5025 Klump Avenue

North Hollywood, CA 91601

$2,800,000
Last Sold Price
2
Beds
60
Baths
27,200 Sq. Ft.
$103 / Sq. Ft.
27,200
Sq. Ft.
$103
per Sq. Ft.

Description

Attention Investors & Developers: For Sale with RTI plans to build a 60 units Affordable Housing! Seller is open to Seller Financing with 25% downpayment and even 100% with cross collateral! Here is the opportunity to purchase a 11,249 Sq Ft LAR-4 TOC Tier3 lot in the heart of NoHo Arts District, walking distance to the metro station, restaurants, bars and some of the best entertainment NoHo has to offer! This property will be delivered with RTI plans to build 60 Affordable Housing Units built at...Attention Investors & Developers: For Sale with RTI plans to build a 60 units Affordable Housing! Seller is open to Seller Financing with 25% downpayment and even 100% with cross collateral! Here is the opportunity to purchase a 11,249 Sq Ft LAR-4 TOC Tier3 lot in the heart of NoHo Arts District, walking distance to the metro station, restaurants, bars and some of the best entertainment NoHo has to offer! This property will be delivered with RTI plans to build 60 Affordable Housing Units built at grade with an easy type 5 construction. Buy it today at $2,995,000 entitled or RTI in 8-12 months at $4,995,000. Priced aggressively at under $83K/unit (or 50k/unit if purchased entitled now), this project is a bargain in today's LA market. One tenant is month to month.
  1. Listed by Aristide Buhoiu • DRE #01322666 • Brokerage DRE #01322666 • Royal Estate Properties

Property Details for 5025 Klump Avenue

Parking Spaces Total
4
Private Pool
No
Cooling Type
Central Forced Air
Total Units
60.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
27200
Assessor Parcel Number
2353-013-022

Location

Listing Courtesy of Royal Estate Properties, Aristide Buhoiu, DRE #01322666

Sold By Royal Estate Properties, Aristide Buhoiu, DRE #01322666

Add your commute
LISTING UPDATED: 01/16/2024 01:29 AM

Property Details for 5025 Klump Avenue

StatusClosed
MLS #SR23149373
Days on Market64
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2024
CountyLos Angeles County

Location

Listing Courtesy of Royal Estate Properties, Aristide Buhoiu, DRE #01322666

Sold By Royal Estate Properties, Aristide Buhoiu, DRE #01322666

Add your commute

Building Information for 5025 Klump Avenue

Building/Complex5025 Klump AveFloor-Stories4Residences-Pet Policy-Year Built2024Building Size-

Payment Calculator

$16,290 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,281

Property Taxes

$1,009

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5025 Klump Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $192,000
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $162,000
  • Cap Rate: 5.4
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $30,000
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: 5
  • Tax Tract Number: 2170
  • Tax Census Tract: 1254.03
  • CFD/Mello-Roos Fee: $822
  • Tax Lot: 10
Community / Development
Community / Development
  • Community Features: Curbs, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Cooling: Central Air
Exterior Features
  • Entry Location: Multiple
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 60
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1884
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 50
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2136
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 60
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 60

Property History for 5025 Klump Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5025 Klump Avenue

Taxable ValueLand$327,134Additions$612,515Total$939,649
Tax Record2023$12,108 ($1,009 / month)
Home Facts
Total Finished SqFt4,731 SqFtAbove Grade Finished SqFt4,731 SqFtLot Size11,248 SqFtStyleQuadraplexYear Built1929ZoningLAR4CountyLOS ANGELESAPN2353-013-022

Schools near 5025 Klump Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 11
Rating
School
Distance
Lankershim Elementary School
PublicK to 5

Walter Reed Middle School
Public6 to 8

North Hollywood Senior High School
Public9 to 12

Science Academy STEM Magnet
Public6 to 11

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Royal Estate Properties, Aristide Buhoiu, DRE #01322666

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.