Views
Address
10657 Moorpark Street Lot 152 North Hollywood, CA
Price
$ 1,895,000
Property Attributes
  • MLS#SR20264747
  • TypeLand
  • CountyLOS ANGELES
  • CityNorth Hollywood
  • AreaNorth Hollywood
  • Zip91602
  • Style
  • Price$ 1,895,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size9,100 SqFt
Listing Provided Courtesy Of:
Anie Mayelian with Keller Williams Encino-Sherman Oaks.
Property Description

PRICE REDUCED! A great opportunity to build and hold. The projected return on investment will be 7%, projected sales price will be 7.4m, and projected cash flow collected will be approximately 1.348m within 5 years. We are pleased to present the opportunity to acquire a ready-to-issue ("RTI") development for a modern 15 unit building in prime Toluca Lake. The building is designed with on-grade parking and 3 floors of five units each (mirrored floorplans) for quick and easy construction. The project’s building plans have received all LADBS approvals and clearances, so it is benefitted by a ready-to-issue building permit to allow for construction to commence on the day after close of escrow. The building consists of (13) one bedroom/one bathroom market rate units (no rent control!) and (2) two bedroom/one bathroom income restricted units. The units range from 579 SF - 867 SF, with an average of 709 SF. The building will be built on an already pancake flat 9,100 SF infill lot. The building is designed with luxury amenities: ±1,600 SF of private rooftop deck, views, balconies, bicycle storage, controlled access, elevator, security system, washer/dryer, and 15 parking spaces. The property is located near new retail & residential development projects and within proximity to major transportation hubs. Buyer to independently verify the accuracy of all information through personal inspection & with appropriate professionals.

Price History
1/6/2021 Listed $1,895,000

General Features

Community Features Sidewalks
Directions Moorpark St and Cahuenga Bvld
HOA Fee 0.00
Listagentaor Southland
Listing Agent Anie Mayelian - BRE#00778825
Listing Agent State License 00778825
MLS Area NHO - North Hollywood
Price Per Square Foot 208.24
Source System CRMLS
Special Listing Conditions Standard
View Neighborhood
Zoning LAR3-1-RIO

Exterior Features

Lot Features Rectangular Lot
Lot Size Acres 0.2089
Lot Size Area 9100.0000
Lot Size Source Assessor
Lot Size Square Feet 9100.00
Lot Size Units Square Feet
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91602

Price
AVG $1.46M
$1.9M
Visits
AVG 40
4

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