Perfect property for Investor or Builder - located along the coveted Chandler Corridor in North Hollywood and close to Freeways, public transportation and the NoHo District. The property consists of almost 1/3 of an acre and is zoned LARD1.5 which might allow you to build up to 8 units. Cap Rate when fully rented is 4.8% and the GRM is 14.35. This area is experiencing tremendous growth with new construction plus an influx of retail development, including the highly anticipated NOHO West shopping center, opening in 2020. Confirmed tenants include Trader Joes, 24 hr Fitness, Regal Cinemas & more. Currently built as a triplex with two 1 bedroom and 1 bath units and one 2 bedroom one bath unit. Two of the units will be delivered VACANT and they have been remodeled in 2020 with some of the following: new appliances, French Door Refrigerator, new paint, new flooring, wood paneled ceiling, shaker cabinets, new plumbing and light fixtures. There is fresh Exterior Paint and a New Roof plus 2 remodeled units! Don't miss the laundry room and three separate covered garages plus space to park at least 6 more cars. There is a new roof on the both the main building and the parking garage. PLEASE DO NOT DISTURB TENANT IN UNIT #1. OFFERS SUBJECT TO INSPECTION ONLY.
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