NoHo Troost Land
5447-5451 Troost Avenue

North Hollywood, CA 91601

Exclusive Offering

Located along the coveted Chandler Corridor in North Hollywood, California, this development opportunity is ideal for a developer or builder planning to construct luxury condos or a small lot sub-division. With close proximity to the San Fernando Valley's best offerings, this development opportunity is within close proximity to the NoHo arts District, Burbank Media District, and Shopping in Studio City and Sherman Oaks.

With a low price per buildable unit, this project can bring a developer or builder a great profit upon entitlement or build of the allowable 13 units or 18 units (use of density bonus). 

Listing Price: $1,725,000

Price per Buildable Unit: $95,833

Price per SF (Lot): $87.06

Opportunity Highlights

  • Located just North of the coveted Chandler Boulevard corridor

  • Low price per SF on the Land ($88.33)

  • Currently a triplex and a single family home. The single family home and one of the units in the triplex are vacant

  • Located on a private cul-de-sac

  • Allowable 3:1 FAR and 45 Foot Height Limit

  • Build up to 13 units by-right and 18 utilizing the density bonus

  • Located on a private cul-de-sac

    Easy access to NoHo Art's District, Burbank Media District, and shopping in Studio City and Sherman Oaks

  • Current condo and small lot subdivision comparables show a sale price $475+ per square foot on exit

 
 
 

Contacts:

CASEY PICARD

Managing Partner

626.376.9224

Casey.Picard@AggregateIP.com

Cal BRE #01921866