ELIGIBLE FOR 100% BONUS DEPRECIATION WITH ESTIMATED YEAR 1 FEDERAL TAX DEDUCTIONS OF APPROXIMATELY $193,000, VERIFIED BY A LEGITIMATE COST SEGREGATION EXPERT! NO RENT CONTROL VIA SB-8 EXEMPT STATUS AND FULLY STABILIZED/RENTED OUT AT $24,320/MONTH! Welcome to "The Case V", a brand-new and FULLY STABILIZED 2025 townhome-style apartment building situated in the heart of the North Hollywood Arts District, adjacent to Toluca Lake. Built with a Senate Bill 8 exemption, this property is not subject to radical Los Angeles rent control, making it an exceptional investment opportunity. The property consists of four units plus an ADU, totaling 9,127 square feet on a spacious 7,000-square-foot lot. The well-designed unit mix includes two 5-bedroom, 4-bathroom units, one 3-bedroom, 3.5-bathroom ADU, and one 5-bedroom, 5-bathroom unit. Each unit features in-unit washer and dryer, hardwood floors, stainless steel appliances, and recessed lighting, offering residents a luxurious and modern living experience. Listed at just $3,995,000, this turnkey investment delivers an ACTUAL 5.11% CAP rate (factoring in conservative 30% operating expenses typically calculated by conventional banks) in a prime location with many other new construction properties on the same street. Built with class and elegance by Thornton Development Group, this property showcases high-end finishes and meticulous craftsmanship. Nestled in a quiet residential neighborhood surrounded by newly constructed homes, 5651 Case Ave offers the perfect balance of tranquility and accessibility. Residents will enjoy close proximity to the vibrant energy of the North Hollywood Arts District and the prestige of Toluca Lake. Don't miss out on this exceptional investment opportunity to secure your place in one of Los Angeles' most sought-after rental markets today! Request OM and cost segregation estimate for bonus depreciation from the listing agent.
Exceptional investment opportunity in the highly desirable Toluca Lake neighborhood of North Hollywood. Brand-new 2025 multifamily property featuring 14-unit offers approximately 13,719 square feet of living space and features an excellent unit mix of nine 1-bedroom/1-bath units and five 2-bedroom/1-bath units. Designed with functionality and tenant appeal in mind, the property boasts spacious and thoughtfully designed floorplans, private balconies, and in-unit washer and dryer for added convenience. Eleven units include attached garage parking, a rare and highly attractive amenity in this prime rental market. Located in the sought-after Toluca Lake area, the property benefits from strong rental demand, close proximity to major studios, dining, shopping, and convenient freeway access. This is a turnkey opportunity ideal for investors seeking stable income in one of North Hollywood's most desirable and centrally located neighborhoods.
Incredible new 4-Unit premium income property in the high-demand North Hollywood rental market just minutes away from NoHo Arts District, shops, parks and transit. Unit mix consists of a duplex with (1) 3-bed/2-bath and (1) 1-bed/1-bath, and (2) 2-bed/1-bath ADUs in the building behind it. All units have separate electrical meters, entrances, addresses, dishwashers and in-unit laundry connections. Premium finishes, fully enclosed private yards, timeless contemporary design along with ample street parking enables buyer to command premium rents and longer term tenants. All new electrical, plumbing, HVAC and appliances minimize operating costs and offer peace of mind for years to come. Shared courtyard between buildings is spacious yet intimate and can be easily configured for more communal living or more separation and privacy. Owner occupants and house hackers will love the spacious 3-bed/2-bath unit with vaulted ceilings and primary ensuite. With proforma rents nearing $12k monthly/$143k annually, this 6% CAP property is turnkey ready to be an excellent addition to any investment portfolio. **All units are currently vacant but lease-up is in progress.**
Outstanding multifamily investment and owner-user opportunity with multiple points of access located in the highly desirable Studio City area of North Hollywood. Set on a generous 10,446± SF fully gated lot, this well-positioned 4 Unit property offers an excellent unit mix consisting of (3) 1 Bed / 1 Bath units and (1) beautifully remodeled 3 Bed / 2.5 Bath single-family residence, providing both strong income potential and lifestyle flexibility. The 3-bedroom home has been extensively upgraded, featuring new bathrooms, a modernized kitchen, updated flooring, contemporary lighting, and central air conditioning, making it ideal for an owner-user or commanding premium rental rates. The remaining one-bedroom units offer stable cash flow with upside potential through future rent increases or light cosmetic improvements. Additional highlights include a 2-car garage, ample on-site parking, and newly installed perimeter gating for enhanced privacy and security. Located in a high-demand rental corridor near Studio City’s renowned restaurants, retail, entertainment, and convenient access to major freeways and employment hubs. This is a rare opportunity to acquire a versatile, income-producing property in a supply-constrained submarket—perfect for investors seeking long-term appreciation or owner-users looking to live in a renovated home while offsetting expenses with rental income.
5887 Whitnall Hwy is located in the heart of North Hollywood, a highly sought-after Los Angeles submarket known for its strong rental demand, transit accessibility, and ongoing redevelopment. The property is situated just minutes from the NoHo Arts District, a vibrant hub featuring theaters, restaurants, cafes, nightlife, and creative office space. Priced at only $165,000 per unit this offering is prime for the astute multifamily investor to add value and hold, long term.
Located in the heart of Valley Glen, this well-maintained multifamily apartment building at 6308 Coldwater Canyon Ave presents a strong investment opportunity in a consistently high-demand rental market. The property features a desirable unit mix of four (4) 1-bed/1-bath units and two (2) 2-bed/1-bath units, appealing to a wide range of tenants seeking convenient Valley living. The property offers essential amenities that support long-term tenant retention, including on-site parking, on-site laundry, and individual gas and electric metering, allowing for reduced owner expenses and operational efficiency. The functional layout and unit configuration provide solid in-place income with potential for future upside through rental growth or interior upgrades. Ideally situated just minutes from the NoHo Arts District, tenants enjoy close proximity to dining, entertainment, and nightlife, while benefiting from quick access to CA-170 and CA-101 freeways for easy commuting throughout Los Angeles. The location is further enhanced by nearby demand drivers such as Los Angeles Valley College, the Van Nuys Courthouse, and an abundance of shopping, public transit, and neighborhood services. This Valley Glen asset offers investors a compelling blend of location, unit mix, and fundamentals in one of the San Fernando Valley’s most resilient rental submarkets. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Best PRICED UNITES IN NORTH HOLLYWOOD, GREAT CONDITION, Welcome to Whitsett ave! MULTIFAMILY! STARTING with the front UNIT this beautiful Spanish-style property blends timeless character with flexible living, perfect for growing families or multi-generational living. The charming front home features classic Spanish architecture, warm details, and an inviting presence that instantly feels like home. Inside, you’ll find comfortable living spaces filled with natural light, ideal for everyday family life and hosting special gatherings. Almost 1500 sqft with a lot of character. Tucked behind the main residence is a two-story building with 2 units 1 bedroom 1 bath each and 2 beds 1 bath. offering wonderful possibilities for extended family, guests, or a private space for older children or in-laws. The thoughtful layout allows each unit to enjoy its own sense of privacy while still feeling connected—perfect for families who want togetherness with room to grow. The outdoor areas provide space to relax, play, and create lasting memories, whether it’s weekend barbecues, quiet evenings, or time spent outdoors with loved ones. Located in a desirable North Hollywood neighborhood close to schools, parks, shopping, dining, and major freeways, this property offers both comfort and convenience.
The Whitnall apartments is a well maintained fourplex with all 2br/1ba units. It is located on the west side of Whitnall Highway, has excellent rental exposure within a medium density apartment and single-family home community with historically good occupancy. The lot runs from street to alley and there are four parking spaces. Whitnall Hwy has a walk score of 83 and has easy access to transit. It is close to the NoHo West Shopping Center, NoHo Arts District, Hollywood Burbank Airport, and the numerous restaurants, theaters, art galleries and other shops and services. The structure was built in 1954 and features a pitched composite roof and slab foundation with separately metered gas and electric. Master metered water, house lights and laundry. It is gated front and back, not locking, and features a large patio area along three sides of the property. Landscaping is minimal and low maintenance. Unit interior fit and finish varies with unit number three being the only one with granite counters and updated flooring. Condition and type of plumbing is unknown at the time of publication. Age of roof is also unknown. The rent survey conducted for this property indicates significant upside to the current rent levels. Comparables for rent are limited as occupancy remains high in the immediate location. The average rent for the properties in our survey is $2,264. We have estimated the market rent to be $2,100. The current average rent for the property is $1,321 with appx. upside of 59%. Gross Rent Multiplier at market rents is 8.68. The property is under Los Angeles Rent Stabilization Ordinance and State of California rent increase restrictions. The former laundry room is currently being used as storage and the gas meter has been removed. We would recommend the investor work with a laundry lease company to install new machines and convert the storage room back into a laundry room for additional income. Expenses: Property tax is estimated per Titlepro at the sales price of $875,000, 1.24%. Maintenance and repairs are estimated at 7.7% of the scheduled gross income. The seller’s current insurance is lower than our estimate of $3,250. Water, sewer and power is listed under water and sewer as we do not have a breakdown of costs. Pest control is estimated at $50 monthly and gardener is $100. License and fees include SCEP and RSO. Actual operating will be provided in the due diligence material. Seller will not consider any carry back.
