10921 Hesby Street, North Hollywood, CA 91601

About this property

This site is an excellent Multi-Family Development Project in a solid location which is perfectly suited for a medium density development of multiple units. This site is situated within the Transit Oriented Communities (TOC) Tier 1 zone which allows for a 50% bonus in the number of allowed units by right, with the condition of allocating a small percentage of affordable housing. Additionally, under this revised zoning, the new parking requirement is 0.5 per bedroom, plus a menu of additional incentives for a developer such as additional height and increased FAR. Buyer to verify all incentives and requirements with the appropriate city office. Can be packaged with neighboring parcel for a combined total of 11,611 SF.

Listing description from the January 2021 sale, as reported to CRMLS.

Sale history

$1,012,400

Sold January 2021 · listed $1,199,000, on market March 2020 · MLS #SR20059715 · Source: CRMLS

Listing Agent: Simon Mills · Listing Office: Mills Realty of California · Contact: 818-763-4462 · Bought with: Simon Mills · Mills Realty of California

$1,012,400

Sold January 2021 · listed $1,199,000, on market March 2020 · MLS #SR20059712 · Source: CRMLS

Listing Agent: Simon Mills · Listing Office: Mills Realty of California · Contact: 818-763-4462 · Bought with: Simon Mills · Mills Realty of California

$448,000

Sold November 2012 · listed $465,000, orig. $475,000, on market August 2012 · MLS #F12100012 · Source: CRMLS

Listing Agent: Dalia Gourji · Listing Office: ADS Properties · Contact: 818-761-6485 · Bought with: Joshua Weir · ZipRealty

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