11952 - 11958 Vanowen Street, North Hollywood, CA 91605

About this property

We are excited to introduce the rare opportunity to develop two lots located at 11952-11958 Vanowen Street in North Hollywood, California. The Offering totals 11,119 square feet of land and will be delivered fully RTI (ready-to-issue) for 8 Units + 2 ADUs. LOT #1 - 11952 VANOWEN ST: Two Duplexes + Attached ADU - Lot Area: 5,426.70 SF - Zoning: R3 -1 - Allowable Area: 3x Buildable = 10,200 SF - Provided Total Area = 6,280 SF. LOT #2 - 11958 VANOWEN ST: Two Duplexes + Attached ADU - Lot Area: 5,691.80 SF - Zoning: R3 -1 - Allowable Area: 3x Buildable = 10,560 SF - Provided Total Area = 6,280 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.

Listing description from the October 2023 sale, as reported to CRMLS.

Sale history

$2,190,000

Sold October 2023 · listed $2,395,000, on market July 2023 · MLS #23291387 · Source: CRMLS

Listing Agent: Filip Niculete · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Armin Soleimani · Global Platinum Properties, Inc.

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