15,048 sq ft parcel, zoned LAC2, LARD1.5, R3. The City of Los Angeles is in desperate need of affordable housing for 62+. This project, 4 years in predevelopment, represents a plan to assist in the city's effort to house the elderly. Located in North Hollywood in the Eastern San Fernando Valley this is one of the most densely populated neighborhoods in the Valley. It is home to the NOHO arts district and the Academy of Television Arts and Sciences. It is a major transportation hub with a nearby international airport and freeway accessibility and the Orange line busway and the Red Line subway. The property is a few steps away from a bus stop on Laurel Canyon Blvd. The development will be delivered 72 units RTI fully entitled, 66 1's and 6 studios with 4 story construction and is located in an opportunity zone. The permit fees will be paid by the Buyer. The property is entitled with no parking. There are no off site requirements, no school fees, no linkages, and no relocation fees. Due diligence includes, Blueprints and plans, HACLA guidance, GC bids, Soils reports, Developers Proforma analysis, Brokers Development analysis, Methane report, Letter of Determination, Preliminary Zoning Assessment from City with approval for 72 units, and the Prelim. The total yearly forecasted rent is $2,050,000 per yr. on an estimated projected cost basis of $15,000,000 mil including the land and entitlement and hard and soft construction costs.