NOHO ARTS DISTRICT DEVELOPMENT LAND

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Nicole Artinian
Licensed Real Estate Agent
Phone:
Michelle Artinian
Licensed Real Estate Agent
Phone:
271 North Canon Drive Beverly Hills, CA 90210
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EXCLUSIVE

Location

5050 Bakman Ave
Los Angeles CA 91601

Property

Ownership: Multi-Family
Type: Multi-story
Pets: Pets Unknown

Financials

Price: $1,750,000

Description

Located on Bakman Avenue in North Hollywood, California, this residential development opportunity offers ±11,250 square feet of land in a High Medium Density CRA location. Currently serving as a six unit apartment complex, this asset will offer a slight income for a potential developer while seeking permit approval. North Hollywood has undergone a huge boom in development within the past five years. With flagship developments such as NoHo West and the Metro Station, tenants and young professionals have flocked to this media adjacent neighborhood. The site currently sits South of Magnolia Boulevard and West of Lankershim Boulevard, this development opportunity is near restaurants, retailers, and new businesses that are betting on the future of the NoHo Arts District.


All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.