8250 Lankershim Blvd
North Hollywood, CA 91605
Hollywood Backlot Luxury Gated Homes · Multifamily Property For Sale
·
37,780 SF
Property Facts
| No. Units | 190 | Lot Size | 9.15 AC |
| Property Type | Multifamily | Building Size | 37,780 SF |
| Property Subtype | Manufactured Housing/Mobile Home | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1952 |
| Building Class | B | Parking Ratio | 3.26/1,000 SF |
| Zoning | M1-1,North Hollywood | ||
| No. Units | 190 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 9.15 AC |
| Building Size | 37,780 SF |
| No. Stories | 1 |
| Year Built | 1952 |
| Parking Ratio | 3.26/1,000 SF |
| Zoning | M1-1,North Hollywood |
Amenities
Unit Amenities
- Air Conditioning
About 8250 LANKERSHIM BLVD , NORTH HOLLYWOOD, CA 91605
CBRE, Inc. is pleased to present for sale Hollywood Backlot Homes: A unique, turnkey, value-add residential rental investment opportunity of up to 190 units situated on ±9.15 park-like acres in North Hollywood, California. The property was formerly operating as a mobile home park. Over the past 20 years, Ownership was successful in vacating 140 of the mobile home spaces to create this extraordinary value add opportunity. There remains 49 spaces that are currently leased to tenants that own their own homes (herein referred to as legacy units). These legacy units are mainly concentrated at the rear section of the property, with the exception of 5 units. The potential is to put manufactured homes on each of the 190 spaces, starting with the 140 spaces that are available now and rent them as a multifamily community. Included in the price for the property are 51 new manufactured homes. There are currently 33 manufactured homes in various stages of installation on the property and almost half are already leased and occupied. An additional 18 manufactured homes have been ordered and are expected to be delivered to the property in November 2017.
Property Taxes
| Parcel Number | 2311-001-001 | Improvements Assessment | $1,443,611 |
| Land Assessment | $28,434,798 | Total Assessment | $29,878,409 |
Property Taxes
