We are proud to present 10611 Landale St, a primely located 5 unit multifamily property in the Toluca Lake neighborhood of Los Angeles. This rent controlled property was last sold in 1999, allowing buyers the chance to purchase a generational asset that hasn't been sold in 25 years!Built in 1951, this 4,114 square foot property sits on a 9,922 square foot lot (0.23 acres), and it boasts a strong unit mix of (3) 1 bed / 1 bath units, (1) studio, and (1) very large 2 bed / 1 bath unit that comes with a living room, dining room, and a den - the den is currently being used as a 3rd bedroom. The units are split between two different structures. The structure at the front of the lot houses the three 1-bedroom units, and the structure at the back has the smaller studio unit and the very large upstairs 2-bedroom unit. Also at the back are 5 private 1-car garages. The property has been very well taken over the decades of ownership. The roof, electrical, and plumbing systems are in good working order and the seller already completed the seismic retrofitting for the property in 2020.10611 Landale offers a strong value add play for investors. There's over 20% upside potential on the current units, and this property could be perfect to add units by converting some or all of the garages to ADUs. Situated in the highly walkable Greater Toluca Lake neighborhood with an impressive 83 Walk Score, the property is just steps away from popular parks like South Weddington Park and Woodbridge Park. Tenants will appreciate the convenience of nearby amenities and access to Riverside Drive and Cahuenga Boulevard. This prime location, combined with rental upside and ADU potential, makes 10611 Landale St a rare investment opportunity in one of Los Angeles' most desirable neighborhoods.
This versatile triplex features three separate homes on the lot, each with its own private outdoor space, dedicated parking, and individual metered. Each unit also has its own laundry facilities for added convenience. The front unit is currently vacant, offering a great opportunity for an owner-occupier or an investor seeking market rent potential. The two rear units are tenant-occupied with market-rate rents, providing steady income. The rear-most unit is a newer ADU with solar panels and a certificate of occupancy. Additionally, owner-occupants may qualify for a Fannie Mae home loan with down payments as low as 5%.
Strategically located on Victory Blvd, this 11-unit 7,030 square foot apartment building located in the heart of North Hollywood sits on an 11,988 square foot R3-zoned lot. This property features a secure gated entrance, a welcoming courtyard for residents, community laundry facilities, and ample parking. With rents currently below market value, there's great potential for rental income growth. Provides easy access to 101, 170 and 5 freeways, shopping, dining, and public transit such as the Redline. Nearby Burbank Airport, University City, NOHO Arts District and North Hollywood Park. Excellent investment opportunity with strong potential for income growth!
R3 ZONED NOHO TRIPLEX on a prime, flat corner lot in the highly desirable NoHo Arts District with Plans for an additional 750 SF ADU which can be easily rented out for an additional yearly income of approximately $50k! This property consists of three classic California bungalows: a duplex with two 2-bedroom, 1-bath units facing Peach Grove St., and a freestanding 2-bedroom, 2-bath unit facing Klump St. The bungalows are connected by a newly paved, enclosed common area, along with a garage that can accommodate a small vehicle or serve as additional storage. The well-maintained grounds offer great potential for long-term investment. Ideally located near West Toluca Lake & a short drive from Hollywood, with easy access to restaurants, shopping, spas, gyms, art galleries, and more!
OM is available upon request. Equity Union as the exclusive listing agent is pleased to present the opportunity to acquire 11264 Morrison St., a six (6) unit apartment building built in 1987 and not subject to the Los Angeles Rent Stabilization Ordinance. The building is subject to State of California AB1482, which allows for five % plus CPI annual rent increases. The unit mix consists of all 2bed+2bath units. The property is a three-story (two stories of apartments on top of an above ground parking structure area) 5,802 square foot walk-up building with frame and stucco construction situated on a 6,500 square foot lot. All the units have large open floor plans that provide an investor with the opportunity to complete their own renovation plan and significantly increase rents. Unit features include large master and second bedrooms, large bathrooms, spacious living room areas, separate dining areas adjacent to the kitchens, and significant natural light. Four of the units have updated flooring, kitchens and bathrooms, including the one current vacancy, which is rent-ready condition. Due to the large size of the units, investors may want to explore the possibility of adding washer/dryers in each unit. All units feature individual hot water heaters, central air conditioners, are separately metered for electricity and gas, and the landlord pays for water and trash. Gated access parking is provided onsite with six (6) very large tandem spaces. Onsite laundry is also provided in a room near the parking area. The front yard area has just been updated with a drought-resistant plant and decomposed granite modern landscaping design and the rear of the property has been updated with a modern stone patio that is a perfect gathering area for tenants.
