$1,150,000
$1,195,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
5,662 Sqft Lot
SOLD DATE : 03/19/2021
Key Details
Sold Price $1,150,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20673246
Sold Date 03/19/21
HOA Y/N No
Lot Size 5,662 Sqft
Acres 0.13
Property Description
We are pleased to present 12001 Magnolia Boulevard located in Valley Village, California. Current improvements consist of a 3 unit building totaling 2,154 square feet of rentable area. The Site is 6,094 square feet with an additional 1,120 square feet of an alley, zoned R3-1 with TOC Tier 3. With the relocation of tenants, a developer has the opportunity to build 8 units by-right or up to 16 units with its allowable density bonus. Boasting a Walk Score of 87, the Offering is well located between North Hollywood to the North, Studio City to the South, Sherman Oaks and Encino to the West and Toluca Lake, Burbank and Glendale to the East. With the brand new NoHo West mega-development nearing completion, future tenants will be minutes from premier dining, shopping and entertainment. In addition, just 1.1 miles away is the trendy and revitalized NoHo Arts District.
Location
State CA
County Los Angeles
Area Vvl - Valley Village
Zoning LAR3
Interior
Fireplace No
Building
Sewer Other
Others
Senior Community No
Tax ID 2348008049
Acceptable Financing Cash, Contract
Listing Terms Cash, Contract
Financing Cash,Contract,Private
Special Listing Condition Standard
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Bought with Marije Kruythoff • Aspire Los Angeles