$1,400,000
North Hollywood, CA 91601
MLS# 224003259
Status: Closed
2 beds | 1 baths | 1014 sqft
1 / 7
Property Description
Located in the heart of NoHo Arts District and Metro Station. This 7,257 sq.ft. property offers rare R4 zoning and Zero Parking requirements. Build up to Seventy-Five ft., residential building in prime redevelopment zone. North Hollywood plans a $1 billion mixed-use development at Lankershim and Chandler, surrounding the Metro Red and Orange line terminals. The project would re-develop 15.6 acres (63,000 m2) with 600,000 square feet (56,000 m2) of commercial space and nearly 1500 residential units in three high-rise towers. The project was awarded to Trammell Crow Company and High Street Residential by the Los Angeles Metro board. The NoHo Arts District is a haven for the creative class with a significant number of performance spaces, art galleries, workshops, studios, and live music venues. Near landmarks like The Television Academy and thriving amid art installations and dance studios, Universal studios close by. The neighborhood embodies a unique blend of creative and cosmopolitan living.
Details
Maps
Listing, Location and Property Info
List Price/SqFt: 1478.3
Zip + 4: 2412
General Property Information
Baths - 1/4: 0
Construction Status: Unknown
Property Attached: No
ADU Y/N: No
Beds Total: 2
Baths Full: 1
Living Area: 1014
Baths Total: 1
Lot Size Acres: 0.17
Lot Size Square Feet: 7257
Year Built: 1950
Property Info
Lot Size Dimension Description: 50/145
View: No
Entry Floor Number: 1
Pool: No
Spa: No
Fireplace: No
Senior Community: No
Stories: 1
Status Change Info
Sold Price/SqFt: 1380.67
Seller Concessions: No
Purchase Contract Date: 2024-10-24
Close Date: 2024-10-24
Close Price: 1400000
Land Lease Type
Fee Simple: 1
Special Conditions
Standard: 1
Terms
Cash: 1
Financing
Cash: 1
Disclosures
Redevelopment Area: 1
Levels
One: 1
Entry Location
Main Level: 1
Sold Terms
Standard Sale: 1
Flooring
Other: 1
HOA Information
HOA: No
Parking Spaces/Information
Total Garage Spaces: 2
RV: No
Listing Location and Property Info
Status: Closed
Listing Contract Date: 2024-08-05
Sold Price: $1,400,000
Current Price: $1,400,000
Property Sub Type: Own Your Own
Street #: 5535
Street Name: Elmer
Street Suffix: Avenue
County: Los Angeles
State: CA
Postal Code: 91601
Parcel Number: 2350008044
MLS Area: NHO - North Hollywood
Country: US
Property Features
Land Lease Type: Fee Simple
Special Conditions: Standard
Terms: Cash
Disclosures: Redevelopment Area
Levels: One
Entry Location: Main Level
Listing Office: RE/MAX ONE
Listing Agent: Jeb Adams | jeb@jebadams.com
Agent Email: jeb@jebadams.com
Last Updated: October - 24 - 2024
Based on information from the CSMAR Multiple Listing as of [date the AOR/MLS data was obtained]. 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.