A strong income property opportunity in the dynamic North Hollywood market with an abundance of new developments for shopping and entertainment, and located in the heart of North Hollywood's thriving population. Built in 1957 this well maintained building has 3,520 sq.ft. on 5,118 sq.ft. lot. The 5-unit mix consists of (2) 2bd/1bth units, (3) 1bd/1bth units, separately metered for tenant paid electric and gas. The building also offers new roof installed 2/2023, (4) 1-car enclosed garages, (5) driveway parking spaces, primarily hardscaped low-maintenance grounds, community laundry room with coin-operated washer and dryer, and added value in the costs for completed LADBS Soft-Story Retrofit Compliance in December 2021. Current Monthly Rents $5,766.80/Gross Monthly; Unit 1: $1,456/mo; Unit #2: $1113.84; Unit #3: $937.04; Unit #4: $937.04; Unit #5: $1,322.88. This central North Hollywood location is adjacent to Studio City, Burbank, and Toluca Lake and in close proximity to the Metro B Line (Red) North Hollywood station and just minutes from the 170 and 101 freeways providing short easy access to Hollywood, Downtown LA, Pasadena and more. The business rich area is highly desirable for rentals with consistent demand, surrounded by the studios and entertainment industry, Burbank airpo
Details
Type:
Multi-Family/Income Sale
Subdivision: Nho - North Hollywood
MLS Area:
NHO - North Hollywood
County: Los Angeles
Security Features: Smoke Detector(s)/Alarm(s)
Tax ID: 2335036020
Cap Rate: 3.73%
Gross Rent Multiplier: 16.52
Days on Market: 640
AltCal ID: CRPV22230104
Amenities: Awnings
Construction Type: Other
Flooring: Laminate
Foundation: Raised, Concrete Slab
Laundry: Washer, Washer/Dryer - Owned, Community Facility, Dryer
6107 Tujunga Ave., North Hollywood, CA 91606
Directions to here from: 155 mi
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Listed by Edward Barrios with Vista Sotheby's International Realty
Based on information from the MLSListings MLS) as of 7/26/2024. 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.
