Thank you
David Nalbandyan
LA Premier Realty
855-525-7653
We are pleased to present an extremely unique multi family property that provides cash flows, significant rental upside, ADU opportunities, attractive unit mix, and a low assumable interest loan. Settled on a 14K lot with 100 Feet frontage and access from both Klump Ave and Fair Ave, this property offers 7 existing units consisting of Two (2) Single Family Houses that have been completely remodeled from the exterior and interior, One (1) 1 Bedroom ADU with Certificate of Occupancy and Four (4) 1 Bedroom Bungalows. In addition, it offers Two (2) fully approved ADU plans with Ready-to-Issue (RTI) permits for an easy value add opportunity to make this a 9 Unit property with proforma rent of $266K annually. All units have private laundry hook-ups inside the units, no common walls, and yard space. Take advantage of an attractive assumable loan of 3.80% Interest only with over 3 years of term remaining, offering immediate cash flow unlike anything else on the market.
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Water Source : Public
Sewer : Public Sewer
Year Built: 1949
Building Area Total: 5,635
None
Inside
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.317
Lot Size Source: Assessor
Lot Size Square Feet: 13809
Original List Price: 2,895,000
Listing Contract Date: 2024-03-25
Listing Agreement: Exclusive Right To Sell
Parcel Number: 2337032003
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: NHO - North Hollywood
Postal Code Plus 4: 1934
Directions: between oxnard and burbank
Zoning: LARD1.5
Source Property Type: Residential Income
Area: NHO - North Hollywood
Property SubType: Apartment
Property Age: 75
Common Walls: No Common Walls
Structure Type: Apartment
Year Built Source: Assessor
Entry Level: 2
Entry Location: Fair & Klump
Levels or Stories: One
Building Total Stories: 1
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 |
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ByOwner last updated this listing 05/07/2024 @ 10:11
MLS: BB24009352
LISTED BY: David Nalbandyan, LA Premier Realty
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.