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Diego Magdaleno

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

$975,000

Est. payment - /mo

4 Beds

2 Baths

1,725 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,725 sqft

Price per Sqft $565

MLS Listing ID 26665193

Bedrooms 4

HOA Y/N No

Year Built 1950

Lot Size 7,069 Sqft

Property Description

REDUCED! We are pleased to present a prime RTI Development Opportunity in North Hollywood. This corner lot property comes with approved plans to convert the existing duplex into a brand new 3-story triplex plus two detached ADUs, resulting in a five-unit project featuring an attractive unit mix of two 2-bedroom/2-bath units, one 3-bedroom/3-bath unit, and two 4-bedroom/3-bath units, totaling 8,174 sqft. Situated on a flat 7,065 SF RD2-zoned corner lot, the configuration allows for optimal design efficiency and site layout. The property is ideally located approximately one mile from the NOHO Arts District and the NOHO West Shopping Complex, offering convenient access to popular dining, shopping, entertainment, and transportation options. RTI plans are available upon request, allowing a buyer to move forward with development immediately. The completed project is projected to generate approximately $21,000 per month in gross rental income. The property currently consists of a tenant-occupied duplex, though it may be delivered vacant at the close of escrow. No tenant relocation or SB 8 clearance will be required for the approved conversion + addition, creating a streamlined path to construction. Contact listing agent for plans, reports, and additional details!

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LARD2

Interior

Fireplace No

Exterior

Parking Features Garage

Building

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 2337011020

Special Listing Condition Standard

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Listed by Daniel Shamooelian Keller Williams Beverly Hills #01984269

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11202 Oxnard ST North Hollywood, CA 91606