36-Unit Development Site at 5614 Fulcher Avenue
FOR SALE
$2,590,000
5614 Fulcher Avenue, North Hollywood, CA 91601
Property Description
- 36-Unit Redevelopment in North Hollywood
- Will be delivered RTI (Ready to Issue)
- Type III-A (Apartments) & Type I-A (Parking Garage)
- 27 Parking Stalls
- Opportunity Zone
- 20 two-bedroom units and 16 one-bedroom units
- Net Rentable: 27,731 sq. ft.
- Total Building Envelope: 34,317 sq. ft.
- Located just north of Burbank Blvd. and west of Vineland Ave.
Property Details
Asset Type
Development Site
Zoning
LAC2
Lot Size
9,228 SF
Submarket
North Hollywood
ZIP
91601
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$147,335
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$12,278
Annual Debt Service
$147,335
View on Map
Address
5614 Fulcher Avenue
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North Hollywood Development Site Market Snapshot
Boundary boundary · Development Site · Sale
No investors found in this market.
