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6944 Radford Avenue, North Hollywood, California 91605, North Hollywood, 91605 - bed, bath

6944 Radford Avenue, North Hollywood, California 91605 home-pic-0
ACTIVE$1,495,000
6944 Radford Avenue, North Hollywood, California 91605
0Bed
0Bath
2,420Sqft
9,003Lot
Year Built
1949
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$618
HOA
-
Days on market
-
Sold On
-
MLS number
SR25175153
Home ConditionTear down
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.50M(67th), sqft - 2420(67th), beds - undefined(50th), baths - undefined(50th).

If it says "ACTIVE" it is "ACTIVE." Attention investors, builders, and developers! Four-plex rare opportunity on a corner lot 9,000 Sqft. Zoning LARD3-1, with an incredible opportunity to build up to 18 units, or you can choose to build 4 ADUs. Currently, there are a total of 4 units, each offering 1 bed and 1 bath. Each unit has a reserved parking space, electric, and gas meter. Buy it and start building a new 14,400 Sqft. complex with 18 units and 36 bedrooms! Just minutes from the Bob Burbank Airport, Hollywood, Universal Studios, and the newly built NOHO West Shopping Plaza; is one of the area's latest developments where you can find the Regal movie theatre, Trader Joe’s, Starbucks, restaurants, boutiques, etc. Per Zimas.lacity.org, the property is an "Eligible Site ED 1" and may be applied to a shelter or 100% Affordable Housing Project on the site. Eligible projects receive expedited processing, clearances, and approvals through the ED 1 Ministerial Approval Process. Please check with LADBS for approved 2025 ADU California laws.

Price History

Date
Event
Price
08/05/25
$1,495,000
Condition Rating
Tear down
The property was built in 1949, making it 75 years old. The MLS description explicitly markets this as a development opportunity for investors and builders, highlighting the potential to build up to 18 new units or ADUs, and to 'start building a new 14,400 Sqft. complex.' This indicates the property's value is primarily in the land and its redevelopment potential, not in the existing structures. The absence of any interior photos, coupled with the age of the building and the focus on future construction, strongly suggests the current units are in very poor condition, functionally obsolete, or not economically viable for significant renovation, aligning with the 'tear-down' criteria where the structure's value is based solely on the land.
Pros & Cons

Pros

Exceptional Development Potential: Zoned LARD3-1 on a 9,000 sqft corner lot, allowing for the construction of up to 18 units, offering significant upside for investors and developers.
Prime Location: Strategically located minutes from Bob Burbank Airport, Hollywood, Universal Studios, and the newly developed NOHO West Shopping Plaza, ensuring high demand and future appreciation.
Corner Lot Advantage: The property's corner lot position provides enhanced flexibility for design, access, and potential for increased light and air for future development.
Immediate Income Generation: Currently operating as a 4-plex with separate meters and reserved parking for each 1-bed/1-bath unit, providing immediate rental income during planning or as a long-term hold.
Expedited Approval Eligibility: Designated as an 'Eligible Site ED 1' for shelter or 100% Affordable Housing Projects, potentially qualifying for expedited processing and approvals through a Ministerial Approval Process.

Cons

Age of Existing Structures: Built in 1949, the current quadruplex is dated and will likely require substantial renovation or demolition, adding to the overall project cost for redevelopment.
Significant Capital Investment Required: Realizing the full 18-unit development potential demands a substantial financial outlay for construction, permits, and associated development costs.
Regulatory Due Diligence: Despite expedited processes for certain projects, navigating the full scope of city regulations, permits, and specific 2025 ADU laws with LADBS requires thorough due diligence and can be complex.

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