We are proud to present The Pink Flamingo, a classic 10-unit multifamily property located at 11143 Aqua Vista Street in the highly desirable Studio City neighborhood. This property is subject to LA City's Rent Control (RSO), and this is the first time the property has been listed for sale in over 35 years.Built in 1957, this Mid-Century Modern dingbat-style building consists of 8 one-bedroom, one-bath units and 2 two-bedroom, one-bath units. All units are currently occupied with all tenants paying their rent in full and on time. Furthermore, this investment offers a buyer the opportunity to capitalize on nearly 35% upside potential in rental income.The property spans 6,895 square feet on a lot of 8,531 square feet and includes on-site amenities such as a pool, laundry facilities, parking, and air conditioning in most units. Recent upgrades to the property include a brand new 400 AMP electrical system with subpanels for each unit, soft-story retrotting completed in 2018, and a full roof replacement in 2017, ensuring a solid investment for the future.Most units have been carefully restored, showcasing gleaming solid hardwood oors, designer kitchens with gray cabinets, quartz countertops, and vintage-inspired pink and gray bathroom tiles. The property maintains its Mid-Century charm while offering modern conveniences like updated appliances, instant hot water, and ample closet space. With a strong walkability score of 71, tenants will enjoy the proximity to popular destinations such as Universal Studios, Warner Brothers, and trendy Tujunga Village, which boasts a variety of restaurants, cafes, and boutique shops.The Studio City location makes The Pink Flamingo an attractive investment for potential buyers. Known for its blend of quiet residential streets and easy access to major freeways and entertainment hubs, this area is ideal for tenants seeking a balance of suburban tranquility and urban convenience. Its proximity to major studios, along with the appeal of the surrounding upscale neighborhoods, ensures a steady demand for rentals, making it a stable and lucrative investment opportunity.
Prime Short-Term Rental Income Generator! Nestled in the heart of Toluca Lake, this property is a goldmine for short-term rentals. Featuring two modern units in the back, fully permitted for short-term rentals, this setup is tailor-made for maximizing income. Whether you're an investor or an owner looking to live on-site while cashing in on high rental demand, this opportunity is not to be missed.The front unit is a charming, remodeled 2-bed, 2-bath Spanish-style home with private outdoor living spaces, a cozy fire pit, and a serene Moorish water feature. The mature, drought-tolerant landscaping adds to the low-maintenance appeal while creating a lush, tranquil atmosphere for guests. Step to the back and discover the sleek duplex, built in 2018, featuring two stunning 2-bed, 2-bath units with high-end stainless steel appliances and stylish subway tile showers. Each unit is designed with renters in mind, offering private patios, in-unit laundry, and modern finishes throughout. The upstairs unit even has two balconiesperfect for soaking up that sunny LA weather! The duplex is not subject to RSO buyer to verify providing even more flexibility for rental terms.Each unit is independently metered for utilities, ensuring convenience for both tenants and owners. Outdoor spaces are enhanced with vibrant wall murals, lush landscaping, and elegant water features, making these units highly desirable for short-term guests. Situated near LA's major studios (Disney, Universal, Warner Bros.) and iconic attractions like the Hollywood Bowl, this property offers unbeatable convenience for tourists and professionals alike. Easy access to major freeways and Metro stations makes commuting a breeze. This high-demand, income-generating property is a rare find in one of LA's hottest rental markets. Act fast-- your short-term rental empire awaits!
Discover this outstanding investment opportunity in the heart of North Hollywood, the property features three spacious 2-bedroom, 2-bathroom homes. Each unit is thoughtfully designed with vaulted ceilings that create a sense of openness and light. The expansive living rooms offer ample space for entertainment, while the spacious kitchens feature dedicated dining areas. Every unit also boosts 2 ensuite bedrooms. Two of the units are currently rented, providing instant cash flow, while the third unit is vacant and ready for new occupants or can serve as an opportunity for immediate rental income. Strategically situated, this triplex is just minutes from major freeways, including the 101 and 170, ensuring seamless connectivity to downtown Los Angeles and the wider Southern California area. The property benefits from its proximity to key educational institutions such as Los Angeles Valley College. The vibrant NoHo Arts District is a short distance away, providing an eclectic mix of theaters, art galleries, and diverse dining options, making it a lively and culturally rich neighborhood. Entertainment enthusiasts will appreciate the close proximity to the attractions such as Hollywood and Universal Studios. Residents of this triplex will enjoy easy access to a variety of shopping and dining experiences, including North Hollywood Plaza and the bustling Magnolia Boulevard. The property is also well-served by public transportation, with major bus routes and the North Hollywood Metro Station nearby, enhancing convenience for tenants. This triplex offers a compelling investment opportunity in a sought-after area with strong rental demand and promising growth potential.
