$900,000
$850,000
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5741 Elmer AVE North Hollywood, CA 91601
7,248 Sqft Lot
Key Details
Sold Price $900,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR22038687
Sold Date 06/01/22
HOA Y/N No
Year Built 1941
Lot Size 7,248 Sqft
Property Sub-Type Triplex
Property Description
Well maintained Triplex with reliable long term tenants protected by LA City Rent Control Ordinance. At least 1 unit can be delivered vacant to Owner-Occupier and possibly all 3 units with acceptable offer that provides funds to pay more than LA City required financial compensation to tenants. With that in mind, Investors and Developers are invited to submit offers well above list price. New roof in 2020 is still under warranty and lead pipes were replaced by copper piping after the seller purchased the property in 2011. Subject to building department approval and tenant agreement if units are still occupied, the structure at the rear of the property that has two garages and a laundry used by the two 1 bedroom units may be suitable for conversion to an ADU. There are multiple ways that this property could be developed/improved.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LARD1.5
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Flooring Vinyl, Wood
Fireplaces Type None
Fireplace No
Appliance Water Heater
Laundry In Garage
Exterior
Parking Features Concrete, Door-Multi, Driveway, Garage, Off Street
Garage Spaces 2.0
Garage Description 2.0
Fence Chain Link
Pool None
Community Features Sidewalks, Urban
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Composition
Accessibility None
Total Parking Spaces 7
Private Pool No
Building
Lot Description 2-5 Units/Acre, Back Yard, Front Yard, Lawn, Rectangular Lot, Yard
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 2337035020
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Miriam Frenkel-Fehring Rodeo Realty
