7539 N Hollywood Way, Los Angeles, CA 91505
7539 N Hollywood Way, Los Angeles, CA 91505
7539 N Hollywood Way, Los Angeles, CA 91505
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John Matukas

John Matukas

+1(323) 377-4961
$3,300,000
Est. payment /mo
7 Beds
7 Baths
3,916 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,916 sqft

Price per Sqft $842

MLS Listing ID 26951263

Style Mid-Century

Bedrooms 7

Year Built 1954

Lot Size 0.395 Acres

Acres 0.394

Property Sub-Type Multi-Family

Property Description

The Owner of this property originally purchased it in 1977. This unique multifamily property includes a 7-unit free standing apartment house with two additional vacant & contiguous LA-R3-1 zoned parcels in Tier 3 of the Transit Oriented Communities bonus density district. This property is located in a Federal Opportunity Zone. The apartment building is a two-story walk-up configuration built in 1954 with soft-story retrofit work completed. Units are all one bedroom / one bath floorplans. There is major upside in the rents & this provides an opportunity for income during the entitlement process. The building currently offers laundry facilities and 10 parking spaces. Total lot area encompasses 17,192 square feet with the two contiguous lots included. 7539 Hollywood Way is a few blocks north of the Burbank Airport placing in amongst a major employment cluster including dozens of aviation support & high technology companies, several motion picture studios and multiple regional retail shopping districts. The close proximity to the Interstate 5 Freeway provides quick access to the commumities of the eastern and western San Fernando Valleys, the Santa Clarita Valley, Downtown Los Angeles and via the 134/101 freeways the Glendale, Pasadena and the Ventura Blvd corridor communities. Please do not walk on the property or disturb the tenants. OM attached to the MLS Profile Page may be accessed in the "documents" tab.

Location

State CA

County Los Angeles

Area Sun Valley

Zoning LAR-1 TOC Tier 3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Flooring Carpet, Vinyl, Laminate

Equipment Garbage Disposal

Laundry Room

Exterior

Parking Features Uncovered

Garage Spaces 10.0

Pool None

Waterfront Description None

View Y/N No

View None

Roof Type Composition, Shingle

Building

Lot Description 2-4 Lots

Sewer In Street

Water Public

Architectural Style Mid-Century

Level or Stories Two

Structure Type Stucco, Wood Siding

Others

Special Listing Condition Standard

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TheMLS (CLAW)
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by James F. Gilb

NEARBY SCHOOL & BUSINESS

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John Matukas

John Matukas

+1(323) 377-4961

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