4908 Tujunga Avenue

    North Hollywood, CA 91601
    • $1,149,999
    • STATUS: Active
    • ON SITE: 74 days
    • ID#: 18414560
    UPDATED: 34 min ago
    $1,149,999
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,097
      SQFT
    • $548
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    Description

    We are pleased to present a Beautiful Triplex/Exclusive Development Opportunity in the NoHo Arts District, a vibrant community in North Hollywood. Currently, there is a 2,097 Square Foot Triplex built in 1940 made up of three (3) one bedroom/one bath units on the parcel. All units are currently leased with Month to Month Tenants in place. Further, there is a 3 car garage with storage in the rear of the building. This lot is approximately 6,466 Square Feet zoned LAR3 just across the street from the Valley Village Park. At $178 per Lot Square Foot along with the relocation of only 3 tenants, this parcel represents a great opportunity for a developer to build approximately 8 apartment or condo units. Savvy Developers should consider the possibility of constructing a 12 Unit building on the lot as this property is considered in a Tier 1 Transit Oriented Community in which the density of number of units may be increased by 50%. Buyers to Verify all remarks with the city.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-23T16:39:39.033. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/89996675

    4908 Tujunga Avenue North Hollywood, CA 91601

    • Price: $1,149,999
    • Status: Active
    • Updated: 34 min ago
    • ID#: 18414560
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,097
    SQFT
    $548
    $/SQFT
    1940
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    We are pleased to present a Beautiful Triplex/Exclusive Development Opportunity in the NoHo Arts District, a vibrant community in North Hollywood. Currently, there is a 2,097 Square Foot Triplex built in 1940 made up of three (3) one bedroom/one bath units on the parcel. All units are currently leased with Month to Month Tenants in place. Further, there is a 3 car garage with storage in the rear of the building. This lot is approximately 6,466 Square Feet zoned LAR3 just across the street from the Valley Village Park. At $178 per Lot Square Foot along with the relocation of only 3 tenants, this parcel represents a great opportunity for a developer to build approximately 8 apartment or condo units. Savvy Developers should consider the possibility of constructing a 12 Unit building on the lot as this property is considered in a Tier 1 Transit Oriented Community in which the density of number of units may be increased by 50%. Buyers to Verify all remarks with the city.
    Exterior Features

    Lot Size Units Square Feet Parking Features Garage - Three Door Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Gross Multiplier 0.00 Gross Operating Income 46720.00 Improvements Amount 212141 Land Value 311980 Laundry YN Yes Net Operating Income 23063.00 Special Listing Conditions Standard Total Expenses 23207.00 Zoning Lar3

    Listing provided courtesy of Jonathan Prakash of Keller Williams Silicon Beach and Derrick Vartanian of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-23T16:39:39.033. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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