12001 Valerio ST new Save Request In-Person Tour Request Virtual Tour
North Hollywood,CA 91605
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,293 sqft
Price per Sqft $267
MLS Listing ID 25553831
Bedrooms 10
HOA Y/N No
Year Built 1964
Lot Size 5,501 Sqft
Property Description
Rare opportunity to acquire a 5-unit North Hollywood apartment building with proven market rents on two repositioned leases and an eye for opportunity with remaining three units ripe with upside to unlock. Spanning a total of 4,293 sf across a 5,500 sf RD 2-1 zoned TOC Tier 1 lot in an Opportunity Zone, this property consists of a stable mix of (1) one-bedroom, (3) two-bedrooms & (1) three bedroom units. A total of five parking spaces service the building and soft story retrofit was completed in 2021. This property is ideally situated nearby transit corridors, hiking, schools, parks, and shopping, as well as easily accessible from Southern California employment hubs, such that rental demand will remain stable for the foreseeable future. Purchase price contemplates that property will be delivered with current tenants in place and will be revised upward in event of turnover.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LARD2
Interior
Heating Wall Furnace
Flooring Laminate
Fireplace No
Appliance Dishwasher,Microwave,Refrigerator,Dryer,Washer
Laundry Common Area
Exterior
Parking Features Assigned,Carport,Driveway,One Space
Carport Spaces 3
Community Features Gated
Total Parking Spaces 6
Building
Faces South
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2317014009
Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)
Special Listing Condition Standard