$2,800,000
$4,995,000
43.9%For more information regarding the value of a property, please contact us for a free consultation.
5025 Klump Avenue North Hollywood, CA 91601
2 Beds
Key Details
Sold Price $2,800,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR23149373
Sold Date 12/01/23
Bedrooms 2
Property Sub-Type Res Income 2-4 Units
Property Description
Attention Investors & Developers: For Sale with RTI plans to build a 60 units Affordable Housing!!! Seller is open to Seller Financing with 25% downpayment and even 100% with cross collateral! Here is the opportunity to purchase a 11,249 Sq Ft LAR-4 TOC Tier3 lot in the heart of NoHo Arts District, walking distance to the metro station, restaurants, bars and some of the best entertainment NoHo has to offer! This property will be delivered with RTI plans to build 60 Affordable Housing Units built at grade with an easy type 5 construction. Buy it today at $2,995,000 entitled or RTI in 8-12 months at $4,995,000. Priced aggressively at under $83K/unit (or 50k/unit if purchased entitled now), this project is a bargain in today's LA market. One tenant is month to month.
Location
State CA
County Los Angeles
Zoning Seller
Direction Magnolia Ave to Klump Ave and head South on Klump Ave
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 4
Level or Stories 4
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Aristide Buhoiu Royal Estate Properties
