Residential Income Details
The subject property is a nine unit multifamily property situated in the trendy NoHo Arts District of North Hollywood, CA. Constructed in 1964, the building consists mostly of two- and three-bedroom units. The property features full copper plumbing and just passed its LAHCID inspection in April 2017. The current owner replaced and upgraded the main water line as well as the drain line to the sewer, while also renovating select unit interiors. A brand new 15-acre development project has been proposed just five blocks south of 11340 Miranda. Surrounding the North Hollywood Metro Red Line and Orange Line transfer station, the project could include 1,500 residential units, 150,000 square feet of retail space, and 450,000 square feet of offices. A larger development project containing more open space is currently underway just one mile west of the property.
|Number of Units||9|
|Listing Brokerage||Marcus & Millichap|
|Listing Agent||Roderick "Rick" Raymundo|
|Listing Agent BRE #||01357019|
Based on information from California Regional Multiple Listing Service, Inc. as of Wednesday, November 1, 2017.
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