5025 Klump Avenue, North Hollywood, CA 91601
- $2,800,000
List Agent Aristide Buhoiu () 818-445-4663 Royal Estate Properties; CoList () Courtesy of Selling Office: Royal Estate Properties, Aristide Buhoiu - Selling Agent DRE# and Courtesy of Listing Office Royal Estate Properties, Aristide Buhoiu - Agent DRE#
- Sold Price
- $2,800,000
- List Price
- $4,995,000
- Closing Date
- Dec 01, 2023
- Status
- CLOSED
- MLS#
- SR23149373
- Year Built
- 2024
- Lot Size
- 11,248
- Lot Location
- Rectangular Lot
- Days on Market
- 18
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
Attention Investors & Developers: For Sale with RTI plans to build a 60 units Affordable Housing!!! Seller is open to Seller Financing with 25% downpayment and even 100% with cross collateral! Here is the opportunity to purchase a 11,249 Sq Ft LAR-4 TOC Tier3 lot in the heart of NoHo Arts District, walking distance to the metro station, restaurants, bars and some of the best entertainment NoHo has to offer! This property will be delivered with RTI plans to build 60 Affordable Housing Units built at grade with an easy type 5 construction. Buy it today at $2,995,000 entitled or RTI in 8-12 months at $4,995,000. Priced aggressively at under $83K/unit (or 50k/unit if purchased entitled now), this project is a bargain in today's LA market. One tenant is month to month.
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Additional Information
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Central Air
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
Mortgage Calculator
Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.