$1,015,500
$990,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
12001 Valerio ST North Hollywood, CA 91605
5,662 Sqft Lot
Key Details
Sold Price $1,015,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC21025653
Sold Date 04/23/21
HOA Y/N No
Year Built 1964
Lot Size 5,662 Sqft
Property Description
Exceptional and rare investment opportunity in a highly sought-after North Hollywood neighborhood! The property consists of a two-story five-unit apartment featuring a unit mix of (1) one-bedroom, (3) two-bedrooms & (1) three bedrooms. A total of six parking spaces service the building. We have projected rental income based on current in-place rents for the subject. The current in-place rents indicate a contract-to-market ratio of 63.22%, with approximately 37% upside rent potential.
The subject property is considered well-located for multi-family development. It lies within a predominantly multi-family district and has several major transportation corridors in close proximity. The neighborhood has good accessibility, adequate housing, and adequate shopping and services.
EXCELLENT VALUE-ADD INVESTMENT IN OPPORTUNITY ZONE!
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning RD2-1
Interior
Heating Space Heater
Cooling Wall/Window Unit(s)
Flooring Carpet, Tile, Wood
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Carport, Paved, One Space
Carport Spaces 3
Pool None
Community Features Urban
Utilities Available Cable Available, Electricity Available, Natural Gas Connected
View Y/N No
View None
Roof Type Flat
Total Parking Spaces 5
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2317014009
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Aaron Schottelkorb • eXp Realty of California Inc
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