5629 Cleon Ave is a charming four-unit apartment community located in North Hollywood, CA, one of the San Fernando Valley's most desirable rental communities. Located near Lankershim Blvd and in the heart of the Noho Arts District, tenants benefit from easy access to the San Fernando Valley and City of Los Angeles. Built in 1954, the property has a good unit mix of four one-bedroom, one-bathroom units. With rental upside the property makes for an ideal value-add project for an investor. The property has been well maintained by current ownership and allows an exciting opportunity for a new investor. Perfect for first time investors or owner-user investors
3 UNITS IN ONE LOT!! FULLY VACANT!! Remodeled 3 bed 2 bath plus brand new 3 bed 3 bath ADU plus a remodeled junior ADU in middle. One of Kind Opportunity, this 3 Stunning homes are situated on one lot close to everything! HOUSE #1: 3 Bedrooms, 2 Baths at 1130 sqft, Bright, light, open w/ Amazing Cook's Kitchen. This HOUSE has been meticulously renovated and looks NEW. Enjoy the elegance of luxury flooring, new windows, doors, paint, creating a space that exudes timeless charm and contemporary allure. HOUSE #2: 350 sqft Junior ADU, perfect for in-laws or family, a cozy retreat single w/ full kitchen, bathroom, laundry and separate entrance! HOUSE #3: in the BACK is - BRAND NEW Construction ADU, Bright & OPEN with 3 Bedrooms, 3 Baths, Gourmet Cook's Kitchen and awesome private backyard views! Every detail has been thoughtfully curated, from the quartz countertops to the designer-quality fixtures and bathroom tiles. As you explore the ADU, you'll be greeted by the same level of quality and craftsmanship. With its own entrance and amenities, this newly constructed dwelling offers privacy and comfort, ideal for guests, extended family, or rental income opportunities. And There's MORE: You still have a Double Detached Garage! There is also a huge garden/backyard area, providing a tranquil retreat amidst the bustling NOHO arts district. Conveniently located close to vibrant cultural experiences, eclectic dining options, and entertainment venues, this property offers the best of North Hollywood living at your doorstep. Don't miss the chance to own a piece of paradise in this coveted neighborhood.
Great Development Opportunity or Add ADU's. Vacant Duplex, 1 Upgraded, 1 Original. Detached 3 Car Garage. Located on a Large 8,124 Sq Ft LAR1.5 Corner Lot, or, Opportunity to Build up to 5 Units!!! Great NoHo Location, Close to Entertainment, Shopping Transit &Restaurants!!!
Charming NoHo freshly renovated Main House with Tenant Occupied back unit. Zoned R1, but back unit is legal, and permitted as guest/bonus space, but has been rented out for 30+years and is registered with LAHD. Rent on back unit is $1,800. Main/Front house with newly rehabbed vintage main bath with new shower and half bath with new tile, sink, and lighting. Remodeled Kitchen with quartz countertops, new backsplash, new tile floors, new stove and dishwasher. Additionally, painted inside and out, all new lighting, hardwood floors 90% replaced and refinished. Assessor shows a 3rd bedroom, but is currently set-up as a Den. Walking distance to NoHo Arts District, MetroRail, and Chandler walking/bike path! Freeway and Studios all in very close proximity. Front house is great for those who want to live in and offset the mortgage with the back unit.
This property offers a total of six units, including four standard units and an additional efficiency unit, alongside an Additional Dwelling Unit (ADU). Designed to maximize rental potential, the diverse layout caters to a wide range of tenants, providing flexibility in living arrangements. Constructed brand new, the property boasts modern design and energy efficiency, ensuring minimal maintenance costs and appealing finishes that create a pristine, move-in-ready environment for prospective renters. Located in the desirable North Hollywood area, the property benefits from proximity to entertainment, dining, and cultural attractions, enhancing its long-term rental appeal and appreciation potential. The units offer a range of attractive amenities, including in-unit washers and dryers, private patios or decks, and private garages, which boost tenant convenience and comfort. Spacious floor plans provide ample living and entertaining space, while townhouse-style units give tenants a sense of individuality and privacy, mimicking the experience of single-family home living and further increasing demand.
