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11812 Hart Street

North Hollywood, CA 91605
  • $2,650,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: 22153743
UPDATED: 61 min ago
$2,650,000
  • 0
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Listing Agent(s): Jeanette Monfared of Marcus & Millichap (818-212-2700)


Description

Price is for existing 12 units. Must be purchased with full RTI plans and permits for 5 additional apartment units; Shovel ready, Grading completed, pay for permits and start constrcution immediately. Total purchase price of $2,975,000. Seller may carry a first T.D. Strong current cap of 4.47% and GRM of 13.9 for existing 12 units. Copper Plumbing. All units have central heating and air conditioning. All units have newer aluminum double pane windows. Some units have individual water heaters. 11808 Hart street rehabbed in 2003. Gated and Secured entry.Enjoy strong current income from existing 12 units while adding considerable value by adding the following unit mix to the site:Two Townhouse units with 2 Bed/2.5 Baths measuring 1030 and 1035 square feet eachTwo 1 Bed/1 Bath units measuring 772 and 835 square feet eachOne Single units measuring 464 square feet.Pay for permits and start construction immediately. No tenant relocation needed. Shovel ready site.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T10:28:05.7. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/128413456
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11812 Hart Street North Hollywood, CA 91605

  • Price: $2,650,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 61 min ago
  • ID#: 22153743
0
Beds
0
Baths
0
½ Baths
0.32
Acres
1962
Built
Neighborhood:
NHO - North Hollywood
County:
Los Angeles
Area:
NHO - North Hollywood
Property Description
Price is for existing 12 units. Must be purchased with full RTI plans and permits for 5 additional apartment units; Shovel ready, Grading completed, pay for permits and start constrcution immediately. Total purchase price of $2,975,000. Seller may carry a first T.D. Strong current cap of 4.47% and GRM of 13.9 for existing 12 units. Copper Plumbing. All units have central heating and air conditioning. All units have newer aluminum double pane windows. Some units have individual water heaters. 11808 Hart street rehabbed in 2003. Gated and Secured entry.Enjoy strong current income from existing 12 units while adding considerable value by adding the following unit mix to the site:Two Townhouse units with 2 Bed/2.5 Baths measuring 1030 and 1035 square feet eachTwo 1 Bed/1 Bath units measuring 772 and 835 square feet eachOne Single units measuring 464 square feet.Pay for permits and start construction immediately. No tenant relocation needed. Shovel ready site.
Exterior Features

Carport YN Yes Parking Features Detached Carport Parking Total 0

Interior Features

Cooling None Cooling YN No Heating Central Heating YN Yes

Property Features

Association Fee 0 Gross Income 185553 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 118330 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 3 Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T10:28:05.7. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Jeanette Monfared of Marcus & Millichap (818-212-2700)