6142 Hazelhurst,
Home For Sale
Existing burned duplex sold for land value only. There are ten reasons why we believe youve just stumbled upon what could be a near-perfect affordable housing development land acquisition opportunity. The site possesses the optimal zoning and economic incentives in place like Opportunity Zone/ED-1 Eligible/TOC/AB 2334 Very Low VMT/AB 2097 Reduced Parking Areas, etc. etc. etc. The site is not in a specific plan or in a Redevelopment Area. The site is located next to a swath of R1 zoned property (free parking?). The site is located a block from grocery, and CVS and, of course, Starbucksessentially a stones throw from every critical amenity. The site is walking distance (1-mile) from NoHo station (both rail and bus transportation) making it viable to live at the property and not own a car. The site is an uncommonly large single lot consisting of 16,316 SF of land with 60 of frontage. Its not too big of a project yet formattable enough to be compelling for a wide spectrum of investment and development organizations. The site is flat. The site will not require the displacement of tenants as the duplex on site has been vacant for over 5+ years (abatement filed by City in 2019) after fires burned the property. The demo is not complete. Hence, the lookback period is 5 years. The likelihood of zero replacement units also opens of conversation for less dense development typologies. The site is 1,800 feet from NoHo west; the perfect market rate rent barometer demonstrating rental rates for 1 beds about 30% higher than the deed restricted amounts mandated for 1 bed units under ED-1. Th
Property Details
Additional Information
-
- County:
- Los Angeles
-
- Zip:
- 91606
-
- MLS® #:
- SR24095212
-
- Square Ft:
- 16,320
-
- Lot Size:
- 0.37
-
- Neighborhood:
- NORTH HOLLYWOOD (91606)
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS®, Inc.
Listing information last updated on July 6th, 2024 at 5:17pm PDT.