This 8 unit apartment building is located in the heart of North Hollywood, and just a few blocks from the NoHo Arts District. 5550 Denny Ave is surrounded by single family homes in a low density street with both onsite and offsite parking. The property has great curb appeal with all new concrete, new entrance gate and planters. Per the Seller, in 2019 the building was updated to all new copper plumbing and a new roof . All electrical panels are currently be replaced. This property has an attractive unit mix of one & two bedroom units, and is separately metered for gas and electricity. At list price, this has an attractive 6.32% CAP with an additional 25% rental upside.
Charming duplex in NOHO, One unit vacant and move-in ready! Ideal for owner-occupiers or investors. This turn-key property features two 2-bedroom, 1-bath homes, each with a private backyard. Enjoy the old Hollywood-style cottage with a citrus-shaded front patio. Located just a few blocks from the new NOHO West Development, which includes Trader Joe's, LA Fitness, and various restaurants and shops. One unit was recently made available and is ready to go, which is perfect for owner-user, while the other has a quality tenant in place, offering rental income to help pay down the mortgage. A smart investment on a developing street in trendy NOHO!
Welcome to 6735 Morella Ave – A Promising Income Investment! This single-family residence features a desirable ADU (Accessory Dwelling Unit). There are no attached walls, and separate entrances. 6735 boasts an attached garage with two parking spaces, three bedrooms, and two bathrooms across 1,187 sq. ft. The ADU at 6735 1/2 also offers three bedrooms and two bathrooms, with 1,140 sq. ft. of living space. Both units are equipped with recessed lighting, central air conditioning and heating, dedicated laundry areas, spacious family rooms, and kitchens featuring gas stovetops, ovens, and range hoods. Each primary suite includes an en-suite bathroom with a shower-in tub, while the additional guest bedrooms provide plenty of space for customization. Situated in the highly sought-after North Hollywood neighborhood, this property offers convenient access to the 170 freeway and is just a short drive from Burbank Airport. Don’t miss this opportunity to live in one unit and rent out the other for income, or maximize your investment by renting both!
Welcome to 6731 Morella Ave – A Promising Income Investment! This single-family residence features a desirable ADU (Accessory Dwelling Unit). There are no attached walls, and separate entrances. 6731 boasts an attached garage with two parking spaces, three bedrooms, and two bathrooms across 1,187 sq. ft. The ADU at 6733 also offers three bedrooms and two bathrooms, with 1,140 sq. ft. of living space. Both units are equipped with recessed lighting, central air conditioning and heating, dedicated laundry areas, spacious family rooms, and kitchens featuring gas stovetops, ovens, and range hoods. Each primary suite includes an en-suite bathroom with a shower-in tub, while the additional guest bedrooms provide plenty of space for customization. Situated in the highly sought-after North Hollywood neighborhood, this property offers convenient access to the 170 freeway and is just a short drive from Burbank Airport. Don’t miss this opportunity to live in one unit and rent out the other for income, or maximize your investment by renting both!
OPPORTUNITY ZONE FULLY VACANT MASSIVE BRAND NEW 5 UNITS! Welcome to your next turnkey investment or your first smart investment!! Luxury Brand New 5 units in the heart of the NoHo Arts District. These 5 brand new townhome-style units feature top-tier finishes, spacious walk-in closets, tons of natural light, modern sleek open floor layouts, fully equipped kitchens and in-unit washers and dryers. It's composed of an ideal unit mix of 5, 4, and 3x 3 bedroom units with 8,132 sq ft of livable space plus 490 sq ft of garages. Do not miss your chance to own this one of a kind 5 units!!
4 unit multi-family income property in the heart of Hollywood! Which including THREE 2 bedroom, 2 bathroom units, and a 1 bedroom, 1 bathroom unit. Two separate buildings on a 6,378 square foot lot. The front house is a Craftsman Bungalow divided into a duplex. Both units have been remodeled, with new kitchens, including cabinets, counter tops, light fixtures and appliances. New window treatments, bathrooms and tankless water heaters added. The rear building is a 2 story duplex, with 1 garages, 1 storage room. The upstairs unit has been updated. There is one driveway on each side, and can be used for parking. It is close to CNN Studios, blocks from Cinerama Dome.
Great 6 unit all 2 Bedroom and 2 Bath building in a great area of North Hollywood. No City Rent control. This property is part of a Portfolio and being sold together with 857 Plymouth and 4906 Rosewood.
