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    10821 Magnolia Boulevard

    North Hollywood, CA 91601
    • $5,500,000
    • STATUS: Active
    • ON SITE: 24 days
    • ID#: 21736384
    UPDATED: 76 min ago
    $5,500,000
    • 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 Magnolia & Harmony, a premier shovel ready multifamily development opportunity located in the highly sought after NoHo Arts District in prime North Hollywood, CA. This unique development opportunity is currently comprised of two office buildings and a vacant lot positioned on 16,399 total square feet of land zoned LAC4-1-CA. The site is also located in a Qualified Opportunity Zone, yielding major long term tax benefits for a potential buyer / developer. The owner has received full entitlements, permits issued and paid. This rare opportunity allows for a new developer to acquire, obtain construction financing and build while saving approximately 2 - 3 years of time.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-19T13:35:58.48. 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 Z REALTY. Licensed in the State of California, USA.
    www.zrealtyhomes.com/homes/117579570
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    10821 Magnolia Boulevard North Hollywood, CA 91601

    • Price: $5,500,000
    • Status: Active
    • Updated: 76 min ago
    • ID#: 21736384
    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 Magnolia & Harmony, a premier shovel ready multifamily development opportunity located in the highly sought after NoHo Arts District in prime North Hollywood, CA. This unique development opportunity is currently comprised of two office buildings and a vacant lot positioned on 16,399 total square feet of land zoned LAC4-1-CA. The site is also located in a Qualified Opportunity Zone, yielding major long term tax benefits for a potential buyer / developer. The owner has received full entitlements, permits issued and paid. This rare opportunity allows for a new developer to acquire, obtain construction financing and build while saving approximately 2 - 3 years of time.
    Exterior Features

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    Property Features

    Listing Agreement Seller Reserved Listing Service Full Service Senior Community YN No Special Listing Conditions Standard Zoning Lac4

    Listing provided courtesy of Jeffrey Louks of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-19T13:35:58.48. 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 Z REALTY. Licensed in the State of California, USA.
     
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