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- LoopNet Team
5244 Vineland Ave
North Hollywood, CA 91601
Commercial Land · Land For Sale
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0.17 ac
INVESTMENT HIGHLIGHTS
- Unique opportunity to purchase a NoHo arts district property
- Fantastic area with a Walk Score of 89!
- Located in close proximity to several high profile multi-family and mixed use developments
- Located within a designated Opportunity Zone
- Approved plans for a 3 story 11,170sf commercial building development
- Located a short distance from the NoHo Metro Station
PROPERTY FACTS
DESCRIPTION
The property is strategically located in the heart of the NoHo Arts District. The property consists of a 7,500 square foot lot zoned CM-1VL with 50 feet of frontage along Vineland Ave. The offering includes plans which have been approved by the city of Los Angeles building and safety department. There are several high profile retail and office tenants in close proximity to the property. The property is also located a short distance from the NoHo Metro station. The proposed new development consists of a 3 story 11,170 square foot commercial structure. The proposed development includes digital signage on the façade and can accommodate onsite alcohol manufacturing. A demolition plan for the current improvements is available as well. The property is located in a designated Opportunity Zone which may offer substantial tax incentives to qualified individuals & entities. Ownership is offering the property in As-Is condition. Buyers to conduct their own investigation in regards to their intended use and proposed development.
PROPERTY TAXES
| Parcel Number | 2416-004-011 | Improvements Assessment | £244,231 |
| Land Assessment | £439,616 | Total Assessment | £683,846 |
PROPERTY TAXES
