Thank you
Jeanette Monfared
Marcus & Millichap
818-212-2700
INVESTMENT HIGHLIGHTS: Marketing Package attached under Docs. Six (6) Large Units Located on Desirable Whitsett Avenue in North Hollywood; Apartments Average 848 square feet of Space; Current Cap Rate equal to 5.06%; Unit Mix of Two 2 Bd/1Ba and Four 1 Bd/1Ba Apartments; No Seismic Retrofit Needed; Per Apartments.com : "As of April 2024, the average rent in North Hollywood, CA is $1,875 per month. This is 24% higher than the national average rent price of $1,514/month, making NorthHollywood one of the most expensive cities in the US. When you rent an apartment in North Hollywood, you can expect to pay about $1,735 per month for a studio, $1,875 for a one-bedroom apartment, and around $2,414 for a two-bedroom apartment."
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Total Bedrooms : 8
Total Baths: 6
Full Baths: 0
Half Baths: 0
Wall/Window Unit(s)
Air Conditioning
Wall Furnace
Has Heating
Year Built: 1956
Building Area Total: 5,088
Laundry Room
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.155
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6751
Original List Price: 1,475,000
Listing Contract Date: 2024-04-30
Listing Agreement: Exclusive Right To Sell
Parcel Number: 2333008031
Garage Description: Detached Carport
Lease Term: Negotiable
Source Listing Status: Pending
Source Neighborhood: VG - Valley Glen
Directions: West of Laurel Canyon, South of Victory Boulevard.
Zoning: LAR3
Source Property Type: Residential Income
Area: VG - Valley Glen
Property Age: 68
Year Built Source: Vendor Enhanced
Total Square Feet Living: 5088
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 |
6107 Tujunga Avenue, North Hollywood, CA,91606 | $1,175,000 | -- | -- | 3,520 | 5118 Sqft |
6003 Cahuenga Boulevard, North Hollywood, CA,91606 | $1,300,000 | 8 | 4 | 3,420 | 11159 Sqft |
6622 Clybourn Avenue #124, North Hollywood, CA,91606 | $595,000 | 2 | 2 | 942 | 341205 Sqft |
11233 Victory Boulevard, North Hollywood, CA,91606 | $1,125,000 | 3 | 3 | 1,859 | 5449 Sqft |
11341 Victory Boulevard, North Hollywood, CA,91606 | $3,360,000 | 11 | -- | 7,030 | 11988 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 |
6662 Satsuma Avenue, North Hollywood, CA,91606 | $1,549,900 | 6 | 5 | 2,950 | 7356 Sqft |
6624 Farmdale Avenue, North Hollywood, CA,91606 | $867,000 | 3 | 2 | 1,206 | 6730 Sqft |
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ByOwner last updated this listing 05/17/2024 @ 17:29
MLS: 24386893
LISTED BY: Jeanette Monfared, Marcus & Millichap
SOURCE: CRMLS
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.