THIS IS THE ONE 5 UNITS-FULLY STABILIZED: 6926 Morella Ave - Welcome to this exceptional investment opportunity that was meticulously crafted and built in 2021. Consisting of three buildings, this modern complex offers unparalleled amenities and convenience for tenants. Every unit boasts the pinnacle of comfort with central air conditioning and heating, ensuring year-round comfort. The inclusion of inside laundry facilities, along with essential appliances such as refrigerators, stoves, and dishwashers, enhances the living experience for residents. Additionally, there is plenty of parking for all units with a combination of attached 1 car garages and surface parking lot spaces. Each unit offers a generous layout with a combination of four- & three-bedroom units, accommodating various tenant needs and preferences. Whether it's families seeking spacious living or professionals desiring roomy accommodations, these units cater to a diverse range of renters. With its modern amenities, thoughtful design, and full occupancy, this investment property presents a compelling opportunity for investors looking to capitalize on a thriving rental market. Don't miss out on the chance to secure a lucrative investment in the ultra-hot NOHO neighborhood. Make this property your 1031 exchange transaction.
Excellent Location - NoHo Arts District...Great Unit Mix of 3 two-bedroom units, 2 three-bedroom units, and 2 singles...Subject to a regulatory agreement requiring 40% of units (3 out of 7) be rented to eligible households...The Regulatory Agreement only has approx. 3 more years remaining (Buyer to verify)...Seismic retrofit completed by seller...only 10.2x grm...one unit currently vacant (can be rented by Seller if buyer prefers)
Runnymede Holiday Apartments presents opportunity to acquire a desirable garden style 40-unit complex consisting of open, low-density grounds and attractive low-maintenance construction consisting of an ideal (12) 1 bedroom / 1 bath units at 650 sqft, (20) 2 Bedroom / 1 bath units at 950 sqft, and (8) 3 bedroom / 2 bath units at 1200 sqft. The property does not possess any decks, tuck-under parking, or exterior catwalks, thereby removing large capital expenditure items for long-term operations. Current GSI: $791,876 Full Market GSI: $1,257,990 In-place NOI: $482,331 Proforma NOI: $870,257 The grounds consist of mature vegetation, open walkways, a picnic and playground area, a large onsite laundry facility, and fully gated grounds and parking. Vegetation within the complex consists of mature roses, eucalyptus trees, succulents, and Hibiscus trees, providing a pleasant atmosphere for tenants to help boost the ultimate rent potential and reduce turnover. Renovations: Roughly 18-20 units are partially renovated including: new flooring, refinished cabinets & hardware, new countertops, new appliances, new bathroom shower tub enclosures and paint throughout. 3-4 units at the property are fully renovated, which includes all items of the partially renovated units plus new shaker cabinets and new bathroom vanity(s). Ownership has been able to achieve rents north of $2,000 for the 1 bedrooms and north of $2570+ for the 2 bedrooms. On a granular location basis, the asset parcel is well located between a beautiful nursery and low-density multifamily complex within 0.1 Miles of two new construction institutional grade Multifamily complexes showcasing a bullish microeconomic drive in the immediate pocket
**Introducing 11966 Runnymede St: A Prime Income Property in North Hollywood** We are delighted to present the sale of 11966 Runnymede St, a remarkable 7-unit residential income property nestled in the vibrant heart of North Hollywood. This well-maintained property comprises six spacious townhomes, each offering 2 bedrooms and 1.5 bathrooms, along with a charming 4-bedroom front house. Strategically located just east of Laurel Canyon on Runnymede Street, this property boasts a generous gross building area of 7,234 square feet, translating to an average of over 1,000 square feet per unit. Originally built in 1947, the units have been thoughtfully updated with tile flooring throughout and modern countertops, blending vintage charm with contemporary comforts. Each unit is individually metered for electricity and gas, ensuring that tenants are responsible for their own utility usage. Notably, there is no house meter, meaning all common area lighting is tenant-powered, further reducing operational costs. Trash removal is efficiently managed by the Department of Water and Power, included in each tenant's bill. The exterior of the property was freshly painted, and the roof was replaced in 2019, ensuring minimal maintenance for years to come. This property represents an ideal investment opportunity, offering steady income potential in a sought-after location. Don’t miss your chance to own this exceptional income property in North Hollywood!
BOM! Previously sold with multiple bids! Run, don't walk! Prime NoHo Arts District property! This LARD1.5 zoned building, situated south of Magnolia, offers 4 units, each featuring 1 bedroom and 1 bathroom. Each unit boasts a private yard and private laundry. The property includes two 2-car garages. Ideal for investors seeking a valuable addition in a highly desirable location. Seize this opportunity to own a versatile property in a thriving neighborhood.
N Hollywood is located in California.
