Reduced Price: $2,590,000 | Will be Delivered RTI (Ready to Issue)
Lot Size: 9,228 Square Feet | Net Rentable: 27,731 Square Feet
ADDRESS
5614 Fulcher Avenue
North Hollywood, CA 91601
Colliers International’s Ghobadi Investment Team is pleased to present a redevelopment opportunity in North Hollywood, California. This project features two stories of on-grade parking (Type I-A) and five residential stories (Type III-A). Located in an Opportunity Zone, the project is approved for 36 apartment units with an excellent mix of 20 two-bedroom/two-bath units and 16 one-bedroom/one-bath units, along with 27 parking stalls. The project will be delivered RTI (Ready to Issue) prior to the close of escrow.
PROPERTY HIGHLIGHTS
• 36-Unit Redevelopment in North Hollywood
• Will be delivered RTI (Ready to Issue)
• Type III-A (Apartments) & Type I-A (Parking Garage)
• 27 Parking Stalls
• Opportunity Zone
• 20 two-bedroom units and 16 one-bedroom units
• Net Rentable: 27,731 square feet
• Total Building Envelope: 34,317 square feet
• Located just north of Burbank Blvd. and west of Vineland Ave.
• Easy access to the 170, 101 and 134 Freeways as well as Interstate 5
PROPERTY INFORMATION
Lot Size: 9,228 SF
Net Rentable: 27,731 SF
APN: 2337-029-005
Zoning: LAC2
TOC: Tier 3
Opportunity Zone: Yes