$2,950,000
$2,999,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
5,082 SqFt
SOLD DATE : 02/01/2022
Key Details
Sold Price $2,950,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 5,082 sqft
Price per Sqft $580
MLS Listing ID OC21137070
Sold Date 02/01/22
HOA Y/N No
Year Built 1953
Lot Size 0.295 Acres
Acres 0.295
Property Description
HUGE PRICE REDUCTION! 4603 La Mirada Ave & 1255 Lyman Pl is a 9 Unit property located in the heart of East Hollywood directly across the street from the Ronald McDonald House and walking distance to Hollywood Presbyterian Hospital & Children’s Hospital (CHLA). This investment offers an owner occupier, investor, or experienced developer a chance to achieve the highest & best use for this corner lot in a highly dense rental market. The property is comprised of two parcels totaling 5,082 SF building size with 3 units in the front and a 6 unit building in the back that’s all 1bd/ 1bath. And with a large detached garage and ample parking, there is potential for an ADU conversion. The entire property will be sold together, allowing a new owner to collect rents while working through potential entitlement plans. The buildings were originally built in 1922 & 1953 and sits on a total corner lot size of 12,851 SF for future development potential. Amazing Location in East Hollywood directly across the street from Ronald McDonald House, walking distance to Hollywood Presbyterian, Children’s Hospital, Kaiser Permanente Sunset, Barnsdall Park, Metro Station, and near Los Feliz, Sunset Junction, Virgil Village, Little Armenia, Thai Town, Griffith Park, Trendy Restaurants & Shops. 1st Time on Market in 45+ Years!
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LARD1.5
Rooms
Ensuite Laundry Washer Hookup, Gas Dryer Hookup
Interior
Interior Features Beamed Ceilings, Tile Counters
Laundry Location Washer Hookup,Gas Dryer Hookup
Heating Floor Furnace
Cooling None
Flooring Tile, Wood
Fireplaces Type Decorative, Living Room
Fireplace Yes
Appliance Gas Range, Water Heater
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Garage Assigned, Driveway, Garage, Paved, Uncovered
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Sidewalks
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Parking Type Assigned, Driveway, Garage, Paved, Uncovered
Total Parking Spaces 10
Private Pool No
Building
Lot Description 6-10 Units/Acre, Corner Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5542018014
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard, Trust
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Bought with Brian Noh • Nohco Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "