11319 Mccormick St Los Angeles, CA 91601
- Land
Current Use by Public Records
- Land
Property Details for 11319 Mccormick St
- Property type
- Land
Description
This exceptional 7,495 square foot land parcel in North Hollywood, Los Angeles (APN 2350-017-014), presents a unique opportunity to develop a 36-unit multifamily project. Zoned C-2, this shovel-ready site allows for immediate construction of a five-story building (on-grade, no parking). The current triplex structure is vacant, eliminating tenant relocation concerns. Detailed plans are in place for a 35-unit building plus a manager's unit, comprising a mix of nine studios, twenty-four one-bedroom, and two two-bedroom units. Four units are designated for Extremely Low Income (ELI) rents. The property boasts convenient alley access and is situated within a Qualified Opportunity Zone, offering potential tax advantages. The asking price for this exceptional development opportunity is $2,250,000. This is a truly remarkable chance to capitalize on the thriving North Hollywood market and build a high-yield multifamily property. The property is located at 11319 McCormick St, Los Angeles, CA 91601.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.378
- Latitude
- 34.1662
