Active

6944 Radford

North Hollywood, CA 91605

$1,299,999 $5,480/Mo

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Overview

Bed

Bath

9,003

Sqft(Lot)

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.

Property Details

Property Type : ResidentialIncome

Price : $1,299,999

AD Id : 88377203

MLS Id : SR26162076

Beds : 4

Lot Size : 9,003 Sqft

Year Built : 1949

Garage : 4

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Interior Features

Tandem, AllBedroomsDown

Roof: Copper, Shingle

Laundry Features: LaundryRoom

Window Features: DoublePaneWindows
Heating & Cooling

Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

Building Information

Year Built: 1949

Building Area Total: 2420

Construction Materials: Stucco, CopperPlumbing

Stories: 1

Pool Features: None

Private Pool: No

Lot Information

Main Square Feet: 9003 Lot Size Acres: 0.2067 Lot Size Source: Assessor Lot Size Square Feet: 9,003 Lot Description: TwoToFiveUnitsAcre,BackYard,CornerLot

Listing Price Information

Listing Price: $1299999

Original Price: $129999

Cash, CashToExistingLoan, CashToNewLoan, Conventional, FHA

Tax Information

Parcel Number: 2321014001 Tax Lot: 21

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 10 Driveway, GarageFacesSide

Garage Information

Has Garage: Yes Garage Space: 4

Location Information

Direction: North on Laurel Cyn. Right on Hart St. to Radford WaterSource: Public

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