Thank you
James Antonucci
Keller Williams Realty-Studio City
818-432-1500
5640 Bakman Ave is a charming 7-unit apartment building in the vibrant neighborhood of North Hollywood, California. This a rare opportunity for investors seeking a prime location with excellent rental potential. This seven-unit apartment building is comprised of (6) Six (1) One-bedroom and (1) One-bath units, and (1) One (2) Two-bedroom and (1) One-bath unit. Conveniently situated in North Hollywood, this property enjoys proximity to many amenities, including popular dining destinations, entertainment venues, shopping centers, and recreational parks. Commuters will appreciate easy access to major transportation routes, including the nearby Hollywood Freeway (US-101), providing seamless connectivity to the greater Los Angeles area. The property is within walking distance of the Metro Redline location and near the heart of the North Hollywood Arts District. The property has desirable amenities, including assigned parking spaces, on-site laundry facilities, and well-manicured communal areas. It is individually metered for gas and electricity and has a tremendous rental upside. The property has a Low Income Covenant until 2035, part of the ACHP. A copy of the Covenant will be provided. ***Property must be sold with 5653 Bakman Ave in North Hollywood***
Sell a home like this and save $86,501 Find Out How
Water Source : Public
Sewer : Public Sewer
Year Built: 1953
Building Area Total: 5,014
None
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1551
Lot Size Source: Assessor
Lot Size Square Feet: 6754
Original List Price: 1,450,000
Listing Contract Date: 2024-04-01
Listing Agreement: Exclusive Right To Sell
Parcel Number: 2337038012
Lease Term: Negotiable
Tenant Pays: Electricity,Gas
Source Listing Status: Active
Source Neighborhood: NHO - North Hollywood
Postal Code Plus 4: 1852
Directions: Between Lankershim Blvd and Vineland off of Burbank Blvd
Zoning: LARD1.5
Source Property Type: Residential Income
Area: NHO - North Hollywood
Property SubType: Apartment
Property Age: 71
Common Walls: 2+ Common Walls
Structure Type: Apartment
Year Built Source: Other
Entry Level: 2
Entry Location: 2
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
10835 Magnolia Boulevard, North Hollywood, CA,91601 | $3,500,000 | -- | -- | 3,200 | 5510 Sqft |
5620 Cartwright Avenue, North Hollywood, CA,91601 | $1,100,000 | 5 | 4 | 2,408 | 8871 Sqft |
5421 Denny Avenue, North Hollywood, CA,91601 | $1,200,000 | 2 | 1 | 776 | 5581 Sqft |
5739 N Canvas Court, North Hollywood, CA,91601 | $1,020,000 | 3 | 3 | 1,912 | 1114 Sqft |
5731 N Canvas Court, North Hollywood, CA,91601 | $1,149,000 | 3 | 3 | 1,891 | 1617 Sqft |
11304 Tiara, North Hollywood, CA,91601 | $1,595,000 | 5 | 2.5 | 4,117 | 7001 Sqft |
5735 N Canvas Court, North Hollywood, CA,91601 | $999,000 | 3 | 3 | 1,912 | 1114 Sqft |
5611 Fulcher Avenue, North Hollywood, CA,91601 | $4,600,000 | 23 | -- | 12,598 | 14030 Sqft |
4825 Craner Avenue, North Hollywood, CA,91601 | $1,025,000 | 3 | 3 | 1,681 | 933 Sqft |
5617 Denny Avenue, North Hollywood, CA,91601 | $1,349,800 | 5 | 4 | 1,802 | 7430 Sqft |
Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
ByOwner last updated this listing 05/07/2024 @ 08:48
MLS: SR24064369
LISTED BY: James Antonucci, Keller Williams Realty-Studio City
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.