5614 Fulcher AveLos Angeles, CA 91601

This exceptional 9,228 square foot land parcel in Los Angeles, CA (APN 2337-029-005), presents a prime redevelopment opportunity. Located in the desirable North Hollywood neighborhood, just north of Burbank Boulevard and west of Vineland Avenue, this property boasts convenient access to the 170, 101, 134, and Interstate 5 freeways. Zoned LAC2, the site has already received approvals for a 36-unit apartment complex, ready to issue building permits (RTI). The project encompasses a total building envelope of 34,317 square feet, with a net rentable area of 27,731 square feet. The planned development includes a mix of 20 two-bedroom/two-bathroom units and 16 one-bedroom/one-bathroom units, along with 27 parking stalls, distributed across two stories of on-grade parking (Type I-A) and five residential stories (Type III-A). This is a truly unique opportunity to capitalize on the high demand for residential units in this thriving area, further enhanced by its location within an Opportunity Zone, offering significant tax advantages. The asking price is $2,590,000. Don't miss this chance to acquire a fully approved, ready-to-build multifamily project in a prime location.