5025 Klump Ave, North Hollywood, CA 91601

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5025 Klump Ave North Hollywood, CA 91601

$2,800,000 Sold Price as of 12/01/2023

66 Beds
46.5 Baths
27,200 Sq.Ft.

Sold

$2,800,000 Sold Price as of 12/01/2023 Refinance Your Mortgage

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Map preview of 5025 Klump Ave, North Hollywood, CA 91601

Property Overview: 5025 Klump Ave North Hollywood, CA has 66 bedrooms, 46.5 bathrooms, 27,200 living square feet and 11,248 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Aristide Buhoiu | BRE #01322666 | Royal Estate Properties

Last checked: 7 minutes ago | Last updated: January 16th, 2024 | Source CRMLS | DOM: 64

Home details

Lot Sq. Ft: 11,248
HOA Dues: $0/mo
Year built: 2024
Garage: 4 Car
Property Type:: Apartment

Status: Sold
MLS#: SR23149373
City: North Hollywood
County: Los Angeles
Time on Site: 259 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 60
Total # of Buildings: 1
# of Electric Meters: 60
# of Gas Meters: 0
# of Water Meters: 60

Unit Breakdown 1

# of Units: 10
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,884

Unit Breakdown 2

# of Units: 50
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,136

Unit Breakdown 3

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,750
Total Rent: $1,750
Pro Forma/Market Rent: $4,500

Unit Breakdown 4

# of Units: 1
# of Beds: 3
# of Baths: 0
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $4,500

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 5.4%
Gross Rent Multiplier: --
Gross Scheduled Income: $192,000
Net Operating Income: $162,000
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $30,000
Electric: $0
Gas/Fuel: $0
Trash: $0
Insurance: $0
Professional Management: $0
Water/Sewer: $0

Property Details for 5025 Klump Ave

Interior Features

Cooling Information

Has Cooling
Central Air

Laundry Information

Has Laundry
Common Area

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 4
# of Parking Spaces: 4

Lot Information

Lot Features: Rectangular Lot
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 60
Parcel Number: 2353013022
Year Built Source: Seller
Entry Level: 1
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: Magnolia Ave to Klump Ave and head South on Klump Ave

Neighborhood Information

Community Features: Curbs, Street Lights

View more facts & features

Local North Hollywood Agent

Sale History for 5025 Klump Ave

Last sold for $2,800,000 on December 1st, 2023

December, 2023
Dec 1, 2023

Date

Sold

CRMLS: SR23149373

$2,800,000

Price
Aug 10, 2023

Date

Active

CRMLS: SR23149373

$2,995,000

Price
November, 2023
Nov 27, 2023

Date

Canceled

CRMLS: SR23159042

$4,500

Price
Aug 24, 2023

Date

Active

CRMLS: SR23159042

$4,500

Price
Listing provided courtesy of CRMLS

Located in the middle of the vibrant and eclectic NoHo Arts District, just a couple of blocks from some of the best shopping, restaurants and nightlife North Hollywood has to offer, this private quiet unit offers a well distributed floor plan, one that is light and bright. The unit has real hardwood floors throughout and tiles in the kitchen and bathrooms. This unit also has a washer/dryer area with appliances and refrigerator included.ALL CREDIT ACCEPTED. SHORT TERM/LONG TERM.

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August, 2023
Aug 7, 2023

Date

Sold

CRMLS: 23250273

$2,056,000

Price
Mar 13, 2023

Date

Active

CRMLS: 23250273

$2,250,000

Price
Listing provided courtesy of CRMLS

Large R4 Income property in Prime NoHo Development Area. Bonus density. Front duplex has a one bed, one batrh and a 3 bedroom two bath for owner user. Gated courtyard/garden entry. Two to car garages and off street parking for 13 cars. Back duplex was built after 1997. All units in good condition, hard wood floors, built-ins, laundry in each unit. Large garden area that could be possible adu or additioanl units. 2 units will be delievered vaccant. Owner is broker and transaction is all cash. Owner has never lived on property and doesn't warrant any information. Buyer to due own investigations.

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October, 2021
Oct 25, 2021

Date

Canceled

CRMLS: 21793240

$2,250,000

Price
Oct 8, 2020

Date

Active

CRMLS: 21793240

$2,250,000

Price
Listing provided courtesy of CRMLS

Large R4 Income property in Prime NoHo Development Area. Front duplex has 3 bedroom for owner user and gated courtyard/garden, and Two to car garages. Back duplex was built after 1997. All units in good condition, hard wood floors, built-ins, laundry in each unit. Large garden area that could be possible additional unit as well as one of the garages being used for storage. Owner is broker and transaction is subject to 1031 tax deferred exchange. Owner has never lived on property and doesn't warrant any information. Buyer to due own investigations.

