Description
Located in TRENDY NORTH HOLLYWOOD, just blocks from the 170 Freeway and NoHo Arts District, this 8-unit apartment building offers a multitude of development and commercial opportunities. Below-market rents present an OPPORTUNITY for an enterprising investor looking for an income property with considerable upside potential. The building was RETROFITTED IN 2019 in accordance with the City of Los Angeles Ordinance 183893 and is compliant with all earthquake structural improvements. UPGRADES: Full double-pane window replacement done in 2020. New roof replaced in 2015. Plumbing replaced to copper in 2021. All units have been remodeled to include laminate floors and some units have upgraded bathrooms and kitchens. Building has been METICULOUSLY MAINTAINED providing the new owner with minimal deferred maintenance. Building is a PRIME CANDIDATE for ADU development, which could turn this building into a 10-12 plex. PRIME LOCATION in the up-and-coming NoHo Arts District with close access to the 170 and 101 Freeways as well as major retailers like Trader Joe’s, Home Depot, Costco and top entertainment venues. BLOCKS from the NoHo West Shopping Development and the North Hollywood Recreation Development.
Location
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MLS# 219076566DA
$2,400,000
4 Beds
5 Baths
Listing Agent: Vlada March
Courtesy of: HomeSmart
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Listing Agent: Warren Tardif Courtesy of: Amalgamated Concepts Inc The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 1st July, 2022 5:00 PM (UTC)
