6944 Radford, North Hollywood, CA 91605
- $1,299,999
- List Price
- $1,299,999
- Status
- ACTIVE
- MLS#
- SR26162076
- Year Built
- 1949
- Lot Size
- 9,003
- Acres
- 0.21
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 3
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- One Level
Property Description
Attention investors, builders, and developers! Four-plex rare opportunity on a corner lot 9,000 Sqft. Zoning LARD3-1, with an incredible opportunity to build up to 18 units, or you can choose to build 4 ADUs. Currently, there are a total of 4 units, each offering 1 bed and 1 bath. Each unit has an electrical and gas meter. Tenants are on a month-to-month lease. Per seller, there are two two-car garages, one rented at $500 a month, plus an extra monthly income for parking, tenants are not entitled to parking. With in-place rents below projected market levels, the asset offers immediate and long-term upside through rent growth, improved operations, and strategic repositioning. The property’s most compelling value-add is in the zoning and the large corner lot, providing you a huge opportunity to construct an additional four ADUs or start building a new 14,400 Sqft. complex with 18 units and 36 bedrooms! Just minutes from the Bob Burbank Airport, Hollywood, Universal Studios, and the newly built NOHO West Shopping Plaza; is one of the area's latest developments where you can find the Regal movie theatre, Trader Joe’s, Starbucks, restaurants, boutiques, etc. Per Zimas.lacity.org, the property is an "Eligible Site ED 1" and may be applied to a shelter or 100% Affordable Housing Project on the site (TOC). Eligible projects receive expedited processing, clearances, and approvals through the ED 1 Ministerial Approval Process. Please check with LADBS for the approved 2026 ADU California laws.
Additional Information
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Exterior Construction
- Stucco
- Roof
- Copper, Shingle
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- All Bedrooms Down
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $59,220
- Operating Expense
- 5300
Listing courtesy of Listing Agent: Tony Diaz (tonymdiaz@outlook.com) from Listing Office: Smart Equity Realty Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.