Price Reduction - New Construction
5614 Fulcher Avenue North Hollywood, CA
$ 1,990,000
Property Attributes
  • MLS#21690972
  • TypeLand
  • CityNorth Hollywood
  • AreaNorth Hollywood
  • Zip91601
  • Style
  • Price$ 1,990,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size9,228 SqFt
Listing Provided Courtesy Of:
Daniel Shamooelian with BRC Advisors- BH.
Data Source:
Property Description

MAJOR PRICE REDUCTION!! We are pleased to present for sale a PRIME C2 TOC Tier 3 Development Opportunity located in the heart of North Hollywood! Lot size is approximately 9,228 sqft, meaning a developer may be able to build 23 units by right or up to 41 units utilizing TOC incentives! (under ~$50,000/door with TOC!!!!) TOC Tier 3 verification from the city of LA can be provided to any buyer. The site is also located within a qualified Opportunity Zone which may provide for increased tax benefits. The property is located within walking distance to the Noho Red/Orange Line on Lankershim, as well as all the shopping, restaurants, and entertainment that the Noho Arts District has to offer its tenants! Current improvements include a commercial structure currently being used by the owner as an office (no tenant relocation or RSO to deal with here!!). Lots of new construction nearby. DO NOT MISS this opportunity to build in one of LA's hottest neighborhoods super close to NOHO ARTS! Buyer to verify all zoning with LADBS and all relevant city departments. Property to be sold As-Is. This opportunity WILL NOT LAST!!

Price History
2/9/2021 Listed $2,300,000
3/2/2021 5% - $2,195,000
4/7/2021 5% - $2,099,000
5/28/2021 5% - $1,995,000
6/10/2021 1% - $1,990,000

General Features

Co-Listing Agent State License # 02022101
Listing Agent Daniel Shamooelian - BRE#01984269
Listing Agent State License 01984269
MLS Area NHO - North Hollywood
Property Type Land
Special Listing Conditions Standard
View None
Zoning LAC2

Exterior Features

Lot Size Acres 0.21
Lot Size Area 9228
Lot Size Square Feet 9228
Lot Size Units Square Feet


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 91601

AVG $3.12M
AVG 36
AVG 83
Data Provided by Walkscore ® not using MLS data

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