5642 Riverton Ave, North Hollywood, CA 91601 ++ price reduction ++

$ 999,000.00

  • Date added: 10/04/18
  • Bedrooms: 3
  • Bathrooms: 1
  • Area: 1287 sq ft
  • Year built: 1919

Description

 

Great off-Market Development Opportunity in North Hollywood

LOT SIZE 12,183 SQFT

This may be a perfect opportunity for you to build multi units in an excellent location.

A habitable house sits on a large lot, which can get $3000 rent per/month with some TLC repairs.

You can get a nice cash flow while you proceed with an option to build more units.

With its present zoning, you can start building 3-4 houses/townhouses in the very near future. A professional architect can obtain a preliminary plan check approval within two weeks of your endorsement of the plan.

Exit strategies:
- You can flip this project after receiving preliminary plan check approval for a quick profit
- You can proceed to get your construction permit within six months, build it, then sell it upon completion for a substantial return on investment. 

Feel free to drive by the property, but PLEASE do not disturb the occupants.

 

+++ update +++

Link to the MLS:
https://www.themls.com/Dashboards/sharedListings/umy8HDsQE6bKMzcMZMfjI0xTmacOkODzCJhlxWuY4SJsqBehNB1sXU7HG43zcK3CQihsY3NM1eU1

This property has 12,183 sq-ft. It is one of the biggest lots around.  Zoning LAR2-1VL and it could be divided into 2 lots or build on it and enjoy the single family residence with a big yard.  This property is ready to be sold. Take advantage....It won't last long.

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Information contained here is deemed reliable, but not guaranteed.
Prospective buyer is to perform his/her own due diligence.

For more information and/or access to property, contact Norma/Sam by email: Norma@samsREclub.com / Sam@samsREclub.com or phone: 310-531-4900 / 310-909-9188.

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