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$ 2,900,000
Est. payment | /mo
0.73 Acres Lot
$ 2,900,000
Est. payment | /mo
0.73 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26103714
Lot Size 0.729 Acres
Property Sub-Type Lots/Land
Property Description
We are proud to represent this 31,730 sf lot that is zoned R-3. The property is currently an 8 unit apartment building with six unit rented. A developer can enjoy some rental income while getting the building entitled or keep the existing structure and add ADU's to the existing property. This is a rare opportunity to purchase a 31,730 square foot lot. The property was constructed in 1955. Its unit mix consists of (2) studio units, (2) 1+1 units, (3) 2+1 units, and (1) 3+2 unit. With a lot size of 31,730 square feet, the property has a total of 5,224 rentable square feet. North Hollywood offers many things to see and do, especially in its NoHo Arts District, which has been greatly expanding into a hip, pedestrian-friendly urban village. North Hollywood has historic shopping and interesting local restaurants and bars that make it a diverse, thriving neighborhood. It is home to many theatres, art galleries, cafes, music recording venues, and shops. Its residents have easy access of public transportation with the Metro rail stations and the North Hollywood Red Line and Orange line bus ways. They also have easy access to the 101, 170, and 134 freeways. North Hollywood is currently working on a $1 billion mixed-use development at Lankershim and Chandler; the project will re-develop 15.6 acres of commercial and residential space, including 562 residential units and three high-rise office towers. This, combined with an already thriving Arts District, makes North Hollywood a smart place to invest.
Location
State CA
County Los Angeles
Direction Great location in North Hollywood rental pocket
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 2338001008
Listed by Cindy Hill, DRE#00885625 Equity Union
NEARBY SCHOOL & BUSINESS
1420 Kettner Blvd Ste 100, San Diego, California, 92101, USA