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Multi-Family

10657 Moorpark St

10657 Moorpark St, Los Angeles, CA 91602

Listing Price: $1,895,000

Lot Size
0.21 acres
Price/Acre
$9,071,011
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to present 10657 Moorpark Street, a 15 unit development site located in prime North Hollywood/Toluca Lake, CA. The vacant lot totals 9,100 SF with 65’ frontage and is 140’ deep. Once complete, the property will offer 10,730 of rentable SF. The proposed 4-story apartment complex has thirteen (13) one-bedroom units and two (2) two-bedroom units. The plans call for 15 on-grade parking spaces and a modern communal rooftop deck. This is a perfect opportunity for a developer that wants to start building immediately. The current ownership has done all the leg work and will be delivering the project with a building permit ready to issue upon payment of permit fees (“RTI”). 10657 Moorpark Street is ideally located near many restaurants, retail, grocery, and entertainment options. The property boasts a Walk Score of 77 indicating that it is very walkable as most errands can be accomplished on foot. Multiple transit options are also available including the 101 and 134 freeways, both on and off-ramps are within a 1-minute drive. The Universal Studios/Studio City Metro Red line station is located 1 mile away which provides direct service to Union Station in Los Angeles.

Investment Highlights

  • 10676 Moorpark is unique in that it is truly "RTI", meaning a developer can pay to pull the permits and start building immediately after the COE
  • NoHo is absolutely booming on the development front and currently has over 30 large-scale development projects either in planning or under construction
  • The average household income for people living within a five-mile radius of the development site is $83,428
  • With a Walk Score of 77, the subject property is within miles of many retail, grocery, restaurant, and entertainment venues

Exclusively Listed By

Financing By

Multi-Family

10657 Moorpark St

Listing Price: $1,895,000

Lot Size
0.21 acres
Price/Acre
$9,071,011
Land Type
Land

Investment Highlights

  • 10676 Moorpark is unique in that it is truly "RTI", meaning a developer can pay to pull the permits and start building immediately after the COE
  • NoHo is absolutely booming on the development front and currently has over 30 large-scale development projects either in planning or under construction
  • The average household income for people living within a five-mile radius of the development site is $83,428
  • With a Walk Score of 77, the subject property is within miles of many retail, grocery, restaurant, and entertainment venues

Investment Overview

Marcus & Millichap is pleased to present 10657 Moorpark Street, a 15 unit development site located in prime North Hollywood/Toluca Lake, CA. The vacant lot totals 9,100 SF with 65’ frontage and is 140’ deep. Once complete, the property will offer 10,730 of rentable SF. The proposed 4-story apartment complex has thirteen (13) one-bedroom units and two (2) two-bedroom units. The plans call for 15 on-grade parking spaces and a modern communal rooftop deck. This is a perfect opportunity for a developer that wants to start building immediately. The current ownership has done all the leg work and will be delivering the project with a building permit ready to issue upon payment of permit fees (“RTI”). 10657 Moorpark Street is ideally located near many restaurants, retail, grocery, and entertainment options. The property boasts a Walk Score of 77 indicating that it is very walkable as most errands can be accomplished on foot. Multiple transit options are also available including the 101 and 134 freeways, both on and off-ramps are within a 1-minute drive. The Universal Studios/Studio City Metro Red line station is located 1 mile away which provides direct service to Union Station in Los Angeles.

Exclusively Listed By

Financing By

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