North Hollywood, CA 91606,11843 Hamlin Street
North Hollywood, CA 91606,11843 Hamlin Street
North Hollywood, CA 91606,11843 Hamlin Street
$1,750,000
Est. payment /mo
$2,000,000
12.5%
Est.Price: ?

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7 Beds
4 Baths
8,996 Sqft Lot
SOLD DATE : 12/02/2022

Key Details

Sold Price $1,750,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID BB22071511

Sold Date 12/02/22

Bedrooms 7

HOA Y/N No

Lot Size 8,996 Sqft

Lot Dimensions 8996

Property Description

Located in TRENDY NORTH HOLLYWOOD, just blocks from the 170 Freeway and NoHo Arts District, this 8-unit apartment building offers a multitude of development and commercial opportunities. Below-market rents present an OPPORTUNITY for an enterprising investor looking for an income property with considerable upside potential. The building was RETROFITTED IN 2019 in accordance with the City of Los Angeles Ordinance 183893 and is compliant with all earthquake structural improvements. UPGRADES: Full double-pane window replacement done in 2020. New roof replaced in 2015. Plumbing replaced to copper in 2021. All units have been remodeled to include laminate floors and some units have upgraded bathrooms and kitchens. Building has been METICULOUSLY MAINTAINED providing the new owner with minimal deferred maintenance. Building is a PRIME CANDIDATE for ADU development, which could turn this building into a 10-12 plex. PRIME LOCATION in the up-and-coming NoHo Arts District with close access to the 170 and 101 Freeways as well as major retailers like Trader Joes, Home Depot, Costco and top entertainment venues. BLOCKS from the NoHo West Shopping Development and the North Hollywood Recreation Development.
Located in TRENDY NORTH HOLLYWOOD, just blocks from the 170 Freeway and NoHo Arts District, this 8-unit apartment building offers a multitude of development and commercial opportunities. Below-market rents present an OPPORTUNITY for an enterprising investor looking for an income property with considerable upside potential. The building was RETROFITTED IN 2019 in accordance with the City of Los Angeles Ordinance 183893 and is compliant with all earthquake structural improvements. UPGRADES: Full double-pane window replacement done in 2020. New roof replaced in 2015. Plumbing replaced to copper in 2021. All units have been remodeled to include laminate floors and some units have upgraded bathrooms and kitchens. Building has been METICULOUSLY MAINTAINED providing the new owner with minimal deferred maintenance. Building is a PRIME CANDIDATE for ADU development, which could turn this building into a 10-12 plex. PRIME LOCATION in the up-and-coming NoHo Arts District with close access to the 170 and 101 Freeways as well as major retailers like Trader Joes, Home Depot, Costco and top entertainment venues. BLOCKS from the NoHo West Shopping Development and the North Hollywood Recreation Development.

Location

State CA

County Los Angeles

Area North Hollywood (91606)

Zoning Assessor

Building

Story 2

Lot Size Range 7500-10889 SF

Level or Stories 2 Story

Others

Monthly Total Fees $102

Acceptable Financing Cash, Conventional, Exchange, Land Contract

Space Rent $1,121

Listing Terms Cash, Conventional, Exchange, Land Contract

Financing Cash

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Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353

Our team is ready to help you sell your home for the highest possible price ASAP


San Diego Regional MLS (SDMLS)
Listed by Warren Tardif • Amalgamated Concepts Inc
Bought with Warren Tardif • Amalgamated Concepts Inc
agent-avatar

+1(858) 753-3353

kobezimmerman@bhhscalifornia.com

955 Orange Ave, Coronado, CA, 92118

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