less than 71K, project is exempt from impact fee. Current owner could lease back existing property until construction. All reasonable offers shall be considered as the seller is motivated. Wonderful rare mixed use development opportunity on a major street in North Hollywood. The immediate area has many recently completed, proposed and in development residential projects. This proposed project is located on commercially zoned land in an opportunity zone with RTI in hand. Located just few short blocks from the Metro B(Red Line) station as well as the Orange Line Busway. As proposed, the project does not require rent control or income restricted units and consists of 12 one bedroom residential units with large balconies and terraces as well as 4 ground level commercial office/retail units. The project faces Cahuenga and also has rear alley access as well as 4 excess parking spaces. remainder of the permit fees are less than 71K, project is exempt from impact fee. Current owner could lease back existing property until construction. All reasonable offers shall be considered as the seller is motivated.
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Source: CRMLS