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    10657 Moorpark Street

    North Hollywood, CA 91602
    • $1,895,000
    • STATUS: Active
    • ON SITE: 120 days
    • ID#: SR20264747
    UPDATED: 57 min ago
    $1,895,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    PRICE REDUCED! A great opportunity to build and hold. The projected return on investment will be 7%, projected sales price will be 7.4m, and projected cash flow collected will be approximately 1.348m within 5 years. We are pleased to present the opportunity to acquire a ready-to-issue ("RTI") development for a modern 15 unit building in prime Toluca Lake. The building is designed with on-grade parking and 3 floors of five units each (mirrored floorplans) for quick and easy construction. The projects building plans have received all LADBS approvals and clearances, so it is benefitted by a ready-to-issue building permit to allow for construction to commence on the day after close of escrow. The building consists of (13) one bedroom/one bathroom market rate units (no rent control!) and (2) two bedroom/one bathroom income restricted units. The units range from 579 SF - 867 SF, with an average of 709 SF. The building will be built on an already pancake flat 9,100 SF infill lot. The building is designed with luxury amenities: 1,600 SF of private rooftop deck, views, balconies, bicycle storage, controlled access, elevator, security system, washer/dryer, and 15 parking spaces. The property is located near new retail & residential development projects and within proximity to major transportation hubs. Buyer to independently verify the accuracy of all information through personal inspection & with appropriate professionals.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-06T19:37:22.427. 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 Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/113028632
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    10657 Moorpark Street North Hollywood, CA 91602

    • Price: $1,895,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: SR20264747
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    PRICE REDUCED! A great opportunity to build and hold. The projected return on investment will be 7%, projected sales price will be 7.4m, and projected cash flow collected will be approximately 1.348m within 5 years. We are pleased to present the opportunity to acquire a ready-to-issue ("RTI") development for a modern 15 unit building in prime Toluca Lake. The building is designed with on-grade parking and 3 floors of five units each (mirrored floorplans) for quick and easy construction. The projects building plans have received all LADBS approvals and clearances, so it is benefitted by a ready-to-issue building permit to allow for construction to commence on the day after close of escrow. The building consists of (13) one bedroom/one bathroom market rate units (no rent control!) and (2) two bedroom/one bathroom income restricted units. The units range from 579 SF - 867 SF, with an average of 709 SF. The building will be built on an already pancake flat 9,100 SF infill lot. The building is designed with luxury amenities: 1,600 SF of private rooftop deck, views, balconies, bicycle storage, controlled access, elevator, security system, washer/dryer, and 15 parking spaces. The property is located near new retail & residential development projects and within proximity to major transportation hubs. Buyer to independently verify the accuracy of all information through personal inspection & with appropriate professionals.
    Exterior Features

    Lot Features Rectangular Lot View Neighborhood View YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning Lar3-1-Rio

    Listing provided courtesy of Anie Mayelian of Keller Williams Encino-Sherman Oaks


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-06T19:37:22.427. 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 Team Forss Realty Group. Licensed in the State of California, USA.
     
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    Team Forss Realty Group
    31213 Temecula Parkway
    Temecula CA, 92592