Homes for sale - 12001 Valerio ST, North Hollywood, CA 91605

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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$1,149,000

Est. payment - /mo

10 Beds

6 Baths

4,293 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,293 sqft

Price per Sqft $267

MLS Listing ID 25553831

Bedrooms 10

HOA Y/N No

Year Built 1964

Lot Size 5,501 Sqft

Property Description

Rare opportunity to acquire a 5-unit North Hollywood apartment building with proven market rents on two repositioned leases and an eye for opportunity with remaining three units ripe with upside to unlock. Spanning a total of 4,293 sf across a 5,500 sf RD 2-1 zoned TOC Tier 1 lot in an Opportunity Zone, this property consists of a stable mix of (1) one-bedroom, (3) two-bedrooms & (1) three bedroom units. A total of five parking spaces service the building and soft story retrofit was completed in 2021. This property is ideally situated nearby transit corridors, hiking, schools, parks, and shopping, as well as easily accessible from Southern California employment hubs, such that rental demand will remain stable for the foreseeable future. Purchase price contemplates that property will be delivered with current tenants in place and will be revised upward in event of turnover.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LARD2

Interior

Heating Wall Furnace

Flooring Laminate

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer

Laundry Common Area

Exterior

Parking Features Assigned, Carport, Driveway, One Space

Carport Spaces 3

Community Features Gated

Total Parking Spaces 6

Building

Faces South

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2317014009

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)

Special Listing Condition Standard

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Listed by Vivian Chaing Property Concierge

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

12001 Valerio ST North Hollywood, CA 91605