10821 Magnolia Boulevard

Estimated Monthly Payment: $25,081/mo 10821 Magnolia Boulevard, North Hollywood, CA 91601 MLS# 21736384 Land Listing Status: Active
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REMARKS:

We are 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.

OVERVIEW:

Land
Active
NHO - North Hollywood

FEATURES:

None

FINANCIAL:

$5,500,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Jeffrey LouksMarcus & Millichap

 

California Department of Real Estate License 

 

Based on information from the CRISNet MLS as of 08/05/2021, 4:02:52 AM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.