$ 1,499,000
5535 Elmer AVE North Hollywood, CA 91601
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$ 1,499,000
Est. payment /mo
Active Under Contract
5535 Elmer AVE North Hollywood, CA 91601
2 Beds
1 Bath
1,014 SqFt
UPDATED:
09/30/2024 06:31 PM
Key Details
Property Type Single Family Home
Sub Type Own Your Own
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,014 sqft
Price per Sqft $1,478
MLS Listing ID 224003259
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1950
Lot Size 7,257 Sqft
Acres 0.1666
Property Description
Located in the heart of NoHo Arts District and Metro Station. This 7,257 sq.ft. property offers rare R4 zoning and Zero Parking requirements. Build up to Seventy-Five ft., residential building in prime redevelopment zone.North Hollywood plans a $1 billion mixed-use development at Lankershim and Chandler, surrounding the Metro Red and Orange line terminals. The project would re-develop 15.6 acres (63,000 m2) with 600,000 square feet (56,000 m2) of commercial space and nearly 1500 residential units in three high-rise towers. The project was awarded to Trammell Crow Company and High Street Residential by the Los Angeles Metro board.The NoHo Arts District is a haven for the creative class with a significant number of performance spaces, art galleries, workshops, studios, and live music venues. Near landmarks like The Television Academy and thriving amid art installations and dance studios, Universal studios close by. The neighborhood embodies a unique blend of creative and cosmopolitan living.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LAR4
Interior
Fireplace No
Exterior
Garage Spaces 2.0
Garage Description 2.0
View Y/N No
Total Parking Spaces 2
Private Pool No
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 2350008044
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Lease Land No
Listed by Jeb Adams • RE/MAX ONE