12801 Barbara Ann Street

12801 Barbara Ann Street

North Hollywood, CA 91605

$2,400,000
Price
9,447 / 0.22
Lot Size / Acres
a picture of street with an outdoor space
an aerial view of a city
a view of a city
an aerial view of a city

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.
  1. Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 12801 Barbara Ann Street

Zoning
LARD1.5
Parcel Number
2324006055
Area
North Hollywood (NHO)
Lot Size Area
9447
Source Lot Size Area
Vendor Enhanced
Assessor Parcel Number
2324-006-055
Directions
Located just south of Sherman Wayin the Valley Glen neighborhood of North Hollywood

Location

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750
Add your commute
LISTING UPDATED: 05/13/2024 02:50 PM

Property Details for 12801 Barbara Ann Street

StatusActive
MLS #24-391191
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.22 AC
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750
Add your commute

Building Information for 12801 Barbara Ann Street

Lot Size0.22 AC

Payment Calculator

$13,337 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,098

Property Taxes

$239

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 12801 Barbara Ann Street

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Lot Acreage: 0.2169
  • Lot Size Square Feet: 9447
  • Lot Size Dimensions: 61x154
  • Source Lot Size Dimensions: Vendor Enhanced
  • Telephone: 0.0
  • Cable: 0.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 05-13-2024

Property History for 12801 Barbara Ann Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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
Coldwater Canyon Elementary School
Public - K to 5
James Madison Middle School
Public - 6 to 8
Ulysses S. Grant Senior High School
Public - 9 to 12
ISANA Palmati Academy
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near North Hollywood

Neighborhoods

Cities

ZIPs

More information about 12801 Barbara Ann Street, North Hollywood, CA 91605

12801 Barbara Ann Street is a 0.22 ac of land for sale in North Hollywood, CA 91605. This property was listed for sale on April 18, 2024 by Marcus & Millichap, it's currently listed at $2,400,000. It has been on the market for a total of 41 days and was last sold on December 4, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Coldwater Canyon Elementary School, James Madison Middle School and Ulysses S. Grant Senior High School. 12801 Barbara Ann Street is a 0-bed, 0-bath, 0.22 ac of land on a 9,447 sq. ft. / 0.22 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.