5025 Klump Avenue, North Hollywood, CA 91601

About this property

Attention Investors & Developers: For Sale with RTI plans to build a 60 units Affordable Housing!!! Seller is open to Seller Financing with 25% downpayment and even 100% with cross collateral! Here is the opportunity to purchase a 11,249 Sq Ft LAR-4 TOC Tier3 lot in the heart of NoHo Arts District, walking distance to the metro station, restaurants, bars and some of the best entertainment NoHo has to offer! This property will be delivered with RTI plans to build 60 Affordable Housing Units built at grade with an easy type 5 construction. Buy it today at $2,995,000 entitled or RTI in 8-12 months at $4,995,000. Priced aggressively at under $83K/unit (or 50k/unit if purchased entitled now), this project is a bargain in today's LA market. One tenant is month to month.

Listing description from the December 2023 sale, as reported to CRMLS.

Sale history

$2,800,000

Sold December 2023 · listed $4,995,000, orig. $2,995,000, on market August 2023 · MLS #SR23149373 · Source: CRMLS

Listing Agent: Aristide Buhoiu · Listing Office: Royal Estate Properties · Contact: 818-445-4663 · Bought with: Aristide Buhoiu · Royal Estate Properties

$2,056,000

Sold August 2023 · listed $2,250,000, on market March 2023 · MLS #23250273 · Source: CRMLS

Listing Agent: Linda Rappoport · Listing Office: Priority Properties · Contact: 818-505-1995 · Bought with: Aristide Buhoiu · Royal Estate Properties

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