11229 Peach Grove St, North Hollywood, CA 91601
Property · 2 recorded sales since 2019
Sold June 2019
Listing Agent: Elizabeth Maddox (DRE #01921425) · Listing Office: The 2-4 Unit Specialists · Contact: 818-859-7242 · Bought with: Elizabeth Maddox · The 2-4 Unit Specialists · MLS #BB19081898 · Source: CRMLS
About this property
11229 Peach Grove Street is an adorable duplex situated on an LAR3 corner lot in the center of the NoHo Arts District. This property offers unlimited options for developers, investors and owner occupiers! One unit will be delivered vacant at close of escrow and there is potential for the other unit to be delivered vacant as well (not guaranteed). 1. Build! This property is on a LAR3 lot in a Tier 1 Transit Oriented Community. What does LAR3 with Tier 1 TOC mean? You can obtain a 50% density bonus and by right, you can build one unit per 800 square feet of land! That comes out to 9 units (buyer must do their own due diligence, seller and agent make no guarantees). Our recent new construction sales in this area have gone for $497-$499 per square foot, a great sign that a new construction project in this location would be profitable! 2. Owner occupy! With the charming 2 bedroom, 1 bathroom unit being delivered vacant, this provides buyers an ideal opportunity to move right in! Collect income from the 1 bedroom, 1 bathroom to help pay the mortgage! 3. Invest/fix and flip! These cottage-like units are truly charming and would be the perfect candidate for a light renovation! Both units have their own walk up, private yard/patio, and washer/dryer! 11229 Peach Grove is located in the heart of the outrageously trendy NoHo Arts District. It is steps away from a wide selection of lively bars, restaurants, and entertainment.
Listing description from the June 2019 sale, as reported to CRMLS.
Sale history
