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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$3,250,000

Est. payment - /mo

0.37 Acres Lot

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25271090

HOA Y/N No

Year Built 1919

Lot Size 0.365 Acres

Property Sub-Type Mixed Use

Property Description

Major price adjustment - Owner wants this sold - Eight charming Craftsman homes on a rare large approximately 16,000 sq. ft. TOC lot in a garden setting, beautiful mature trees, in Hollywood's entertainment and lifestyle neighborhood. Each home has been upgraded with granite counter tops, but still maintain the character and design of the Arts and Crafts design with built in generous sized cabinets, hardwood floors, front porch, side yard and a space for a personal garden for each of the homes.
Within walking distance of public transportation, Target, Home Depot, Walgreens, Food 4 Less, Ralphs, Ross For Less, Pets Mart, Starbucks and other retail stores and restaurants. Close to Netflix offices, KTTV, Paramount Studios, KTLA and other entertainment venues.
Due to its large lot size, explore the potential for developing a three story, multifamily project. Enjoy a strong gross income of $196,690 per annum during entitlement.
All information provided with no warranties expressed or implied. Broker has not verified nor will broker verify the income or expenses or any other information. Buyer to perform its own due diligence and rely on its experts as to the value, current rents and potential market rents, property conditions, lot size or unit sizes.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Interior

Interior Features Granite Counters

Fireplaces Type Bath, Electric, Gas, Kitchen, Living Room, Outside

Fireplace Yes

Appliance Gas Range, Water Heater

Laundry Inside

Exterior

Pool None

Community Features Biking, Curbs, Street Lights, Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Bungalow, Custom, See Remarks

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5544022016

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Vic Deirmendjian Vic J. Diermendjian 818-519-6755, DRE #00599219

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1537 N Serrano AVE N Los Angeles, CA 90027