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5025 Klump Avenue, North Hollywood, CA 91601
$2,800,000
5025 Klump Avenue, North Hollywood, CA 91601View this property at 5025 Klump Avenue, North Hollywood, CA 91601
5025 Klump AvenueNorth HollywoodCA91601
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Property Description
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.
Full Property Details
Full Property Details for 5025 Klump Ave
General
- Sold For: $2,800,000
- Status: Closed
- Type: Multi-Family
- MLS ID: SR23149373
- Added to Site: 267 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 4
Location
- Area: NHO - North Hollywood
- County: Los Angeles
- Development Name: NHO - North Hollywood
- Driving Directions: Magnolia Ave to Klump Ave and head South on Klump Ave
Heating & Cooling
- Cooling Type: Central Air
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 60
- # Electric Meters: 60
Structural Information
- Entry Location: Multiple
- Square Feet: 27,200
- Year Built: 2024
Unit Information
Unit 1
- Number of Units: 10
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 50
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.2582
- Lot Size Source: Assessor
- Zoning: LAR4
- Lot Description: Rectangular Lot
Financial Considerations
- Price Per Sq. Ft.: $102.94
- Price Per Unit: 83250
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Exclusions: Tenant's personal properties
Listed and Sold by Royal Estate Properties, Aristide Buhoiu
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Schools
Schools serving 5025 Klump Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
5250 Bakman Ave, N Hollywood, CA 91601 | K-5 | 0.3 mi | |
4525 Irvine Ave, N Hollywood, CA 91602 | 6-8 | 0.8 mi | |
5231 Colfax Ave, N Hollywood, CA 91601 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5025 Klump Ave
Date
Details
Price
Change
Source
12/01/2023
Sold
$2,800,000
-43.94%
MLS
9/15/2023
Price Increased
$4,995,000
66.78%
MLS
8/10/2023
Listed
$2,995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5025 Klump Avenue, North Hollywood, CA 91601 (MLS# SR23149373) is a Multi-Family property that was sold at $2,800,000 on December 01, 2023. Want to learn more about 5025 Klump Avenue? Do you have questions about finding other Multi-Family real estate for sale in North Hollywood? You can browse all North Hollywood real estate or contact a Coldwell Banker agent to request more information.