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,… Read More 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 and construction cost estimate 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! Read Less
Courtesy of Keller Williams Beverly Hills 310-432-6400
Listing Snapshot
Days Online
18
Last Updated
Property Type
Other
Beds
4
Square Ft.
1,725
Lot Size
0.16 Acres
Year Built
1950
MLS Number
26665193
30 Days Snapshot Of 91606
$1.93M
+179%
(avg) sold price
1
-75%
home sold
36
-67%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
1,725 sq ft, Built in 1950, Levels: One, Attached
Disclosures
As Is
Garage
Garage
Lot
LotAcreage: 0.1623, LotSizeArea: 7,068
Parking
TotalParking: 0
Property
NumberOfUnits: 2, Zoning: LARD2
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