Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high

12001 West Magnolia Boulevard . Valley Village , CA 91607

DEVELOPMENT POTENTIAL - BY RIGHT! Build 8 Units By-Right. Build 16 Units with Tier 3 TOC. For more information contact the listing agent, Filip Niculete 818-212-2748 Filip.Niculete@marcusmillichap.com

Posted: 03/18/2021 6:25 pm | On HOMEiZ: 1155 days | Updated: 3 years ago | Views: 488

Location Map

Property Type

Sold

Property Price

$1150000
$1150000
03/19/2021
6,094.00 Sq. Ft.
$534
2154
Contact listing agent%
0%
$0
$0
0.00
$0
1.25%
$14375

Property Location & Description

DEVELOPMENT POTENTIAL - BY RIGHT! Build 8 Units By-Right. Build 16 Units with Tier 3 TOC. For more information contact the listing agent, Filip Niculete 818-212-2748 Filip.Niculete@marcusmillichap.com
Non Rent Control
Current improvements consist of a 3 unit building totaling 2,154 square feet of rentable area. The Site is 6,094 square feet with an additional 1,120 square feet of an alley, zoned R3-1 with TOC Tier 3. With the relocation of tenants, a developer has the opportunity to build 8 units by-right or up to 16 units with its allowable density bonus.
Well located between North Hollywood to the North, Studio City to the South, Sherman Oaks and Encino to the West, and Toluca Lake, Burbank, and Glendale to the East. With the brand-new NoHo West
3
$383333
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
 
 
 
2.
 
 
 
3.
 
 
 
4.
 
 
 
5.
 
 
 
No Data
R3-1
100%
Wood & Stucco
1
N/A
Good

Property Information

Sewer

Sewer System (Public)

Parking

On-street
No Data

Investment Overview

Investor

Energy Efficiency

No
No Data
N/A
N/A
No
No
No
No

Neighborhood lifestyle

Urban Core

More information

Listing Info

Listing ID: 2675
Sold

For Sale

$1,150,000

Listing Presented by

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