Investment Overview

Marcus and Millichap is excited to introduce the rare opportunity to develop two lots located at 6740-6746 Ben Avenue in North Hollywood, California. The Offering totals 16,001 square feet of land and is RTI (ready-to-issue) for 4 Single Family Homes + 2 ADUs. LOT #1 - 6740 BEN AVE: Two SFRs + Detached ADU Lot Area: 8,000.50 SF Zoning: R1 -1 SFR-1: 1st Floor (982.5 SF) + 2nd Floor (1,010 SF) = 1,992.5 SF SFR-2: 1st Floor (982.5 SF) + 2nd Floor (1,010 SF) = 1,992.5 SF Total RFA: SFR-1 (1,992.5 SF) + SFR-2 (1,992.5 SF) + ADU (730 SF) = 4,715 SF LOT #2 - 6746 BEN AVE: Two SFRs + Detached ADU Lot Area: 8,000.50 SF Zoning: R1 -1 SFR-1: 1st Floor (982.5 SF) + 2nd Floor (1,010 SF) = 1,992.5 SF SFR-2: 1st Floor (982.5 SF) + 2nd Floor (1,010 SF) = 1,992.5 SF Total RFA: SFR-1 (1,992.5 SF) + SFR-2 (1,992.5 SF) + ADU (730 SF) = 4,715 SF North Hollywood is experiencing a surge in new construction, with numerous projects underway or recently completed. The neighborhood is attracting developers due to its convenient location in the San Fernando Valley and its status as a transportation hub with access to major freeways and public transit. New apartment buildings and mixed-use developments are rising along busy thoroughfares, offering residents easy access to shops, restaurants, and entertainment. Additionally, many of these new constructions feature eco-friendly and sustainable designs, reflecting a growing concern for the environment and a desire for more energy-efficient buildings. With the increase in new development, North Hollywood is poised to become a more vibrant and dynamic community.