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North Hollywood, CA 91605 6944 Radford Avenue

$1,498,000

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Presented By: Tony Diaz with Smart Equity Realty Inc; 818-826-9938
  • MLS# SR23049997
  • 03/27/2023
  • Request Tour
  • Request Info
  • BedBeds • 4
  • BathBaths • 3
  • FootageSQFT • 2,420
  • GarageGarage • 4

Home Details

Attention investors, builders, and developers! Four-plex rare opportunity on a corner lot 9,000 Sqft. Zoning LARD3-1, with an incredible opportunity to build up to 18 units, or you can choose to build 2 ADUs, one in each two-car garage. Currently, there are a total of 4 units, each offering 1 bed and 1 bath. Each unit has a reserved parking space, electric and gas meter. Buy it and start building a completely new 14,400 Sqft 3-story complex with 18 units and 36 bedrooms! Just minutes away from the Bob Burbank Airport, Hollywood, and Universal Studios, the newly built NOHO West Shopping Plaza; is one of the area's latest developments where you can find the Regal movie theatre, Trader Joe’s, Starbucks, restaurants, boutiques, etc. Per Zimas.lacity.org, the property is an "Eligible Site ED 1" and may be applied to a shelter or 100% Affordable Housing Project on the site. Eligible projects receive expedited processing, clearances, and approvals through the ED 1 Ministerial Approval Process.
Presented By: Tony Diaz with Smart Equity Realty Inc; 818-826-9938

Interior Features for 6944 Radford Avenue

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixAvenue

General for 6944 Radford Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityNorth Hollywood
Community FeaturesSidewalks, Valley
Contingency1031 Exchange
CoolingCentralAir
CountyLos Angeles
Days on Market379
DirectionsLaurel Cyn North, right on Hart St.
Garage Spaces4.0
Garage Y/NYes
Gross Income47700.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense1100.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsItem1031Exchange
Lot Size Square Feet9000.0
MLS AreaNHO - North Hollywood
MobileHomeRemainsYNNo
Net Operating Income7273.0
New ConstructionNo
Open Parking Spaces6.0
Operating Expense40427.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameRadford
Tax Lot21
Tenant PaysCableTV, Electricity, Gas
Total Units4
Trash Expense2400.0
UtilitiesElectricityConnected, NaturalGasAvailable, NaturalGasConnected
View Y/NNo
Water Sewer Expense1398.0
Waterfront Y/NNo
Year Built1949
Year Built SourceAssessor
ZoningLAR3

Exterior for 6944 Radford Avenue

Building Area Total2420.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot, Level, NearPublicTransit, Walkstreet
Lot Size Acres0.2066
Lot Size Area9000.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned, Asphalt, DoorSingle, Driveway, Garage, GarageFacesSide
SpaNo
Total Parking10.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,498,000
MLS#SR23049997
List Date 03/27/2023
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors