Developers, here is your next opportunity to build a new construction fourplex (or possibly a fourplex + ADU/JADUs)! 5720 Fulcher Ave is a NON-TENANT OCCUPIED single family residence located on an enormous (7,000 SF) flat lot in the NoHo Arts District! This land is as rare as they come, and at $1,099,000 itll move fast. From the unbeatable NoHo location (hottest rental market in the Valley) to the large lot size to the lack of rent control on the future building, we predict that a new construction project on this lot will go for $3,100,000/$3,200,000 on the low end. With the ADU potential, we expect $3,500,000+. Nearby NoHo new construction projects are closing escrow in the coming weeks at $3,450,000 (fourplex) and $3,600,000 (fourplex + micro-ADU), providing strong evidence of exceptional value on a completed NoHo project. Whether you plan to build and hold or build and sell, the numbers pencil both ways. Jump on this deal before it goes.
Developers, here is your next opportunity to build a new construction fourplex (or possibly a fourplex + ADU/JADUs)! 5720 Fulcher Ave is a NON-TENANT OCCUPIED single family residence located on an enormous (7,000 SF) flat lot in the NoHo Arts District! This land is as rare as they come, and at $1,099,000 itll move fast. From the unbeatable NoHo location (hottest rental market in the Valley) to the large lot size to the lack of rent control on the future building, we predict that a new construction project on this lot will go for $3,100,000/$3,200,000 on the low end. With the ADU potential, we expect $3,500,000+. Nearby NoHo new construction projects are closing escrow in the coming weeks at $3,450,000 (fourplex) and $3,600,000 (fourplex + micro-ADU), providing strong evidence of exceptional value on a completed NoHo project. Whether you plan to build and hold or build and sell, the numbers pencil both ways. Jump on this deal before it goes.