$1,299,999

Multi Family In North Hollywood

  • 4 Hab.
  • 4 Baños
  • 9,004 Sqft lot
  • Actualizado: Julio 27
  • Fuente:
    San Diego MLS  MLS#SR26162076

Sobre la propiedad

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Attention investors, builders, and developers! Four-plex rare opportunity on a corner lot 9,000 Sqft. Zoning LARD3-1, with an incredible opportunity to build up to 18 units, or you can choose to build 4 ADUs. Currently, there are a total of 4 units, each offering 1 bed and 1 bath. Each unit has an electrical and gas meter. Tenants are on a month-to-month lease. Per seller, there are two two-car ga
Attention investors, builders, and developers! Four-plex rare opportunity on a corner lot 9,000 Sqft. Zoning LARD3-1, with an incredible opportunity to build up to 18 units, or you can choose to build 4 ADUs. Currently, there are a total of 4 units, each offering 1 bed and 1 bath. Each unit has an electrical and gas meter. Tenants are on a month-to-month lease. Per seller, there are two two-car garages, one rented at $500 a month, plus an extra monthly income for parking, tenants are not entitled to parking. With in-place rents below projected market levels, the asset offers immediate and long-term upside through rent growth, improved operations, and strategic repositioning. The propertys most compelling value-add is in the zoning and the large corner lot, providing you a huge opportunity to construct an additional four ADUs or start building a new 14,400 Sqft. complex with 18 units and 36 bedrooms! Just minutes from the Bob Burbank Airport, Hollywood, Universal Studios, and the newly built NOHO West Shopping Plaza; is one of the area’s latest developments where you can find the Regal movie theatre, Trader Joes, Starbucks, restaurants, boutiques, etc. Per [hidden information], the property is an ”Eligible Site ED 1” and may be applied to a shelter or 100% Affordable Housing Project on the site (TOC). Eligible projects receive expedited processing, clearances, and approvals through the ED 1 Ministerial Approval Process. Please check with LADBS for the approved 2026 ADU California laws.
  • Tipo de propiedad

    Otros

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    1

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6944 Radford, Los Ángeles, California, Estados Unidos Ver en Google Maps
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Smart Equity Realty Inc - Encino

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Smart Equity Realty Inc - Encino
California, United States
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Smart Equity Realty Inc - Encino
Encino, California, United States
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Última actualización
Julio 27
Primera publicación
Jul 25
Referencia del anuncio
SR26162076
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