Excellent investment/development opportunity near the heart of the NoHo Arts District. Access to shopping, dining, and public transit (metro). Pre-lim plans and drawings submitted for approx. 32 units + parking. Mix of studio, 1 bedroom and 2 bedroom units.
Excellent investment/development opportunity near the heart of the NoHo Arts District. Access to shopping, dining, and public transit (metro). Pre-lim plans and drawings submitted for approx. 32 units + parking. Mix of studio, 1 bedroom and 2 bedroom units.
HUGE $REDUCTION$!! Newly refurbished! The whole house was specially rebuilt to order in 2001 and features a bonus basement den. Entering the front door, you are greeted by light shining across the bamboo living room floor from the skylights in the cathedral ceiling. A modern kitchen boasts custom tile and granite counters. An array of solar panels are installed on the roof for enormous potential energy savings. This quiet family home is within walking distance of public transit, NoHo Park, highly ranked Toluca Lake Elementary School, Wesley School, East Valley High, as well as the famed NoHo Arts district.
We are proud to present 5020 Tujunga Avenue - a value add real estate opportunity located in North Hollywood, CA. The 40 unit building is comprised of 15- Bachelors 24- Studios complimented by 1- 1 bedroom unit. Constructed in 1965, the property spans 17,690 gross square feet, and is set on a 0.51-acre lot. The property has ample parking spots for tenants with easy access through an alley that leads behind the property. To enhance the quality of living for residents, the property features a smoke-free environment, security systems, intercom, storage spaces, laundry facilities, pool, maintenance & manager on-site, walk-in closets and balconies.One of this property's significant attractions is the great value-add potential. Current rents at the property are approximately 33% below the market rate, presenting a significant opportunity for the buyer. Assuming the buyer can turn over all units and achieve market rents throughout, we estimate that the units could bring in about $77,000 in gross rental income each month, or about $929,000 per year, increasing the buyer's CAP rate to 8.57%!With all rents being below 80% of AMI (Area Median Income), this property qualifies for lower than market-rate financing from Freddie Mac due to this affordability aspect. Additionally, a new owner can convert the project into affordable housing which could significantly lower property taxes and add a lot to the property's net income and value. Please reach out to learn more. The location of 5020 Tujunga Ave in North Hollywood is particularly noteworthy. Nestled in a vibrant and evolving area, this property benefits from its proximity to key commercial and entertainment hubs, including the NoHo Arts District, renowned for its lively arts scene, theaters, cafes, and eclectic dining options. Tenants have ease of access to North Hollywood & Valley Village Park as well as the North Hollywood Recreation Center directly across the street. Additionally, the property is well connected through public transportation networks and major roadways, enhancing accessibility and convenience for residents. The proximity to various film studios and creative industries in North Hollywood also makes this location desirable for professionals working within these sectors, potentially increasing demand for rental units.
Introducing North Hollywood's latest gem, a stunning modern home situated just moments away from the bustling studios, the NoHo Arts District, and the brand-new NoHo West shopping center. With its contemporary design and abundance of modern amenities, this newly developed home is a true statement-maker. As you step inside, you'll immediately notice the airy open floor plan with high ceilings and a plethora of smart home features. The main living space is expansive and boasts impressive 15ft vaulted ceilings that create a grand ambiance. The designer chef's kitchen is a masterpiece, featuring high-end Bertazzoni appliances, a massive center island with a butcher block slab, and built-in features like an integrated pet bowl, paper towel holder, and a drawer microwave. The family room is the perfect spot to relax and unwind, with a beautiful fireplace and pocketing glass doors that create a seamless indoor/outdoor living experience. Step outside, and you'll find a heated pool and spa, as well as a covered outdoor kitchen complete with a BBQ, sink, and mini-fridge. The luxurious primary suite is a true sanctuary, featuring cathedral ceilings, a spacious walk-in closet, and a sumptuous bathroom with a lavish soaking tub. There are also two additional ensuite bedrooms with walk-in closets, a fourth bedroom/office, a custom wine rack, LED-lit mirrors in every bathroom, and a laundry room. The home also boasts a dog run, a two-car garage, and a built-in home speaker system. This exceptional modern home in North Hollywood is an absolute must-see, offering unparalleled luxury and convenience in a prime location.
