11254 OTSEGO Street, North Hollywood, CA 91601

About this single-family home

EXCELLENT MULTI FAMILY DEVELOPMENT OPPORTUNITY IN THE AMAZING NOHO ARTS DISTRICT. PRIME LOCATION, 29 UNITS AS PER CITY CAN BE BUILT. ANY POTENTIAL USE OF THE SUBJECT LAND ARE THE SOLE RESPONSIBILITY OF THE BUYER TO INVESTIGATE AND VERIFY WITH VARIOUS CITY DEPARTMENTS. ZONED R-4. TOTAL LAND AREA IS 11,748 SF. THIS IS A COMBINED SALE OF 3 APN#'S 2353013002 (11254 OTSEGO), 2353013001 (11258 OTSEGO), 2353001008 (11258 1/2 OTSEGO). SOLD FOR LAND VALUE ONLY. THE 3 LOTS ARE IN DIRECT PATH OF MAJOR DEVELOPMENT. TRENDY AREA W/MULTIPLE COFFEE HOUSES, TONS OF EATERIES, NEW MOVIE THEATERS, LIVE THEATERS, DANCE STUDIOS, GYMS, CREATIVE OFFICE SPACE, SUBWAY. ACADEMY OF TV ARTS & SCIENCES, GREAT WALKING PARK, LIBRARY. 95 WALK SCORE. RIGHT IN THE WAVE OF THE FUTURE TO LIVE IN URBAN SETTING AND WALK TO EVERYTHING. NEW 134 UNIT BEING BUILT 1 BLOCK AWAY. NEW 300 UNIT COMPLEX BEING BUILT 1 1/ 2 BLCKS AWAY. HIGH AREA RENT. DRIVE BY ONLY. INTERIOR SHOWING WITH ACCEPTED OFFER.

Listing description from the May 2013 sale, as reported to CRMLS.

Sale history

$1,700,000

Sold May 2013 · listed $1,850,000, orig. $2,346,000, on market January 2013 · MLS #13649775 · Source: CRMLS

Listing Agent: Kathleen Smith · Listing Office: Rodeo Realty · Contact: 818-761-7222 · Bought with: Adi Harari · Adi Harari

$1,700,000

Sold April 2013 · listed $1,850,000, orig. $1,995,000, on market March 2013 · MLS #13655893 · Source: CRMLS

Listing Agent: Kathleen Smith · Listing Office: Rodeo Realty · Contact: 818-761-7222 · Bought with: Adi Harari · Adi Harari

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