$4,595,000
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23 Beds
22 Baths
15,326 SqFt
SOLD DATE : 04/26/2022
Key Details
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 15,326 sqft
Price per Sqft $290
MLS Listing ID 21109753
Sold Date 04/26/22
Bedrooms 23
HOA Y/N No
Year Built 1962
Lot Size 0.438 Acres
Property Description
The two-story building sits mere blocks from the brand new NoHo West mixed-use development, which features over 570,000 square feet of retail, entertainment, residential, and office space. Major tenants at the site include Trader Joe's, LA Fitness, Regal Cinemas, and Starbucks. Available for the first time in nearly 43 years, the property features large floorplans, with the 16 units comprised of approximately 15,326 square feet. The current owner has completed all seismic retrofit repairs (Buyer to verify), saving the new investor a substantial amount in capital improvement costs. The laundry facilities on-site are owned by the landlord, allowing a new owner to enjoy an additional income stream. Located near the intersection of Whitsett Avenue and Oxnard Street, the property allows tenants convenient access to the 170 Freeway. The NoHo Arts District, Ventura Boulevard, and Universal CityWalk are all within a short drive, affording tenants numerous dining, entertainment, and retail options. The property sits between two emerging employment centers, as large-scale new developments and offices continue to come online in Warner Center, while studios and entertainment campuses have been expanding in Burbank and Glendale.
Location
State CA
County Los Angeles
Area Vg - Valley Glen
Zoning LAR3
Interior
Fireplace No
Exterior
Parking Features Assigned
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 2333010065
Special Listing Condition Standard
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Bought with Roderick 'Rick' Raymundo Marcus & Millichap
