$3,800,000
$4,150,000
8.4%For more information regarding the value of a property, please contact us for a free consultation.
0.27 Acres Lot
SOLD DATE : 06/25/2021
Key Details
Sold Price $3,800,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC21028666
Sold Date 06/25/21
HOA Y/N No
Year Built 1986
Lot Size 0.270 Acres
Property Sub-Type Apartment
Property Description
This is a unique opportunity to purchase a 15 units (studios) apartment building located in the North Hollywood's OPPORTUNITY ZONE. Additionally, the subject was constructed in 1986 and may not be restricted by rent control guidelines by the city of Los Angeles; Still applies to California State Laws.
The subject property is well-located for multi-family development. It lies within a predominantly multi-family district, the Noho Arts District and has several major transportation corridors in close proximity.
EXCELLENT VALUE-ADD INVESTMENT IN OPPORTUNITY ZONE!
The property includes a new roof.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LAR4-1L
Interior
Heating Space Heater
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Detached Carport, Driveway
Carport Spaces 5
Fence Electric
Pool None
Community Features Suburban
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Amenities Available Controlled Access, Electricity, Gas, Water
View Y/N No
View None
Roof Type Flat
Total Parking Spaces 15
Private Pool No
Building
Lot Description Cul-De-Sac, Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2350005065
Security Features Security Gate
Energy Description 3500.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Other
Special Listing Condition Standard
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Bought with Jeffrey Louks • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "