Thank you
Edward Barrios
Vista Sotheby's International Realty
310-375-0583
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 airport, Universal Studios, as well as the NoHo Arts District and NoHo West shopping center -all help to maintain and grow the vibrant population. This premier apartment building brings established residential tenants in a booming market for long term growth.
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Water Source : Public
Sewer : Public Sewer
Roof : Composition
Exterior Property Features : Awning(s)
Property Appliances: Dryer,Washer
Fireplace: None
Flooring: Carpet,Laminate,Vinyl
Wall/Window Unit(s)
Air Conditioning
Wall Furnace
Has Heating
Fireplace Features: None
Has Fireplace: 0
Year Built: 1957
Building Area Total: 3,520
Construction: Stucco
Roof: Composition
Awning(s)
Raised,Slab
Carbon Monoxide Detector(s),Smoke Detector(s)
None
Common Area
Lot Dimensions Source: Assessor
Lot Size Acres: 0.1175
Lot Size Dimensions: 50x102
Lot Size Source: Assessor
Lot Size Square Feet: 5118
Original List Price: 1,175,000
Listing Contract Date: 2022-10-26
Listing Agreement: Exclusive Right To Sell
Parcel Number: 2335036020
Tax Year: 2022
Garage Description: Assigned
Lease Term: Negotiable
Tenant Pays: Cable TV,Electricity,Gas,Trash Collection
Source Listing Status: Active
Source Neighborhood: NHO - North Hollywood
Postal Code Plus 4: 4246
Directions: From Tujunga Avenue and Oxnard Street, head north on Tujunga Avenue, building located on the West side of the block, after Calvert Street.
Zoning: LAR3
Source Property Type: Residential Income
Area: NHO - North Hollywood
Property SubType: Apartment
Property Age: 67
Common Walls: No Common Walls
Structure Type: Apartment
Year Built Source: Assessor
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
6729 Babcock Avenue, North Hollywood, CA,91606 | $888,000 | -- | -- | -- | 6224 Sqft |
6003 Cahuenga Boulevard, North Hollywood, CA,91606 | $1,300,000 | 8 | 4 | 3,420 | 11159 Sqft |
6339 Morse Avenue #108, North Hollywood, CA,91606 | $485,000 | 2 | 2 | 912 | 278582 Sqft |
6622 Clybourn Avenue #124, North Hollywood, CA,91606 | $595,000 | 2 | 2 | 942 | 341205 Sqft |
11341 Victory Boulevard, North Hollywood, CA,91606 | $3,360,000 | 11 | -- | 7,030 | 11988 Sqft |
11224 W Lyon Lane, North Hollywood, CA,91606 | $1,090,000 | 3 | 3 | 1,800 | 1239 Sqft |
11220 W Lyon Lane, North Hollywood, CA,91606 | $995,000 | 3 | 3 | 1,800 | 971 Sqft |
11218 W Victory Boulevard, North Hollywood, CA,91606 | $975,000 | 3 | 3 | 1,800 | 1177 Sqft |
11662 W Verde Place, North Hollywood, CA,91606 | $899,000 | 4 | 3 | 1,858 | 1393 Sqft |
11670 Erwin Street, North Hollywood, CA,91606 | $959,000 | 4 | 2 | 1,600 | 4370 Sqft |
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ByOwner last updated this listing 05/05/2024 @ 23:06
MLS: PV22230104
LISTED BY: Edward Barrios, Vista Sotheby's International 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.