North Hollywood, CA 91601,11466 11472 Albers ST
$1,600,000
$1,645,000
2.7%
Est.Price: ?

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0.31 Acres Lot

11466 11472 Albers ST North Hollywood, CA 91601

Est. payment /mo
SOLD DATE : 12/21/2018

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Key Details

Sold Price $1,600,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID BB18227281

Lot Size 0.306 Acres

Property Description

UPDATE 12/7/2018 : SUBJECT TO CANCELLATION OF CURRENT ESCROW. Major price reduction. Prime NO HO project close to Red Line, Orange Line, Retail, Restaurants. Property consists of 2 side by side R1.5 parcels -- 11466-11472 Albers Street. Lots together appx 13,346 sqft. Project: A (3) story, TWO building multifamily project with (8) attached luxury dwelling units (DU) (4) per building, per lot, each approx 1900 sq ft. Each unit with roof deck patio, (2) car garage, kitchen/dining/living room, (3) bedrooms, a flex room and (4.5) baths, with outdoor projected common area provided in the rear of property.
PROJECT STANDING: Site Survey for both properties is complete. Soils and percolation testing completed. Soils report complete, Grading plan has been completed . Environmental is completed with no asbestos. Construction Plans submitted to City and approved with minor changes needed as normal, however project was placed on hold as current Buyer had own plans for project. Approx 80-90% ready. Buyer can take it from this point. One parcel raw land, other parcel being sold with structure and demo permits. Sold as is.
Call agent for download of plans.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LARD1.5

Exterior

Community Features Curbs, Street Lights

View Y/N No

View None

Building

Lot Description Near Public Transit, Walkstreet

Water Public

New Construction No

Others

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Deborah Ivone • California R.E.Services
Bought with Angelo Fierro • Compass

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Todd Kingsley

Agent | License ID: 02118744

+1(310) 710-8633

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