$975,000
$999,900
2.5%For more information regarding the value of a property, please contact us for a free consultation.
1,986 SqFt
SOLD DATE : 06/17/2020
Key Details
Sold Price $975,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,986 sqft
Price per Sqft $490
MLS Listing ID SR20052121
Sold Date 06/17/20
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1951
Lot Size 0.306 Acres
Acres 0.3063
Property Description
Perfect property for Investor or Builder - located along the coveted Chandler Corridor in North Hollywood and close to Freeways, public transportation and the NoHo District. The property consists of almost 1/3 of an acre and is zoned LARD1.5 which might allow you to build up to 8 units. Cap Rate when fully rented is 4.8% and the GRM is 14.35. This area is experiencing tremendous growth with new construction plus an influx of retail development, including the highly anticipated NOHO West shopping center, opening in 2020. Confirmed tenants include Trader Joes, 24 hr Fitness, Regal Cinemas & more. Currently built as a triplex with two 1 bedroom and 1 bath units and one 2 bedroom one bath unit. Two of the units will be delivered VACANT and they have been remodeled in 2020 with some of the following: new appliances, French Door Refrigerator, new paint, new flooring, wood paneled ceiling, shaker cabinets, new plumbing and light fixtures. There is fresh Exterior Paint and a New Roof plus 2 remodeled units! Don’t miss the laundry room and three separate covered garages plus space to park at least 6 more cars. There is a new roof on the both the main building and the parking garage. PLEASE DO NOT DISTURB TENANT IN UNIT #1. OFFERS SUBJECT TO INSPECTION ONLY.
Location
State CA
County Los Angeles
Area Vvl - Valley Village
Zoning LARD1.5
Rooms
Ensuite Laundry Common Area
Interior
Interior Features Recessed Lighting
Laundry Location Common Area
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Free-Standing Range, Microwave, Refrigerator
Laundry Common Area
Exterior
Garage Spaces 3.0
Garage Description 3.0
Fence Wood
Pool None
Community Features Curbs, Street Lights
Utilities Available Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Roof Type Composition,Shingle
Total Parking Spaces 8
Private Pool No
Building
Lot Description 2-5 Units/Acre, Back Yard, Cul-De-Sac, Irregular Lot, Street Level
Story One
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 2348001045
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan
Financing Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Matthew McPherson • Media West Realty,Inc.