Active Under Contract
Available for the Passive Investor, or Aspiring Developer, 5225 Satsuma Ave is a turn-key 4-unit apartment building built in 1955 with development potential. This charming 2-story walk-up has a unit mix, consisting of four 1 bedroom 1 bath units. The 2,640 SF property sits on a 5871 SF lot and has off-street garage- parking averaging 1 space per unit. There is ample space to take advantage of the ADU laws in the city of Los Angeles. This asset is located just off Magnolia Blvd to the south and Vineland Ave to the west, in the heart of North Hollywood Arts District which is considered a uniquely walkable cultural hub within the San Fernando Valley. Tenants enjoy being close to the trendiest coffee shops, restaurants and bars along with many small theaters and arts-related venues. Tenants are also close to the new NoHo West iconic billion-dollar mega-development which includes many fantastic spots for dining, shopping, entertainment and health & wellness! North Hollywood is known to attract actors and entertainers alike from all over the world as it hosts many auditions, and it is just a short subway ride to Universal Studios, or a stop away from Hollywood and Highland.
Listing Office Justin White
Updated 4:19AM - 1/24/2022
Listing Agent Justin White
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright© 2022 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright© 2022 California Regional Multiple Listing Service, Inc. All rights reserved.
to see estimated driving times between properties and places important to you.