Bow Truss architectural gem in the heart of the NOHO Arts District. This property features a wide open design with exposed beams and polished concrete floors - with 4,675 square feet on the ground level, plus a large loft/mezzanine area situated on a 6,003 SF lot. Ideally located directly in the densely populated and thriving Arts District just steps to Amazon Fresh, WeWork workplace, Laemmle 7 theaters, and talks of a soon to come 7-story hotel featuring commercial space and 125 rooms. 5018 Lankershim benefits from excellent visibility and 56 feet of frontage along highly trafficked Lankershim Blvd and is within the State Enterprise and Opportunity Zone. The property features 2 parking spots in the back with the possible potential to expand with reconfiguration to the rear of the building - in addition to 2 private offices, 3 bathrooms, and plenty of storage. Property is currently owner occupied and can be delivered vacant.
Located on Willowcrest Avenue in North Hollywood, California, this multifamily investment is a great opportunity for those looking for a clean building with updated electrical and complete seismic retrofit. Offering a unit mix of (7) - 1 bed / 1 bath and (1) - studio / 1 bath a buyer will have the opportunity to capture huge rental upside through renovations.
Step into luxury living with this exquisite tri-level townhouse nestled in the vibrant heart of the Noho Arts district. As you enter, you're greeted by a spacious open-concept living area adorned with cherry hardwood floors, high ceilings, and a cozy fireplace, creating the perfect ambiance for relaxation and entertainment. The first level seamlessly flows into a well-appointed dining area and kitchen, boasting custom cabinetry with a touch of Tuscan flair and gleaming granite countertops. Recessed lighting illuminates the space, enhancing its elegance and functionality. Ascending to the second floor, you'll discover two inviting bedrooms and a full bathroom, offering comfort and convenience for family and guests alike. The pinnacle of luxury awaits on the third level, where the lavish master bedroom, complete with an en-suite bathroom and a private terrace, provides a serene retreat to unwind after a long day. Convenience meets security with gated entrances from both the street and the underground garage, where you'll find two reserved parking spaces for your convenience. Beyond the confines of this exceptional abode lies a vibrant neighborhood, boasting lush parks, trendy eateries, and entertainment options just steps away. With easy access to the subway and the orange bus line, as well as proximity to Hollywood and Downtown, this location offers the epitome of urban living. Don't miss out on the opportunity to call this luxurious townhouse your new home. Welcome home.
Step into luxury living with this exquisite tri-level townhouse nestled in the vibrant heart of the Noho Arts district. As you enter, you're greeted by a spacious open-concept living area adorned with cherry hardwood floors, high ceilings, and a cozy fireplace, creating the perfect ambiance for relaxation and entertainment. The first level seamlessly flows into a well-appointed dining area and kitchen, boasting custom cabinetry with a touch of Tuscan flair and gleaming granite countertops. Recessed lighting illuminates the space, enhancing its elegance and functionality. Ascending to the second floor, you'll discover two inviting bedrooms and a full bathroom, offering comfort and convenience for family and guests alike. The pinnacle of luxury awaits on the third level, where the lavish master bedroom, complete with an en-suite bathroom and a private terrace, provides a serene retreat to unwind after a long day. Convenience meets security with gated entrances from both the street and the underground garage, where you'll find two reserved parking spaces for your convenience. Beyond the confines of this exceptional abode lies a vibrant neighborhood, boasting lush parks, trendy eateries, and entertainment options just steps away. With easy access to the subway and the orange bus line
Versatile Commercial Lease Opportunity at 5006-5010 Lankershim Blvd, North Hollywood (Monthly rent and Build out costs are all negotiable) Welcome to a unique commercial space with a rich history, ideally situated on the vibrant Lankershim Blvd in North Hollywood. This property, formerly a renowned comedy club, presents an exciting leasing opportunity for a variety of businesses seeking a prime location with character and versatility. **Key Features:** 1. **Historic Charm:** This property carries the nostalgic charm of its previous life as a comedy club, offering a distinctive atmosphere for businesses looking to stand out. 2. **Flexible Usage:** While it has a comedic past, this space is adaptable to a wide range of uses with a square footage of 3252 sqft.. Whether you envision it as a retail store, restaurant, storage facility, or any other creative concept, the open layout and versatile design allow for easy customization. 3. **High Visibility:** Lankershim Blvd is a bustling thoroughfare known for its vibrant commercial activity. Your business will benefit from high visibility and foot traffic, contributing to its potential success. 4. **Ample Space:** The property boasts ample square footage, providing room for various business operations. With well-distributed spaces, it allows for efficient layout planning to suit the specific needs of your venture. 5. **Strategic Location:** Nestled in the heart of North Hollywood, this property is surrounded by a diverse community and is easily accessible. It's strategically positioned to attract both local residents and visitors, ensuring a broad customer base. 6. **Parking Facilities:** Convenience is key. The property includes dedicated parking facilities in the rear, ensuring that your customers have easy access to your business. This commercial space on Lankershim Blvd presents a rare opportunity to blend the historic charm of a comedy club with the adaptability needed for modern businesses. Whether you're launching a new restaurant concept, opening a retail store, or creating an innovative space, this property invites you to make your mark on one of North Hollywood's most iconic streets. Contact us today to schedule a viewing and explore the endless possibilities this unique property has to offer. Owners are willing to partner with a tenant to build out what the tenant wants in a facility.
