$950,000
$979,888
3.1%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
918 SqFt
SOLD DATE : 05/31/2024
Key Details
Sold Price $950,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 918 sqft
Price per Sqft $1,034
MLS Listing ID SR24051744
Sold Date 05/31/24
Bedrooms 2
Full Baths 1
Construction Status Fixer
HOA Y/N No
Year Built 1926
Lot Size 0.345 Acres
Property Description
Welcome to an unparalleled investment opportunity in the heart of North Hollywood! This 918 sqft uninhabitable property sits on a sprawling 15,000 sqft flat lot, making it an ideal canvas for investors and developers alike. With its unbeatable location and limitless potential, this property is a blank slate waiting to transform into something extraordinary. This expansive 15,000 sqft lot offers incredible development possibilities. Imagine the potential of constructing not one, but two spacious 2,700 sqft single-family homes, each equipped with a 1-car garage. There is potential to convert one of the garages into a 4th unit! Additionally, the property's vast footprint allows for the creation of a 1,200 sqft Accessory Dwelling Unit (ADU) at the rear, adding even more value to this investment.
This property represents a golden opportunity to capitalize on the high demand for housing in North Hollywood. Don't miss your chance to shape the future of this prime piece of real estate. Act now and turn this blank canvas into a profitable masterpiece. Contact us today to learn more about this outstanding investment opportunity!
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LAR1
Rooms
Main Level Bedrooms 2
Interior
Interior Features All Bedrooms Down
Heating None
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Fence Masonry
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
View Y/N Yes
View Neighborhood
Roof Type Composition
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Rectangular Lot, Street Level
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Fixer
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 2317002019
Acceptable Financing Cash
Listing Terms Cash
Financing Other
Special Listing Condition Standard
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Bought with Arsen Ahamian • Re/Max Optima
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "