11412 VICTORY BLVD

NORTH HOLLYWOOD, CA, 91606

$1,548,000

$661 per ft²
$1,548,000
$661 per ft²
Active
Active
 - For Sale
beds
4 Beds
baths
4 Baths
carpenters-square
2,340 ft²
property_type
Multi-family
calendar
Built 1942
Situated one parcel from the intersection of Tujunga Avenue and Victory Boulevard, this asset is available for sale for the first time in over 40 years. A new investor may be able to add value by increasing rents, which currently sit approximately 23% below market rates for the area. The building features pitched roofs and private garages with alley access for each tenant. Future maintenance costs are significantly reduced for the new owner, as the property has full copper plumbing, a new driveway, and it does not appear on the Los Angeles Department of Building and Safety's seismic retrofit list (Buyer to verify). With excellent visibility along one of the Valley's major thoroughfares, the property has benefited from strong historical occupancy. While residents enjoy living mere blocks from the NoHo Arts District, with its myriad boutiques and trendy restaurants, they are also only one mile from the new NOHO West development, a 25-acre mixed use campus that features tenants like Trader Joe's, Regal Cinemas, Nordstrom Rack, and LA Fitness. Additionally, tenants at the property can walk to Target, Rite-Aid, CVS, and several other major retailers, which are all located within blocks of the building.
MLS® ID:
22-163831
Listed:
6/1/22
Updated:
10/5/22
Coldwell Banker Realty
Barry Dantagnan

Interior Features

Total Bedrooms
4
Total Bathrooms
4
Cooling
Ceiling Fan
Heating
Other

Exterior/Building Features

Lot Size
7,007 ft² lot
Exterior Features
None

Other Property Details

Garage
Yes
Garage Spaces
4
Parking
Assigned
Parking Total
4.0
View
N
County
Los Angeles
Pool
No
Total Stories
1
Zoning
LAR3

 

Courtesy of Roderick ''Rick'' Raymundo, Marcus & Millichap

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Barry Dantagnan shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/5/22

Coldwell Banker Realty
Barry Dantagnan
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