Skip to main content

Multi-Family

11444-11456 Vanowen

11444-11456 Vanowen St, North Hollywood, CA 91605

Listing Price: $3,000,000

Lot Size
0.41 acres
Price/Acre
$7,316,909
Land Type
Redevelopment
Buildable Square Feet
49,550

Investment Overview

Marcus & Millichap is very proud to present this extremely rare and exciting development opportunity in North Hollywood, California. The Offering sits on 17,860 square feet of land zoned C2. This development opportunity checks every box we can think of: Opportunity Zone, TOC Density Bonus, 3-lot assemblage, and a blank canvas to build up to 69 apartment units. With the C2 zoning, a multifamily developer can build up to 45 market-rate units by-right, or a developer could choose to utilize the TOC Tier 1 Density bonus and build up to 69 units. A couple of the main benefits of the TOC Tier 1 bonus is that a developer will be allowed an increased FAR and height limit, which will be 2.75-1 and 56 feet, respectively. The property is also located in an Opportunity Zone which allows a developer an array of tax advantages on both the purchase and the future exit. To learn more about the TOC program and/or the Opportunity Zone tax law, please contact us today.

Investment Highlights

  • 3 lot Assemblage
  • Rare 0.41 Acre Lot in North Hollywood
  • C2 Zoning w/ TOC Tier 1 Bonus
  • Allows for 45 Units By Right
  • Allows for 69 Units with Tier 1 TOC
  • Located in Opportunity Zone
  • Ideal Development Opportunity

Exclusively Listed By

Financing By

Multi-Family

11444-11456 Vanowen

Listing Price: $3,000,000

Lot Size
0.41 acres
Price/Acre
$7,316,909
Land Type
Redevelopment
Buildable Square Feet
49,550

Investment Highlights

  • 3 lot Assemblage
  • Rare 0.41 Acre Lot in North Hollywood
  • C2 Zoning w/ TOC Tier 1 Bonus
  • Allows for 45 Units By Right
  • Allows for 69 Units with Tier 1 TOC
  • Located in Opportunity Zone
  • Ideal Development Opportunity

Investment Overview

Marcus & Millichap is very proud to present this extremely rare and exciting development opportunity in North Hollywood, California. The Offering sits on 17,860 square feet of land zoned C2. This development opportunity checks every box we can think of: Opportunity Zone, TOC Density Bonus, 3-lot assemblage, and a blank canvas to build up to 69 apartment units. With the C2 zoning, a multifamily developer can build up to 45 market-rate units by-right, or a developer could choose to utilize the TOC Tier 1 Density bonus and build up to 69 units. A couple of the main benefits of the TOC Tier 1 bonus is that a developer will be allowed an increased FAR and height limit, which will be 2.75-1 and 56 feet, respectively. The property is also located in an Opportunity Zone which allows a developer an array of tax advantages on both the purchase and the future exit. To learn more about the TOC program and/or the Opportunity Zone tax law, please contact us today.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower