11202 Oxnard Street, North Hollywood, CA 91606
- $925,000
- 4
- BD
- 2
- BA
- 1,725
- SqFt
Listing courtesy of Listing Agent: Daniel Shamooelian (daniel@dsrealestate.com) from Listing Office: Keller Williams Beverly Hills.
- List Price
- $925,000
- Status
- ACTIVE
- Days on Market
- 177
- Price Change
- ▼ $50,000 1788390864
- MLS#
- 26665193
- Subtype
- Residential Income
- Year Built
- 1950
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 1,725
- Lot Size
- 7,068
- Acres
- 0.16
- MLS Area Major
- North Hollywood (NHO)
Property Description
NEW PRICE! RTI 5-UNIT DEVELOPMENT OPPORTUNITY IN NORTH HOLLYWOOD! We are pleased to present a prime development opportunity featuring approved plans to convert the existing duplex into a brand-new 3-story triplex plus two detached ADUs, resulting in a five-unit project totaling approximately 8,174 SF. The approved unit mix consists of two 2-bedroom/2-bath units, one 3-bedroom/3-bath unit, and two 4-bedroom/3-bath units. Situated on a flat 7,065 SF RD2-zoned corner lot, the property offers an attractive development opportunity approximately one mile from the NOHO Arts District and NOHO West, with convenient access to dining, shopping, entertainment and transportation. The existing duplex is currently tenant occupied and will be delivered with the tenants in place. Each unit currently pays approximately $1,600/month ($3,200/month total). RTI plans are available upon request, allowing a buyer to acquire an already-entitled project and determine the timing of redevelopment. Upon completion, the five-unit project is projected to generate approximately $21,000/month in gross rental income (buyer to verify). Now offered at $925,000. Contact listing agent for approved plans, reports and additional details.
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Additional Information
- Zoning
- LARD2
- Stories
- One Level
- Levels
- One
- Parking Features
- Garage
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.