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Multi-Family

Shovel Ready 40 Unit Mixed Use Opportunity Zone Development Opportunity

5205 Harmony Ave, Los Angeles, CA 91601

Listing Price: $5,500,000

Lot Size
0.38 acres
Price/Acre
$14,609,427
Land Type
Land

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is 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

Investment Highlights

  • Corner Lot in Prime Noho
  • Located in a Qualified Opportunity Zone
  • Shovel Ready (Permits Pulled and Paid) for a 40 unit mixed-use project
  • Approximately 150 feet of frontage along Magnolia Boulevard

Exclusively Listed By

Financing By

Multi-Family

Shovel Ready 40 Unit Mixed Use Opportunity Zone Development Opportunity

Listing Price: $5,500,000

Lot Size
0.38 acres
Price/Acre
$14,609,427
Land Type
Land

Investment Highlights

  • Corner Lot in Prime Noho
  • Located in a Qualified Opportunity Zone
  • Shovel Ready (Permits Pulled and Paid) for a 40 unit mixed-use project
  • Approximately 150 feet of frontage along Magnolia Boulevard

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is 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

Exclusively Listed By

Financing By

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