12801 Barbara Ann Street
12801 Barbara Ann Street
$2,400,000
9,447 / 0.22
Description
12801 Barbara Ann St, located just south of Sherman Wayin the Valley Glen neighborhood of North Hollywood. The 9,433 SF lot willbe delivered fully entitled for 66 income-restricted housing units with noparking required. The project's central Valley location and proximity to major employmenthubs and the Hollywood Burbank Airport are prime for a high velocityworkforce housing lease up strategy, allowing a mission driven developerthe opportunity to support the missing middle segment given the project'sdiscount...12801 Barbara Ann St, located just south of Sherman Wayin the Valley Glen neighborhood of North Hollywood. The 9,433 SF lot willbe delivered fully entitled for 66 income-restricted housing units with noparking required. The project's central Valley location and proximity to major employmenthubs and the Hollywood Burbank Airport are prime for a high velocityworkforce housing lease up strategy, allowing a mission driven developerthe opportunity to support the missing middle segment given the project'sdiscount to surrounding market rents. Plans call for an efficient five story project, utilizing an all-wood Type IIIAconstruction. The lot currently consists of a single-family residence that willbe delivered vacant at the close of escrow, allowing a developer to breakground immediately. The finished project totals 28,774 SF and has a desirable unit mix of 65 singles(280-360 SF) and one three-bedroom (681 SF), allowing a developer to collectrents above $5 per SF. The lot is offered at a low $37,121 per buildable unit, allowing a privately fundeddeveloper the opportunity to develop a high yielding project and capture astrong return on cost with zero tax credits or government subsidies. The project also offers the unique opportunity to purchase an ED-1 projectin a qualified opportunity zone, taking advantage of potential tax benefitsincluding potential elimination of capital gains tax, greatly enhancing projectreturns. The project is located just west of the 170 Freeway accessible via ShermanWay and provides convenient access to most major neighborhoodsthroughout the Valley. The central location allows for an easy commute tonearby neighborhoods such as Sherman Oaks, Studio City, Panorama City,and Sun Valley, among others; the site is also close proximity to three metrolocal line bus stops on Sherman Way. Located in a densely populated, infill submarket of Los Angeles, the projectbenefits from retail amenities along Sherman Way & Coldwater Canyon Ave. The project is in close proximity to schools within a half mile, including JamesMadison Middle School and Coldwater Canyon Ave Elementary School.
- Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 12801 Barbara Ann Street
Zoning
LARD1.5
Parcel Number2324006055
AreaNorth Hollywood (NHO)
Lot Size Area9447
Source Lot Size AreaVendor Enhanced
Assessor Parcel Number2324-006-055
DirectionsLocated just south of Sherman Wayin the Valley Glen neighborhood of North Hollywood
Location
LISTING UPDATED: 05/13/2024 02:50 PM
Property Details for 12801 Barbara Ann Street
Status | Active |
---|---|
MLS # | 24-391191 |
Days on Market | 44 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.22 AC |
County | Los Angeles County |
Location
Building Information for 12801 Barbara Ann Street
Lot Size0.22 AC
Payment Calculator
$13,337 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 12801 Barbara Ann Street
Property History for 12801 Barbara Ann Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 12801 Barbara Ann Street
Taxable ValueLand$87,594Additions$121,455Total$209,049
Tax Record2023$2,868 ($239 / month)
Home Facts
Beds3Total Finished SqFt1,485 SqFtAbove Grade Finished SqFt1,485 SqFtStories1Lot Size9,481 SqFtStyleSingle Family ResidenceYear Built1939ZoningLARD1.5CountyLOS ANGELESAPN2324-006-055
Schools near 12801 Barbara Ann Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Coldwater Canyon Elementary School PublicK to 5 | ||
James Madison Middle School Public6 to 8 | ||
Ulysses S. Grant Senior High School Public9 to 12 | ||
ISANA Palmati Academy CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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