Discover an exceptional investment opportunity located in a high visibility plaza in the heart of NoHo. This absentee-run coin laundry is approximately 1,750 square feet and features 56, mostly new machines in excellent working condition and offers a mix of capacities to meet various customer needs. The machines are a mix of top brands such as Dexter, Speed Queen and IPSO. The interior has been remodeled over the years and kept in great condition. The facility comes with copper plumbing throughout and has significant potential for added value. This turnkey operation also includes essential items such as 3 American coin exchangers, surveillance system, alarm system, entertainment TVs, waiting benches, and vending machines for drinks, snacks, and detergents as well as a water heater, broiler, and water storage tank. This laundromat provides a stable income stream in a vibrant community. Don't miss the chance to own this thriving business – contact us today to explore this fantastic investment opportunity.
Very well-established restaurant in NOHO art district. This is a business sale only, not the real estate. Family-owned Armenian cuisine offering approximately 40 people indoors and outdoor seating area. Serving Quality Mediterranean food and delicious Catering. Loyal clientele. All equipment, machinery, fixtures included and low rent.
This is a sale for a well-established and profitable banquet hall business located in North Hollywood. The business has a strong reputation for exceptional customer service and has built a loyal client base over the years. The hall boasts a spacious and elegant ballroom that can accommodate up to 200 guests, with an existing 5 year lease term. The hall features a dazzling, custom commissioned glass ceiling that spans an impressive 60 feet. With its high ceilings and lack of columns, the look of the hall combines contemporary sophistication with European elegance. This beautiful building has been fully renovated with custom draperies, state of the art lighting, custom moldings and columns, lighted dance floor, and immense sparkling chandeliers. The business partners with a valet company for customer/guest parking. The sale includes all fixtures, equipment, and inventory. The new owner will have the opportunity to continue to grow the business and take advantage of the high demand for event venues in the area. This is a turnkey opportunity for someone looking to enter the lucrative event industry or expand their current business. Don't miss out on the chance to own this impressive and profitable banquet hall business!
Two story commercial building in the heart of the NoHo arts district, a perfect location that is very desirable. This property features two stories with the first floor having a large open area that would be perfect for, office, show room, bullpen area, studio, restaurant or any creative use. In addition there is a large warehouse or additional open space and a conference room. Upstairs there is a 1 bedroom complete apartment that may be converted into additional offices or a working studio. The building has ally access and pass through access on the complete property through Magnolia. This area boasts industries as film, production; editing, industry agencies and photography just to name a few. This property features street access and rear accessibility for vehicles.
The median home value in North Hollywood, CA is $681,800. This is higher than the county median home value of $607,000. The national median home value is $219,700. The average price of homes sold in North Hollywood, CA is $681,800. Approximately 34.45% of North Hollywood homes are owned, compared to 59.14% rented, while 6.42% are vacant. North Hollywood real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a North Hollywood real estate agent to arrange a tour today!
North Hollywood 91601 is less family-centric than the surrounding county with 28.74% of the households containing married families with children. The county average for households married with children is 32.35%.