North Hollywood, CA 91606,Address not disclosed
$625,000
Est. payment /mo
$600,000
4.2%
Est.Price: ?

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SOLD DATE : 07/21/2014

Key Details

Sold Price $625,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CC334143

Sold Date 07/21/14

HOA Y/N No

Year Built 1916

Property Description

Presenting an opportunity to acquire a five-unit apartment
building with an excellent unit mix. The subject property is located on a quiet residential street in the desirable North Hollywood submarket of Los Angeles.

This property consists of a main house with two bedrooms and one bathroom and a large, separate and private storage unit generating additional rent. There are also four rental units with plenty of on-site parking. The four units are comprised of two two-bedroom/one-bathroom units and two one-bedroom/one-bathroom units.

This is a value-add opportunity as rents are way below market and there is potential for major rental increases upon turnover of the units. The property is located close to major transportation hubs and freeways, as well as local shopping and entertainmen. Comments Title: Value-Add 6.4% CAP NoHo 5 Units.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Interior

Fireplace No

Exterior

Total Parking Spaces 5

Building

Lot Description Sprinkler System

Others

Tax ID 2320013014

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Jacob Hall • Marcus & Millichap
Bought with Jacob Hall • Marcus & Millichap

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High State Realty

+1(805) 490-1401

BROKER, OWNER | License ID: 02181686

BROKER, OWNER License ID: 02181686

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