$5,500,000
0.13 Acre Lot
5,522 Sqft Lot
Status Active
Property Type Land
Price Type
Days on Website 120

Property Map

$5,500,000 – 10821 Magnolia Boulevard, North Hollywood, CA 91601

Street View

Courtesy of Marcus & Millichap, Jeffrey Louks.

Description

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.

Property Details and Features

Listing

  • 8 days on market
  • Listed on 2021-05-25

Location

  • County: Los Angeles

Lot

  • 5522 sqft
  • 0.12 acres
  • Area: 5522

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