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$ 925,000
Est. payment | /mo
4 Beds
2 Baths
1,725 SqFt
$ 925,000
Est. payment | /mo
4 Beds
2 Baths
1,725 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,725 sqft
Price per Sqft $536
MLS Listing ID 26665193
Bedrooms 4
HOA Y/N No
Year Built 1950
Lot Size 7,069 Sqft
Property Description
NEW PRICE! RTI 5-UNIT DEVELOPMENT OPPORTUNITY IN NORTH HOLLYWOOD! We are pleased to present a prime development opportunity featuring approved plans to convert the existing duplex into a brand-new 3-story triplex plus two detached ADUs, resulting in a five-unit project totaling approximately 8,174 SF. The approved unit mix consists of two 2-bedroom/2-bath units, one 3-bedroom/3-bath unit, and two 4-bedroom/3-bath units. Situated on a flat 7,065 SF RD2-zoned corner lot, the property offers an attractive development opportunity approximately one mile from the NOHO Arts District and NOHO West, with convenient access to dining, shopping, entertainment and transportation. The existing duplex is currently tenant occupied and will be delivered with the tenants in place. Each unit currently pays approximately $1,600/month ($3,200/month total). RTI plans are available upon request, allowing a buyer to acquire an already-entitled project and determine the timing of redevelopment. Upon completion, the five-unit project is projected to generate approximately $21,000/month in gross rental income (buyer to verify). Now offered at $925,000. Contact listing agent for approved plans, reports and additional details.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LARD2
Interior
Fireplace No
Exterior
Parking Features Garage
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 2337011020
Special Listing Condition Standard
Listed by Daniel Shamooelian Keller Williams Beverly Hills #01984269
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "