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7315 Ethel Avenue $3,600,000

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    7315 Ethel Avenue North Hollywood, CA 91605

    Closed
    SOLD 11/15/2022

    $3,600,000

    • 10,666 sq. ft.
    • 0.45 Acres
    • Commercial Sale
    • MLS# PW22057996
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    Views: 21

    Property Details

    PRICE REDUCTION! Priced to sell. Located in the heart of North Hollywood, this property is an amazing opportunity for a commercial owner/user to acquire a real estate asset for their business. This property is close to the 170 Freeway and is perfect for warehouse distribution. The 10,666 square foot industrial building sits on an approximate 19,437 square foot parcel with plenty of gated parking. Property is in a cannabis friendly green zone and was previously DCR approved. Seller has already paid for permits for a 4000 amp panel upgrade that has been approved by LADWP. Over $300,000 spent on upgrades and planning for a new facility. Plans for a 29,000 square foot 3 story building are pending with LADBS.

    • General Features
      • Buyer Compensation 2.000 %
      • County Or Parish Los Angeles
      • Industrial Type Warehouse/Office
      • Number Of Buildings 1
      • YearBuilt 1986
    • Building Features
      • Laundry Features None
    • Property Features
      • Fencing Average Condition,Barbed Wire,Wrought Iron
      • Lot Features Lot 20000-39999 Sqft
      • Lot Size Acres 0.44

    Neighborhood

    91605 (North Hollywood) Demographics

    35 Median Age
    9,554 Population Density (per sq. mile)
    29% College Educated
    $53,335 Estimated Median Income
    6,224 Estimated Total Home Owners
    9,877 Estimated Total Renters
    39% / 61% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    52,345 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $775,000 Median Sales Price
    5 Homes Sold
    15 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $3,995,000 10.97%
        11/15/2022 2:00:00 AM Sold Source: Multiple Listing Service New Value: $3,600,000 -2.57%
        8/18/2022 4:47:11 PM Status Changed Source: Multiple Listing Service New Value: Pending
        7/27/2022 5:17:08 PM Price Reduced Source: Multiple Listing Service New Value: $3,695,000 -4.03%
        6/30/2022 2:01:57 PM Price Reduced Source: Multiple Listing Service New Value: $3,850,000
        6/7/2022 7:46:52 PM Status Changed Source: Multiple Listing Service New Value: Active
        Based on information from California Regional Multiple Listing Service, Inc. as of 12/6/2022 9:49:44 PM. 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.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.