5110 Bakman Avenue

    North Hollywood, CA 91601
    • $5,200,000
    • STATUS: Active
    • ON SITE: 18 days
    • ID#: 18310422
    $5,200,000
    • 0
      BEDS
    • 0.39
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,064
      SQFT
    • $645
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    16,874 sq. ft. R-4 Zoned development opportunity is located in the heart of the NoHo Arts District, 20 minutes from Downtown L.A. Presently a 20 unit building, built in 1956. It is located south of Magnolia, North of Camarillo between Lankershim and Tujunga Ave. Property lies withing the TOC (Transit Oriented Communities Program) that allows for site to be developed for up to 72 units, if used. Buyer to verify with City. Rare opportunity to construct a high density build near a major transit system. (Metro/Subway) Very trendy area. Walk score is 93. Next to a park, steps from restaurants, coffee houses, cinemas, outdoor cafes. 2.5 miles from Universal Studios.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T00:28:07.193. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.themarellygroup.com/homes/80535324

    5110 Bakman Avenue North Hollywood, CA 91601

    • Price: $5,200,000
    • Status: Active
    • ID#: 18310422
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.39
    Acres
    8,064
    SQFT
    $645
    $/SQFT
    1956
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    16,874 sq. ft. R-4 Zoned development opportunity is located in the heart of the NoHo Arts District, 20 minutes from Downtown L.A. Presently a 20 unit building, built in 1956. It is located south of Magnolia, North of Camarillo between Lankershim and Tujunga Ave. Property lies withing the TOC (Transit Oriented Communities Program) that allows for site to be developed for up to 72 units, if used. Buyer to verify with City. Rare opportunity to construct a high density build near a major transit system. (Metro/Subway) Very trendy area. Walk score is 93. Next to a park, steps from restaurants, coffee houses, cinemas, outdoor cafes. 2.5 miles from Universal Studios.
    Exterior Features

    Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Gross Multiplier 29.50 Gross Operating Income 177420.00 Improvements Amount 302459 Land Value 203427 Laundry YN Yes Net Operating Income 139180.00 Special Listing Conditions Standard Total Expenses 38240.00 Zoning Lar4

    Listing provided courtesy of Kathleen Smith of Rodeo Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T00:28:07.193. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    The Marelly Group | Realty One Group
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003