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April, 2020
Apr 1, 2020

Date

Canceled

CRMLS: 20547458

$2,250,000

Price
Mar 28, 2020

Date

Price Change

CRMLS: 20547458

$2,250,000

Price
Jan 30, 2020

Date

Price Change

CRMLS: 20547458

$2,450,000

Price
Jan 28, 2020

Date

Price Change

CRMLS: 20547458

$2,795,000

Price
Jan 24, 2020

Date

Active

CRMLS: 20547458

$27,895,000

Price
Listing provided courtesy of CRMLS

Large R4 Income property in Prime NoHo Development Area. Front duplex has 3 bedroom for owner user and gated courtyard/garden, and Two to car garages. Back duplex was built after 1997. All units in good condition, hard wood floors, built-ins, laundry in each unit. Large garden area that could be possible additional unit as well as one of the garages being used for storage. Owner is broker and transaction is subject to 1031 tax deferred exchange. Owner has never lived on property and doesn't warrant any information. Buyer to due own investigations.

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June, 2018
Jun 23, 2018

Date

Expired

CRMLS: 18315370

$1,999,999

Price
Mar 24, 2018

Date

Withdrawn

CRMLS: 18315370

$1,999,999

Price
Feb 22, 2018

Date

Price Change

CRMLS: 18315370

$1,999,999

Price
Feb 21, 2018

Date

Active

CRMLS: 18315370

$1,839,500

Price
Listing provided courtesy of CRMLS

Investor's dream. Prime Noho 11,247 sq ft R4 lot. Fourplex with 3, 3bd/3ba and 1bd/1ba, washer and dryer in all units, 2, 2 car garages and 10 parking spaces. Enclosed private yard in front and large yard in in rear of property. Washer and dryer in each unit. Central Air. Buyer to cooperate in seller's 1031 tax deferred exchange and contingent on seller's successful purchase of desired property. Buyer to rely on due diligence and own investigations. Please do not disturb tenants.

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December, 2002
Dec 3, 2002

Date

Sold (Public Records)

Public Records

$675,000

Price
November, 2001
Nov 21, 2001

Date

Sold (Public Records)

Public Records

$410,500

Price

Tax History for 5025 Klump Ave

Assessed Value (2020): $893,903

Year	Land Value	Improved Value	Assessed Value
2020	$311,208	$582,695	$893,903

Home Value Compared to the Market

This property vs the competition

5025 Klump Ave sold on December 1, 2023 for 491.12% higher than the current median sold price for the city of North Hollywood which is $845,000. The median sold price per/sqft for North Hollywood is $555 and this home is sold at $183.64 per/sqft which puts the price per square foot 66.91% lower than the current median sale per square foot for the city of North Hollywood.

About 5025 Klump Ave

Detailed summary of property

5025 Klump Ave is a apartment that recently sold in North Hollywood, CA 91601. This apartment offered 66 bedrooms, 46.5 bathrooms, roughly 27,200 living square feet, and sits on an approximately 11,248 square foot lot. 5025 Klump Ave was first listed on ArdentRealEstateGroup.com on August 11, 2023. The homeowner sold the property for $2,800,000. Home in North Hollywood are selling for a median price of $845,000 and a median price per square foot of $555. Based on Ardent Real Estate Group's North Hollywood Market Data, this home is sold 491.12% higher than the current median priced home. Local homes that are currently for sale include 1129 Lodi Pl, 126 S Kings Rd and 1802 N Western Ave. While the average home in North Hollywood, CA is selling in 89 days, 5025 Klump Ave has a days on market of 64 days. There are currently 128 homes for sale in the North Hollywood real estate market and 100 of them are single family homes while 22 of them are condos and 6 are townhomes. For more information on this home for sale at 5025 Klump Ave North Hollywood, CA 91601 contact Ardent Real Estate Group and we will put you in touch with one of our North Hollywood agents.

Public Facts for 5025 Klump Ave

Public county record property details

Beds: 8
Baths: 6
Year built: 1929
Sq. Ft.: 4,731
Lot Size: 11,247
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 10
APN: 2353-013-022

The source for these homes facts are from public records.

91601 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,020,000

Median List Price/Sq.Ft.

$701

Median Sold Price

$795,000

Median Sold Price/Sq.Ft.

$517

Total Inventory

Median Sale to List Price %

99.39%

Avg Days on Market

Loan Type

Conventional (30%), FHA (10%), VA (0%), Cash (20%), Other (0%)

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.