Redevelopment opportunity in North Hollywood, California. This project features two stories of on-grade parking (Type I-A) and five residential stories (Type III-A). Located in an Opportunity Zone, the project is approved for 36 apartment units with an excellent mix of 20 two-bedroom/two-bath units and 16 one-bedroom/one-bath units, along with 27 parking stalls. The project will be delivered RTI (Ready to Issue) prior to the close of escrow. • 36-Unit Redevelopment in North Hollywood • Will be delivered RTI (Ready to Issue) • Type III-A (Apartments) & Type I-A (Parking Garage) • 27 Parking Stalls • Opportunity Zone • 20 two-bedroom units and 16 one-bedroom units • Net Rentable: 27,731 square feet • Total Building Envelope: 34,317 square feet • Located just north of Burbank Blvd. and west of Vineland Ave. • Easy access to the 170, 101 and 134 Freeways as well as Interstate 5
Sitting on a shovel ready Tier 3 TOC opportunity zone lot, 5640 Case Ave offers the opportunity to build 6 units with 3 bedrooms each, totaling 6,794 sqft on a 6,002 sqft lot. RTI plans include 4 units to be built plus 1 ADU with an additional ADU to potentially be built after construction. Enjoy the opportunity to build in one of the most trendy neighborhoods, the NoHo Arts District.
Shovel ready double lot development opportunity in North Hollywood with all plans and approvals in place. Current plans call for 34,700 SqFt, 6 story building with 30 large units, including 6 future ADU conversions after C of O. Including the future ADUs there are 15 three bedroom units, 10 two bedroom units, and 5 one bedroom units. 3 units are to be Extremely Low Income. No subterranean, parking for 18+ cars is on the ground level. Buyer needs to record the low income covenant in their name to clear housing, pay some fees, and pull permit. MEP are RTI. Alternatively, buyer can go for fully affordable development and build 100+ units. Tenants are month to month and would move out with 30 day notice. Addresses are 5317 and 5321 Satsuma Ave. APNs are 2416-007-022 and 2416-007-023. Plans and approvals are available upon request.
The median home value in North Hollywood, CA is $912,500. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in North Hollywood, CA is $912,500. Approximately 33.96% of North Hollywood homes are owned, compared to 58.13% rented, while 7.92% are vacant. North Hollywood real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a North Hollywood real estate agent to arrange a tour today!
North Hollywood 91601 is less family-centric than the surrounding county with 28.08% of the households containing married families with children. The county average for households married with children is 30.99%.