Toluca Lake Adj.
RTI Land
A massive (11,300 SF) corner lot in an A+++ Toluca Lake Adj. location, walking distance to the heart of NoHo Arts. SB-8 exempt and non rent controlled! Delivered with premium plans for an 8-UNIT. Currently, the neighboring fourplex on Addison is in escrow at $3,325,000, a testament to the strong value of the future project!
List Price:
Lot Size:
Zoning:
Price/Lot SF:
Existing Bldg:
SB-8:
RTI Plans:
Highlights:
$1,850,000
11,300 sqft
LARD1.5
$163.72
Already Demolished SFR
Exempt
4x 4b/4.5b
1x 3b/3.5b
3x 3b/2.5b
No rent control on future project
SB-8 exempt
Delivered with RTI plans
House already demolished
Prime Toluca Lake Adj. location
Ideal lot dimensions of 100'x113'
No relocations needed
Projected exit price of $6m+
Best rental market in the Valley
Click to View Photos
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The Neighborhood
< 15-Minute Walk
Teapop, Ralphs, Eat, Kahuna Tiki, Dog Haus, Pitfire Pizza, Lankershim Arts Center, Brews Borthers, Tamashii Ramen House, The Fat Dog, Granville, Bruxie, Urban Skillet, 24 Hour Fitness, Dave’s Hot Chicken
< 10-Minute Drive
Amazon Fresh, The Federal, Laemmle NoHo 7, Player One, Orange Theory Fitness, WeWork, Lawless Brewing, In-N-Out Burger, El Portal Theater, Magnolia Park, Porto’s, the Chandler Bike Path, Tujunga Village
< 10-Minute Uber Ride
The Front Yard, Black Market Liquor Bar, Firefly, Aroma Cafe, The Thirsty Merchant, NoHo West, Target, Trader Joe’s, Bea Bea’s, Don Cuco’s, Warner Brothers Studio Tour Hollywood, Lakeside Golf Club, Empire Center
Submit your offers now!
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Massive LARD1.5 corner lot, totaling 11,300 square feet
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Can be delivered with RTI plans for a pride-of-ownership 8-unit project (7 + massive ADU).
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Already demolished- a major expense saved!
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SB-8 exempt
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No rent control on the future project
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Ideal lot dimensions of 100’ x 113’
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The neighboring fourplex is in escrow for $3,325,000, a testament to the strength of new construction sales in this low-inventory area.
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New fourplexes in this area sell for well over $3 million. With the potential to add 8 3 and 4 bed units to this lot, that translates to higher than $6 million.
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Unbeatable Toluca Lake Adj./NoHo location just moments to an unlimited supply of restaurants, shops, businesses and more!