11319 MCCORMICK Street

Triplex situated on a small residential street in the North Hollywood Arts District. The triplex consists of Two 2Bd/1Ba units in a two-story structure at the front of the property and a Studio unit in the rear of the property. As the current use, this is a value add deal with approximately 60% rental upside. However… due to the very attractive C4 Zoning, this property could be re-developed. A developer can build 18 units by right, and is TOC/Tier 4 Designation (check with city). The property is only a few blocks away from Lankershim Blvd and Magnolia Blvd. It has a 94 Walk Score. In addition, this block of McCormick Street has a church, elementary school and is right by the North Hollywood Recreation Center Park and facilities. This is the first time this property has been on the market in 28+ years. Read More