5535 Elmer Avenue, North Hollywood, CA 91601

$1,400,000
Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 1,014 Lot Size (sq. ft.): 7,257 Status: Closed
Current Price: $1,400,000 List Date: 8/05/2024 Last Modified: 10/24/2024

Description

Located in the heart of NoHo Arts District and Metro Station. This 7,257 sq.ft. property offers rare R4 zoning and Zero Parking requirements. Build up to Seventy-Five ft., residential building in prime redevelopment zone. North Hollywood plans a $1 billion mixed-use development at Lankershim and Chandler, surrounding the Metro Red and Orange line terminals. The project would re-develop 15.6 acres (63,000 m2) with 600,000 square feet (56,000 m2) of commercial space and nearly 1500 residential units in three high-rise towers. The project was awarded to Trammell Crow Company and High Street Residential by the Los Angeles Metro board. The NoHo Arts District is a haven for the creative class with a significant number of performance spaces, art galleries, workshops, studios, and live music venues. Near landmarks like The Television Academy and thriving amid art installations and dance studios, Universal studios close by. The neighborhood embodies a unique blend of creative and cosmopolitan living.

Supplements: ********

More Information MLS# 224003259

Listing, Location and Property Info

List Price/SqFt: 1478.3 Zip + 4: 2412

General Property Information

Baths - 1/4: 0 Construction Status: Unknown Property Attached: No ADU Y/N: No # Bedrooms: 2 Baths - Full: 1 Approx SqFt: 1014 Baths - Total: 1 Lot Acres: 0.17 Lot SqFt: 7257 Year Built: 1950

Property Info

Lot Size Dimension Description: 50/145 View: No Entry Floor Number: 1 Pool: No Spa: No Fireplace: No Senior Community: No Dwelling Total Floors: 1

Status Change Info

Sold Price/SqFt: 1380.67 Seller Concessions: No Pending Date: 2024-10-24 Closed Date: 2024-10-24 Closed Price: 1400000

Land Lease Type

Fee Simple: 1

Special Conditions

Standard: 1

Terms

Cash: 1

Financing

Cash: 1

Disclosures

Redevelopment Area: 1

Levels

One: 1

Entry Location

Main Level: 1

Sold Terms

Standard Sale: 1

Flooring

Other: 1

HOA Information

HOA: No

Parking Spaces/Information

Total Garage Spaces: 2 RV: No

Listing Location and Property Info

Status: Closed Entry Date: 2024-08-05 Listing Price: 1499000 Current Price: $1,400,000 Property Sub-Type: Own Your Own Street #: 5535 Street Name: Elmer Suffix: Avenue County: Los Angeles State/Province: CA Zip Code: 91601 APN/Tax ID: 2350008044 Area: NHO - North Hollywood Country: US

Property Features

Land Lease Type: Fee Simple Special Conditions: Standard Terms: Cash Disclosures: Redevelopment Area Levels: One Entry Location: Main Level Flooring: Other Financing: Cash Sold Terms: Standard Sale
Listing Office: RE/MAX ONE
Listing Agent: Jeb Adams | jeb@jebadams.com
Agent Email: jeb@jebadams.com
Last Updated: October - 24 - 2024
Based on information from the CSMAR Multiple Listing as of [date the AOR/MLS data was obtained]. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.