SOLD
$2,800,000
Date 12/01/2023

5025 Klump Avenue
North Hollywood, CA 91601

Apartment
Residence
27,200
Sqft
0.2582
Lot Size
Listing Agent: Aristide Buhoiu CalDRE: 01322666 - Royal Estate Properties

Description for 5025 Klump Avenue North Hollywood, CA 91601

Attention Investors & Developers: For Sale with RTI plans to build a 60 units Affordable Housing!!! Seller is open to Seller Financing with 25% downpayment and even 100% with cross collateral! Here is the opportunity to purchase a 11,249 Sq Ft LAR-4 TOC Tier3 lot in the heart of NoHo Arts District, walking distance to the metro station, restaurants, bars and some of the best entertainment NoHo has to offer! This property will be delivered with RTI plans to build 60 Affordable Housing Units built at grade with an easy type 5 construction. Buy it today at $2,995,000 entitled or RTI in 8-12 months at $4,995,000. Priced aggressively at under $83K/unit (or 50k/unit if purchased entitled now), this project is a bargain in today's LA market. One tenant is month to month.

Property Details

SR23149373
Apartment, 3+ Story
Los Angeles
2024
0.2582 Acres
Public
4
Public Sewer
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Listing Agent: Aristide Buhoiu CalDRE: 01322666 - Royal Estate Properties
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