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.
PV22230641
Multi-Family, Business Opportunities, 2 Story
Los Angeles
1957
0.1175
Acres
Public
2
Stucco
3,520
Sq. Ft.
Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected
1 Total
Detailed Room Information
- Laundry
- Common Area
Interior Features
- Appliances
- Dryer,Washer
- Cooling
- Window/Wall Unit
- Heating
- Other. Wall Furnace.
- Security
- Carbon Monoxide Detector(s),Smoke Detector(s)
Exterior / Lot Features
- Parking
- 5 Parking Spaces. 0 Covered Parking Spaces.
- Exterior
- Stucco
- Roof
- Composition
- Additional Exterior/Lot Features
- 0-1 Unit/Acre.
Community Features
- Security Features
- Carbon Monoxide Detector(s),Smoke Detector(s)
- Complex Features
- Carbon Monoxide Detector(s),Smoke Detector(s)
Financial Considerations
2335036020
$14,687
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