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!

  • 17,824 SF Lot or .41 AC
  • $148/Lot SF
  • Zoning LAR4-1VL
  • For Sale at Less Than $80,000 Per Buildable Unit
  • Potential for Development – 44 Units (buyer to verify
  • Built in 1948
  • Cross Streets Otsego & Klump
  • 93 Walkscore
  • 2 Blocks from Upcoming Whole Foods
  • 2 Blocks from North Hollywood Park & 170 Freeway
  • 180′ Frontage on Otsego and 55′ on Klump (L-Shaped Lot)
  • (9) 1 Br + 1 Ba & (5) 2 Br + 1 Ba | 93% Occupancy – One Unit Vacant
  • Separate H2O Heaters, Gas & Electric Meters Each Unit
  • 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.

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