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6926 Morella Avenue

North Hollywood, CA 91605
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Bed 17

Bed

Bath 21

Bath

SqFt7,932

Sqft

SqFt7,904

Sqft(Lot)

Recently Built, Fully Leased Income Property, NO Lease-Up required | Non-RSO | No Rent Control. A rare find for investors who want proven year-over-year cash flow, not construction risk. 6926 Morella Avenue is a recently completed, 100%-leased 5-unit property generating $227,988 in current annual income, already stabilized from day one. Unlike a vacant new-construction building that may still require months of marketing, screening, and lease-up before stabilization, this property is cash-flowing now, with rents already within ~3% of market. Built for Minimal Landlord Involvement: Every unit is separately metered for utilities; tenants pay their own electric, gas, and water. Landlord responsibility is limited to property tax, insurance, and minimal gardening, made even lighter by pavers, co ncrete hardscape, and drought-tolerant landscaping throughout the nearly 8,000 SF lot. This is about as close to a hands-off operating expense structure as ground-up construction gets. Non-RSO, No Rent Control, SB 8 Exempt. As recently constructed housing, the property falls outside LA's Rent Stabilization Ordinance and carries no affordable-housing covenant restrictions, full rental rate freedom, with none of the entanglements that come with older buildings, covenant-encumbered affordable housing, or RSO-covered buildings. Three detached buildings, including one fully standalone unit, sit on an oversized ~8,000 SF lot with ample on-site parking, a genuine differentiator in an infill submarket where many comparable properties offer little or none. Units are townhouse-style with multiple private balconies and patios throughout. Ideal for 1031 exchange buyers who want documented, in-place income rather than a speculative lease-up; cost segregation buyers drawn to the high depreciable basis of new construction; and professionals and business owners who want a low-touch, low-opex asset in one of the San Fernando Valley's most in-demand rental submarkets, minutes from Universal Studios, Warner Bros., and the NoHo Arts District.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,195,000

AD Id : 91149343

MLS Id : 26986171

Beds : 17

Lot Size : 7,904 Sqft

Living Area Size : 7,932

Year Built : 2021

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 17

    Bathroom Information

    Total Baths: 21

    Flooring Information

    Laminate
  • Interior Features

    OpenFloorplan, RecessedLighting
    Appliances: Dishwasher, Disposal, Microwave, Refrigerator, VentedExhaustFan, Dryer, Washer
    Laundry Features: Inside, LaundryCloset, Stacked
    Window Features: DoublePaneWindows
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 2021
    Building Area Total: 7932
    Construction Materials: Stucco
    Pool Features: None
    Private Pool: No
    View: None

  • Lot Information

    Lot Dimensions: 60x132 Main Square Feet: 7904 Lot Size Acres: 0.1815 Lot Size Source: Assessor Lot Size Square Feet: 7,904

  • Listing Price Information

    Listing Price: $3195000

  • Tax Information

    Parcel Number: 2321016017

  • Parking Information

    Parking Total: 12 Assigned, Covered, DoorSingle, ElectricGate, Garage

    Garage Information

    Has Attached Garage: Yes

  • Location Information

    Direction: Vanowen to Morella Ave, (West of Lankershim Blvd) WaterSource: Public Security Features: CarbonMonoxideDetectors,FireDetectionSystem,FireSprinklerSystem,SecurityGate,SmokeDetectors
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Nearby Home Value

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8250 Lankershim Bouleva.., North Hollywood, CA, 91605 $114,950 2 1 540 419,426.17 Sqft
8250 Lankershim Bouleva.., North Hollywood, CA, 91605 $179,950 3 2 780 419,427 Sqft
8250 Lankershim Bouleva.., North Hollywood, CA, 91605 $189,950 3 2 780 419,427 Sqft
8250 Lankershim Bouleva.., North Hollywood, CA, 91605 $79,000 1 1 420 419,426.17 Sqft
8250 Lankershim Bouleva.., North Hollywood, CA, 91605 $179,950 3 2 840 419,426.17 Sqft
8250 Lankershim Bouleva.., North Hollywood, CA, 91605 $179,950 3 2 840 419,426.17 Sqft
8250 Lankershim Bouleva.., North Hollywood, CA, 91605 $215,000 3 2 1,078 419,427 Sqft
8250 Lankershim Bouleva.., North Hollywood, CA, 91605 $165,000 2 1 784 --

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ByOwner last updated this listing 09/14/2026 @ 04:02

MLS: 26986171 LISTED BY: Cesar Leyva, Beverly & Company Luxury Properties 323-410-0848 SOURCE: CRMLS

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