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13103 Barbara Ann Street

North Hollywood, CA 91605

$6,388,888 $26,935/Mo

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Overview

Bed

Bath

24,256

Sqft

39,420

Sqft(Lot)

Description

The property has been under the same ownership for more than 30 years and current rents offer extensive room for growth. This creates a prime repositioning opportunity for a new owner to refresh apartment interiors and amenities to potentially recapture the 47% rent upside. The attractive asking price of only $155,827 per unit allows an investor to gain a sizeable foothold in the dense North Hollywood rental market at a relatively low price. In fact, only one property has sold at a lower price per unit in North Hollywood in the past year (Source: CoStar COMPS). The current owner has replaced all electrical subpanels throughout the building in 2026, which could help to reduce both insurance and utility costs substantially. A brand new water heater and storage tank were also installed in 202 5, and all windows have been replaced and upgraded. The building does not appear on the Los Angeles Department of Building & Safety's Seismic Retrofit List, saving a new investor from an otherwise burdensome expense. The property offers a generous amount of on-site parking to tenants with 55 spaces, or 1.34 spaces per bedroom. The surplus of parking spaces helps provide additional income, as does the on-site laundry facility. Located near the intersection of Sherman Way and Coldwater Canyon Avenue, the property allows tenants convenient access to the Greater Los Angeles Metro Area via the nearby 170 Freeway. Residents also enjoy the building's proximity to several national retailers, including Trader Joe's, Home Depot, Ralphs, Vallarta Supermarkets, and Walgreens, all within three miles of the property.

Property Details

Property Type : ResidentialIncome

Price : $6,388,888

AD Id : 78916619

MLS Id : 26833351

Beds : 41

Lot Size : 39,420 Sqft

Living Area Size : 24,256

Year Built : 1972

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 41

Bathroom Information

Total Baths: 41

Building Information

Year Built: 1972

Building Area Total: 24256

Stories: 2

Private Pool: No

Lot Information

Main Square Feet: 39420 Lot Size Acres: 0.905 Lot Size Source: Assessor Lot Size Square Feet: 39,420

Listing Price Information

Listing Price: $6388888

Tax Information

Parcel Number: 2327014010

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 54 Assigned

Location Information

Direction: We are pleased to announce the opportunity to purchase 13103 Barbara Ann Street, a 41-unit multifamily property located in North Hollywood, CA.

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