Asking Price: $1,499,000

Located in the heart of NoHo Arts District and Metro Station. This 7,257 sq.ft. property offers rare R4 zoning and Zero Parking requirements. Build up to Seventy-Five ft., residential building in prime redevelopment zone.North Hollywood plans a $1 billion mixed-use development at Lankershim and Chandler, surrounding the Metro Red and Orange line terminals. The project would re-develop 15.6 acres (63,000 m2) with 600,000 square feet (56,000 m2) of commercial space and nearly 1500 residential units in three high-rise towers. The project was awarded to Trammell Crow Company and High Street Residential by the Los Angeles Metro board.The NoHo Arts District is a haven for the creative class with a significant number of performance spaces, art galleries, workshops, studios, and live music venues. Near landmarks like The Television Academy and thriving amid art installations and dance studios, Universal studios close by. The neighborhood embodies a unique blend of creative and cosmopolitan living.