SOLD UPDATE: Dana Coronado closed on this Development Opportunity in the Prime NoHo Arts Disrict – representing both Seller and Buyer! She was able to generate 8+ offers and has the experience to work through investigations and negotiations closing in less than 50 days!
The Coronado Real Estate Group is pleased to present a rare opportunity to acquire a 14 Unit apartment Building in the prime NoHo Art’s District – Zoned LAR4-1VL!
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17,824 SF Lot or .41 AC
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$148/Lot SF
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Zoning LAR4-1VL
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For Sale at Less Than $80,000 Per Buildable Unit
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Potential for Development – 44 Units (buyer to verify
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Built in 1948
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Cross Streets Otsego & Klump
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93 Walkscore
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2 Blocks from Upcoming Whole Foods
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2 Blocks from North Hollywood Park & 170 Freeway
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180′ Frontage on Otsego and 55′ on Klump (L-Shaped Lot)
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(9) 1 Br + 1 Ba & (5) 2 Br + 1 Ba | 93% Occupancy – One Unit Vacant
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Separate H2O Heaters, Gas & Electric Meters Each Unit
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Approx. 1/2 mi to North Hollywood Metro Station
*All information provided to be deemed reliable but not guaranteed. Buyer to complete all investigations into the property and/or any matters that may or may not affect the property independently and to their own satisfaction.
*Property being sold in a portfolio of four properties, all with the potential to be sold together or separately.
Can you please send me the financials on this deal?
You can reach me at 310 955 5833 or email greg.amato@matthews.com
Thank you!
Hi Greg,
Yes, I will email the full marketing package shortly.
Best regards,
Team Coronado