REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Tera Rench

terarenchre@gmail.com +1(262) 370-7299

$3,300,000

Est. payment - /mo

7 Beds

7 Baths

3,916 SqFt

Save

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,916 sqft

Price per Sqft $842

MLS Listing ID 26951263

Bedrooms 7

HOA Y/N No

Year Built 1954

Lot Size 0.395 Acres

Lot Dimensions Assessor

Property Description

The Owner of this property originally purchased it in 1977. This unique multifamily property includes a 7-unit free standing apartment house with two additional vacant & contiguous LA-R3-1 zoned parcels in Tier 3 of the Transit Oriented Communities bonus density district. This property is located in a Federal Opportunity Zone. The apartment building is a two-story walk-up configuration built in 1954 with soft-story retrofit work completed. Units are all one bedroom / one bath floorplans. There is major upside in the rents & this provides an opportunity for income during the entitlement process. The building currently offers laundry facilities and 10 parking spaces. Total lot area encompasses 17,192 square feet with the two contiguous lots included. 7539 Hollywood Way is a few blocks north of the Burbank Airport placing in amongst a major employment cluster including dozens of aviation support & high technology companies, several motion picture studios and multiple regional retail shopping districts. The close proximity to the Interstate 5 Freeway provides quick access to the commumities of the eastern and western San Fernando Valleys, the Santa Clarita Valley, Downtown Los Angeles and via the 134/101 freeways the Glendale, Pasadena and the Ventura Blvd corridor communities. Please do not walk on the property or disturb the tenants. OM attached to the MLS Profile Page may be accessed in the "documents" tab.

Location

State CA

County Los Angeles

Area Sunv - Sun Valley

Zoning LAR-1 TOC Tier 3

Interior

Heating Wall Furnace

Flooring Carpet, Laminate, Vinyl

Fireplace No

Appliance Disposal

Laundry Laundry Room

Exterior

Parking Features Uncovered

Pool None

View Y/N No

View None

Roof Type Composition,Shingle

Total Parking Spaces 10

Private Pool No

Building

Faces East

Entry Level Two

Sewer Other

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2405011031

Special Listing Condition Standard

Read Less Info

CRMLS Full IDX Feed (MAIN Website Search)

Listed by James Gilb James F. Gilb #00998653

NEARBY SCHOOL & BUSINESS

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.

Payment

Schedule

Your mortgage payments over 30 years will add up to $0.

Get more info from a local expert!

Serving Southern California

Customized quick search tools to explore nearby zip codes, cities, and neighborhoods in your favorite destinations

There are 30 quick searches

Serving Arizona

Custom Quick Search Tools To Explore Nearby Zip Codes, Cities & Neighborhoods In Your Preferred Destinations

7539 N Hollywood WAY Los Angeles, CA 91505