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.
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.