Rectangular Redevelopment Land with
For Sale
Contact for pricing
11432-11456 Vanowen St, North Hollywood, CA 91605
Development land with 270 feet of frontage and C2 zoning, positioned for multifamily buildout under TOC Tier 1.
Property SizeContact for details
Lot Size0.69 Acres
Days on Market120
Property Features for 11432-11456 Vanowen St
General Information
Standard status
Active
Lot size
0.69 Acres
Property subtype
Land
Zoning
C2
Additional Details
Opportunity Zone
Yes
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Encino
(818) 212-2808
Listed By:
Filip Niculete · License #CA 01905352
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Apr 11 at 7:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Encino
Investment Insights
Based on property information with market context.
This development opportunity consists of a rectangular assemblage with approximately 270 feet of frontage on Vanowen St and about 112 feet in depth on both sides. The parcel is presented as a block-to-block five-lot assemblage with over 30,000 square feet described as a “blank canvas” for vertical development.
The property is located in an Opportunity Zone and is designated for C2 zoning. Under C2 zoning, a multifamily developer can build up to 75 market-rate units by-right, or the project may pursue the TOC Tier 1 density bonus for up to 114 total units, including 10 units set aside for very low income tenants. The TOC Tier 1 bonus is described as allowing an increased FAR and height limit of 2.75:1 and 56 feet.
The property currently generates approximately $22,000 in monthly gross income. Existing tenants are mostly on month-to-month leases, with the longest active lease expiring in under two years.
The property is located in an Opportunity Zone and is designated for C2 zoning. Under C2 zoning, a multifamily developer can build up to 75 market-rate units by-right, or the project may pursue the TOC Tier 1 density bonus for up to 114 total units, including 10 units set aside for very low income tenants. The TOC Tier 1 bonus is described as allowing an increased FAR and height limit of 2.75:1 and 56 feet.
The property currently generates approximately $22,000 in monthly gross income. Existing tenants are mostly on month-to-month leases, with the longest active lease expiring in under two years.
Key Highlights
- Development land in North Hollywood with 270 ft of frontage on Vanowen St and approximately 112 ft in depth (rectangular shape).
- C2 zoning allows up to 75 market‑rate multifamily units by‑right.
- TOC Tier 1 density bonus allows build‑up to 114 apartment units, with 10 units set aside for very low income tenants.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,663
Businesses Nearby
Explore this area
Business Placement
Demographics for 91605, CA
54,341
Population
17,206
Households
3.2
Avg Household Size
36
Median Age
22%
College-Educated
71%
High-School Grad
5.4 sq mi
ZIP Area
10,063
Density / Sq Mi
$64,539
Median Household Income
$32,751
Median Earnings
$1,736
Median Rent
$729,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Development land with 270 feet of frontage and C2 zoning, positioned for multifamily buildout under TOC Tier 1.
Where is this residential land & home lot located?
The property is located at 11432-11456 Vanowen St North Hollywood, CA.
What are key features of this property?
This property features: Development land in North Hollywood with 270 ft of frontage on Vanowen St and approximately 112 ft in depth (rectangular shape).; C2 zoning allows up to 75 market‑rate multifamily units by‑right.; TOC Tier 1 density bonus allows build‑up to 114 apartment units, with 10 units set aside for very low income tenants.
