$3,490,000
$3,700,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
0.5 Acres Lot
SOLD DATE : 03/30/2023
Key Details
Sold Price $3,490,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID GD22234366
Sold Date 03/30/23
HOA Y/N No
Year Built 1955
Lot Size 0.502 Acres
Property Description
Calling out all investors for this value add investment opportunity! This 18 unit building nestled in the heart of North Hollywood consists of three buildings sitting on over half an acre lot. Unit breakdown: fourteen 1 bedroom units and four 2 bedroom units. All units are tenant occupied and all tenants paying rent! With minimal expenses and huge upside in rent. Most units are rented below market value and 5 units are section 8 tenants. Here is an incredible opportunity to add value and increase rents! Offers subject to inspection. DO NOT disturb tenants.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LAR3
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 25.0
Garage Description 25.0
Pool None
Community Features Sidewalks
Total Parking Spaces 25
Private Pool No
Building
Story Two
Entry Level Two
Sewer Unknown
Water See Remarks
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2324014014
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Michael Julian • Real Estate Source Inc.
Real Estate Agent & Loan Officer | License ID: 02076931
+1(949) 226-1789 | realestateaminzarif@gmail.com