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7641 N Hollywood Way

0.15 Acres of Commercial Land Offered at £1,153,504 in Burbank, CA 91505

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Investment Highlights

RTI (shovel ready project)
100% Affordable Project
Close proximity to the I-5

Cost-effective 3 Story On Grade Project
Located in Burbank CA

Executive Summary

Price Reduction $150,000: 17 unit project located in Burbank CA. The site will be delivered to buyer RTI (a shovel ready project) The plans are for a 100% affordable apartment building consisting of 15 1Bed + 1 Bath units and 2 Studios. The project is only 3 stories high with on grade construction, delivering a Cost-effective and easy to build project.

Property Facts

Price	£1,153,504	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Apartment Units Apartment Units - Subsidized
No. Lots	1	Total Lot Size	0.15 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£1,153,504
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Apartment Units Apartment Units - Subsidized
Total Lot Size	0.15 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot 1

Price	£1,153,504	Lot Size	0.15 AC
Price Per AC	£7,690,027

Price	£1,153,504
Price Per AC	£7,690,027
Lot Size	0.15 AC

.15 acre lot

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zoning

Zoning Code	LAR-3 (Restricted Density Multiple Dwelling - One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations)
LAR-3 (Restricted Density Multiple Dwelling - One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations)

Listing ID: 32004192
Date on Market: 03/06/2024
Last Updated:
Address: 7641 N Hollywood Way, Burbank, CA 91505

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7641 N Hollywood Way, Burbank, CA for sale Primary Photo- Image 1 of 6 — Front

7641 N Hollywood Way, Burbank, CA for sale Building Photo- Image 2 of 6 — Left Elevation

7641 N Hollywood Way, Burbank, CA for sale Building Photo- Image 3 of 6 — Right eleve

7641 N Hollywood Way, Burbank, CA for sale Building Photo- Image 4 of 6 — Rent ROll

7641 N Hollywood Way, Burbank, CA for sale Building Photo- Image 5 of 6 — Untitled

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