Bought with Simon Mills
$1,012,400
$1,199,000
15.6%For more information regarding the value of a property, please contact us for a free consultation.
10921 Hesby ST North Hollywood, CA 91601
5,806 Sqft Lot
Key Details
Sold Price $1,012,400
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CNSR20059715
Lot Size 5,806 Sqft
Property Sub-Type Other Residential Land
Property Description
This site is an excellent Multi-Family Development Project in a solid location which is perfectly suited for a medium density development of multiple units. This site is situated within the Transit Oriented Communities (TOC) Tier 1 zone which allows for a 50% bonus in the number of allowed units by right, with the condition of allocating a small percentage of affordable housing. Additionally, under this revised zoning, the new parking requirement is 0.5 per bedroom, plus a menu of additional incentives for a developer such as additional height and increased FAR. Buyer to verify all incentives and requirements with the appropriate city office. Can be packaged with neighboring parcel for a combined total of 11,611 SF.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LWS,LSR
Exterior
View None
Building
Lot Description Grade - Level
Water District - Public
Others
Special Listing Condition Not Applicable
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