Overview

Description

The LAAA Team of Marcus and Millichap is excited to introduce the rare opportunity to develop two SFRs and one detached ADU located at 6740 Ben Avenue in North Hollywood, California. The Offering totals 8,000.50 square feet of land and is RTI (ready-to-issue).

Two SFRs + Detached ADU (Lot 49 | APN: 2322-011-024)
Lot Area: 8,000.50 SF
Zoning: R1-1
SFR-1: 1st Floor (982.5 SF) + 2nd Floor (1,010 SF) = 1,992.5 SF
SFR-2: 1st Floor (982.5 SF) + 2nd Floor (1,010 SF) = 1,992.5 SF
Total RFA: SFR-1 (1,992.5 SF) + SFR-2 (1,992.5 SF) + ADU (730 SF) = 4,715 SF

North Hollywood is experiencing a surge in new construction, with numerous projects underway or recently completed. The neighborhood is attracting developers due to its convenient location in the San Fernando Valley and its status as a transportation hub with access to major freeways and public transit. New apartment buildings and mixed-use developments are rising along busy thoroughfares, offering residents easy access to shops, restaurants, and entertainment. Additionally, many of these new constructions feature eco-friendly and sustainable designs, reflecting a growing concern for the environment and a desire for more energy-efficient buildings. With the increase in new development, North Hollywood is poised to become a more vibrant and dynamic community.

Highlights

• Can Be Purchased with 6746 Ben Ave or Separately
• Delivered Fully RTI
• 8,000.50 SF in Lot Zoned R1-1
• Ideal Development Site in North Hollywood
• Build 2 Single Family Homes Plus 1 ADU
• Great Unit Mix of (2) and (4) Bedroom Units
• Located in a Dense Rental Market
• Close to Public Transportation, Schools, and Employment

Documents

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