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Listed by Reza Ghobadi • Reza Ghobadi
$ 4,695,000
Est. payment | /mo
9,435 SqFt
$ 4,695,000
Est. payment | /mo
9,435 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,435 sqft
Price per Sqft $497
MLS Listing ID CRSR25010602
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1953
Lot Size 0.448 Acres
Property Sub-Type Other
Property Description
The Buildings: This 18-unit apartment building is a standout property featuring three separate structures on an expansive 19,496 square foot lot. The units offer a versatile mix of studio, one-bedroom, and two-bedroom apartments, providing approximately 9,435 square feet of total living space. Additionally, the property includes 20 dedicated parking spaces, offering convenience and added value for tenants. With LAR3 zoning and TOC Tier 3 incentives, the property presents excellent potential for future development or redevelopment, making it an investor’s dream in the heart of Los Angeles. Public Transportation and Desirable Demographics: The property is ideally located just minutes from the North Hollywood Metro Station, which serves the Red Line subway and the Orange Line bus rapid transit. This ensures quick access to Downtown LA, Hollywood, and other major hubs, making it perfect for professionals, artists, and young families. The neighborhood’s artistic vibe and proximity to entertainment industries continue to attract a growing population of renters, making it an ideal spot for long-term rental income. Property History: This property has an intriguing history of strategic modifications that have maximized its potential over the decades: 1949: The front house was converte
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Building
Water Public
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Melanie Peterson-Katz
Partner | Lic# 00890767