5535 Elmer Ave North Hollywood, CA 91601
North Hollywood NeighborhoodEstimated payment $19,270/month
Highlights
- New Construction
- 5-minute walk to North Hollywood Station
- Bike Trail
- No HOA
- Laundry Room
About This Home
ED1 DEVELOPMENT OPPORTUNITY IN THE HEART OF NoHo Arts District – RTI Plans for 57 Units, with zero parking requirement! Prime location offers unparalleled convenience, situated just steps from the Metro station, renowned dining, vibrant bars, and premier entertainment options that define North Hollywood’s dynamic lifestyle. This property will be delivered with RTI plans, fully approved for the construction of a 57-unit development—offering a streamlined path for development in a high-demand area. Complete project documentation will be available to serious buyers with qualifying offers.
Listing Agent
Exclusive Estate Properties Inc Brokerage Phone: 818-396-6024 License #01337122 Listed on: 08/08/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,828
Year Built
- New Construction
Lot Details
- 7,257 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- 21,614 Sq Ft Home
- Apartment
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Tax Lot 9
- Tax Tract Number 3617
- Assessor Parcel Number 2350008044
- $281 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 57 Units
- 5-Story Property
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- Rent Control
- 57 Separate Electric Meters
- 1 Separate Water Meter
- Insurance Expense $8,000
- Professional Management Expense $10,000
- Trash Expense $5,000
- Water Sewer Expense $10,000
- Operating Expense $23,000
- Gross Income $118,600
- Net Operating Income $108,600
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,828 | $1,400,000 | $1,269,000 | $131,000 |
| 2024 | $2,828 | $219,328 | $87,318 | $132,010 |
| 2023 | $2,776 | $215,028 | $85,606 | $129,422 |
| 2022 | $2,651 | $210,813 | $83,928 | $126,885 |
| 2021 | $2,614 | $206,681 | $82,283 | $124,398 |
| 2019 | $2,538 | $200,553 | $79,844 | $120,709 |
| 2018 | $2,421 | $196,622 | $78,279 | $118,343 |
| 2016 | $2,304 | $188,990 | $75,241 | $113,749 |
| 2015 | $2,270 | $186,152 | $74,111 | $112,041 |
| 2014 | $2,285 | $182,507 | $72,660 | $109,847 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | For Sale | $3,500,000 | +150.0% | $162 / Sq Ft |
| 10/24/2024 10/24/24 | Sold | $1,400,000 | -6.6% | $1,381 / Sq Ft |
| 08/05/2024 08/05/24 | For Sale | $1,499,000 | -- | $1,478 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,400,000 | Orange Coast Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $52,000 | New Conventional | |
| Previous Owner | $100,000 | Credit Line Revolving |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25177485
APN: 2350-008-044
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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