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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
Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 0.64 AC

1 Lot Available

Lot

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.

Walk Score ®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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)
  • Listing ID: 28779253

  • Date on Market: 2023-06-16

  • Last Updated:

  • Address: 7551 Laurel Canyon Blvd, North Hollywood, CA 91605

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