11319 McCormick Street

North Hollywood, CA 91601

$1,360,000
Last Sold Price
4
Beds
3
Baths
2,546 Sq. Ft.
$534 / Sq. Ft.
2,546
Sq. Ft.
$534
per Sq. Ft.

Description

Triplex situated on a small residential street in the North Hollywood Arts District. The triplex consists of Two 2Bd/1Ba units in a two-story structure at the front of the property and a Studio unit in the rear of the property. As the current use, this is a value add deal with approximately 60% rental upside. However due to the very attractive C4 Zoning, this property could be re-developed. A developer can build 18 units by right, and is TOC/Tier 4 Designation (check with city). The property is only...Triplex situated on a small residential street in the North Hollywood Arts District. The triplex consists of Two 2Bd/1Ba units in a two-story structure at the front of the property and a Studio unit in the rear of the property. As the current use, this is a value add deal with approximately 60% rental upside. However due to the very attractive C4 Zoning, this property could be re-developed. A developer can build 18 units by right, and is TOC/Tier 4 Designation (check with city). The property is only a few blocks away from Lankershim Blvd and Magnolia Blvd. It has a 94 Walk Score. In addition, this block of McCormick Street has a church, elementary school and is right by the North Hollywood Recreation Center Park and facilities. This is the first time this property has been on the market in 28+ years.
  1. Listed by Keith Moret • DRE #01802527 • Brokerage DRE #01407700 • Keller Williams Beach Cities
  2. Listed by Nicholas Ensbury • DRE #02012167 • Keller Williams Beach Cities

Property Details for 11319 McCormick Street

Zoning
LAC4
Parcel Number
2350017014
Total Units
3.0
Living Area
2546
Source Living Area
Assessor
Area
North Hollywood (NHO)
Vacancy Rate
none
Lot Size Area
7495
LISTING UPDATED: 08/15/2022 10:14 AM

Property Details for 11319 McCormick Street

StatusSold
MLS #22-143743
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1937
Lot Size0.17 AC / 7,495 SF
CountyLos Angeles County

Building Information for 11319 McCormick Street

Stories2Residences-Year Built1937Building Size-Lot Size0.17 AC / 7,495 SF

Property Information for 11319 McCormick Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
  • Management Company Name: Integrity Property Management
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Residential
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $43,729
  • Net Operating Income: $22,970.00
  • Gross Income: $45,081
  • Cap Rate: 2.42%
  • Gross Rent Multiplier: $13.19
  • Financial Info as Of: 04/06/2022
  • Vacancy Allow Percent: 5.00%
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 20759
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.1721
  • Lot Size Square Feet: 7495
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 3
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-06-2022
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,250.00
  • Unit Actual Rent: $2,250.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,093.00
  • Unit Actual Rent: $1,093.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $413.00
  • Unit Actual Rent: $413.00
  • Unit Projected Rent: $1,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $7,231.00
  • Assessed Improvement Percent: 2.22
  • Assessed Land Value: $318,624.00
  • Assessed Land Percent: 97.78
  • Assessed Total Value: $325,855.00

Property History for 11319 McCormick Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 11319 McCormick Street

Taxable ValueLand$836,400Additions$550,800Total$1,387,200
Tax Record2024$18,189 ($1,516 / month)
Home Facts
Total Finished SqFt2,546 SqFtAbove Grade Finished SqFt2,546 SqFtLot Size7,495 SqFtStyleTriplexYear Built1937ZoningLAC4CountyLOS ANGELESAPN2350-017-014

Schools near 11319 McCormick Street

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 12
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 12

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.

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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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beach Cities, Keith Moret, DRE #01802527; Keller Williams Beach Cities, Nicholas Ensbury, DRE #02012167

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.