Multi-Family
11444-11456 Vanowen
11444-11456 Vanowen St, North Hollywood, CA 91605
Listing Price: $3,000,000
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
Listing Price: $3,000,000
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

