5110 Bakman Avenue, North Hollywood, CA 91601

$400,000 Reduction. Motived Seller. Bring all offers. 16,874 sq. ft. R-4 Zoned development opportunity is located in the heart of the NoHo Arts District, 20 minutes from Downtown L.A. Presently a 20 unit building, built in 1956. It is located south of Magnolia, North of Camarillo between Lankershim and Tujunga Ave. Property lies withing the TOC (Transit Oriented Communities Program) that allows for site to be developed for up to 72 units, if used. Buyer to verify with City. Rare opportunity to construct a high density build near a major transit system. (Metro/Subway) Very trendy area. Walk score is 93. Next to a park, steps from restaurants, coffee houses, cinemas, outdoor cafes. 2.5 miles from Universal Studios.