North Hollywood (los Angeles), CA 91605,12001 Valerio Street
North Hollywood (los Angeles), CA 91605,12001 Valerio Street
North Hollywood (los Angeles), CA 91605,12001 Valerio Street
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$1,149,000
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4,293 SqFt
New

12001 Valerio Street North Hollywood (los Angeles), CA 91605

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,293 sqft

Price per Sqft $267

MLS Listing ID CL25553831

HOA Y/N No

Year Built 1964

Lot Size 5,500 Sqft

Acres 0.13

Property Sub-Type Other

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

Zoning LARD

Interior

Heating Wall Furnace

Flooring Laminate

Fireplace No

Appliance Dryer

Laundry Common Area, Dryer, Washer

Building

New Construction No

Others

Tax ID 2317014009


Bridge MLS
Listed by Vivian Chaing • Property Concierge

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agent

Disen Cai

Agent | License ID: 01928373

+1(650) 622-2156

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12001 Valerio Street