7551 Laurel Canyon Blvd - 7551 Laurel Canyon Blvd
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7551 Laurel Canyon Blvd - 7551 Laurel Canyon Blvd
0.64 Acres of Commercial Land Offered at $5,102,892 CAD in North Hollywood, CA 91605
Investment Highlights
- +/- 27,914 SF Parcel in North Hollywood - Over 100 Feet of Frontage on Laurel Canyon Blvd
- Easy Access to 170 Freeway and Hollywood/Burbank Airport
- Unique Opportunity to Acquire a Significantly Sized Development Site
- In-Place Income (Tenant and Billboard) - Both Month to Month
Executive Summary
IREA is pleased to present a prime San Fernando Valley development site zoned C2-1VL and P1 on heavily trafficked Laurel Canyon Blvd. The location features easy access to the 170 freeway and Hollywood/Burbank Airport, and is down the street from the brand new NOHO West mixed-use development. The significantly sized 27,914 SF site will allow a savvy developer to acquire a large footprint in an area with significant need for standard or low income units. The property has month-to-month income in place, which is an added bonus to offset expenses during the entitlement process. 7551 Laurel Canyon Blvd would be a fantastic addition to any opportunistic developers portfolio.
Property Facts In Escrow
Price | $5,102,892 CAD | Property Type | Land |
Sale Type | Investment | Property Subtype | Commercial |
Sale Conditions | Redevelopment Project | Proposed Use | |
No. Lots | 1 | Total Lot Size | 0.64 AC |
Price | $5,102,892 CAD |
Sale Type | Investment |
Sale Conditions | Redevelopment Project |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | |
Total Lot Size | 0.64 AC |
1 Lot Available
Lot
Price | $5,102,892 CAD | Lot Size | 0.64 AC |
Price Per AC | $7,963,103 CAD |
Price | $5,102,892 CAD |
Price Per AC | $7,963,103 CAD |
Lot Size | 0.64 AC |
Features easy access to the 170 freeway and Hollywood/Burbank Airport.
Description
Land for commercial development.
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Walk Score ®
Very Walkable (76)
PROPERTY TAXES
Parcel Number | 2307-020-002 | Improvements Assessment | $263,057 CAD |
Land Assessment | $1,169,143 CAD | Total Assessment | $1,432,201 CAD |
PROPERTY TAXES
Parcel Number
2307-020-002
Land Assessment
$1,169,143 CAD
Improvements Assessment
$263,057 CAD
Total Assessment
$1,432,201 CAD
zoning
Zoning Code | C2-1VL and P-1 (Commercial) |
C2-1VL and P-1 (Commercial) |
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7551 Laurel Canyon Blvd - 7551 Laurel Canyon Blvd
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