With a pro forma gross cap rate of 7.6%, welcome to 11912 Elkwood Street, a fully remodeled residential income opportunity ready for an investor or owner-user to maximize rental potential. Located on a quiet street in North Hollywood, this property features a beautifully updated main residence plus two additional private units, each with separate addresses. The main house offers excellent curb appeal and a bright, open-concept floor plan with recessed lighting and new flooring throughout. The spacious living room is filled with natural light and flows into a stunning all-white kitchen with abundant cabinetry, ample counter space, brand-new stainless steel appliances, and an adjoining dining area. The home includes three bedrooms and two bathrooms, including a primary bedroom with direct access to the expansive backyard—ideal for entertaining or quiet relaxation. Brand-new central air and heating provide year-round comfort. The two additional units are thoughtfully designed and offer flexibility for rental income, extended family, or owner-user use. Each unit features one bedroom and one bathroom, recessed lighting, efficient heating and cooling, and a kitchenette with ample cabinetry, counter space, and new appliances. Both units include in-unit washer and dryer. The rear unit (11914 Elkwood Street) is a full ADU located at the back of the lot, providing enhanced privacy, direct access to a large, beautifully landscaped outdoor space, and a comfortable, modern living environment. Set on an approximately 7,000-square-foot lot, the property is conveniently located near schools, parks, restaurants, grocery stores, Canyon Plaza Shopping Center, and provides easy access to the 5 and 170 freeways. This property presents a rare opportunity to establish market rents and achieve an estimated almost $9,000 per month in gross rental income, making it a compelling opportunity for investors or owner-users seeking flexibility, quality, and long-term value in North Hollywood.
We are proud to represent this rare R3 31,730 square foot lot in Noho. The property is being sold only for land value but an investor can have additional rental income while the property is being entitled. Of the 8 existing units, the single and three bedroom home are vacant. The property was constructed in 1955. Its unit mix consists of (2) studio units, (2) 1+1 units, (3) 2+1 units, and (1) 3+2 unit. With a lot size of 31,730 square feet, the property has a total of 5,224 rentable square feet. North Hollywood offers many things to see and do, especially in its NoHo Arts District, which has been greatly expanding into a hip, pedestrian-friendly urban village. North Hollywood has historic shopping and interesting local restaurants and bars that make it a diverse, thriving neighborhood. It is home to many theatres, art galleries, cafes, music recording venues, and shops. Its residents have easy access of public transportation with the Metro rail stations and the North Hollywood Red Line and Orange line bus ways. They also have easy access to the 101, 170, and 134 freeways. North Hollywood is currently working on a $1 billion mixed-use development at Lankershim and Chandler; the project will re-develop 15.6 acres of commercial and residential space, including 562 residential units and three high-rise office towers. This, combined with an already thriving Arts District, makes North Hollywood a smart place to invest.
Presenting a great Toluca Woods triplex ideally located near development and transit in North Hollywood. This well-maintained property is ideal for investors and has strong rents. The property offers a spacious backyard, rare street-to-street access, and a three-car garage (one two-car and one single-car). The updated second floor unit takes up the top floor of the building and features two bedrooms plus a den-- could be a 3rd bedroom or an office. Updates include kitchen cabinets with quartz countertops, dishwasher, stove, updated windows, hardwood floors, and washer/dryer hookups. The two lower one-bedroom, one-bath units have been updated with newer kitchens and baths, hardwood floors, and have outdoor patios. The zoning is LAR3—with a street to street lot the buyer should verify the development potential with the City. The building is fully occupied with good tenants.
Welcome to this extraordinary Compound in trendy West Toluca Lake. This four home community boasts a 16,000 sqft lot with four exquisitely built custom homes with private yards and personalities. Each home including the original Spanish Colonial have been extensively rebuilt/remodeled or ground up new construction. The Spanish has 3 beds, 2 baths, 1610 sqft with original barrel ceilings, hardwood floors, new fireplace, Thermador kitchen appliances, Caesar stone counters and marble backsplash. Private laundry in all houses with private, designated parking and fenced yards with eco friendly landscape including turf and drip systems. Rear house has two stories, two car garage, 1325 sqft with 3 beds, 2.5 baths, private yard, solar, Thermador appliances, stacked washer/dryer, Caesarstone counters, dual sinks in primary. Rear corner home is a one level, 3 beds, 2 baths, 1400 sqft with Thermador appliances, custom oak cabinets, new primary with large bath and closet, great rear yard with privacy hedge and turf, beautiful views of the fountain in the courtyard. Lastly is the largest home: 1750 sqft, two story with private entry and gate. Three beds, 2.5 baths, laundry room, private garage and Thermador kitchen with Caesarstone counters, rift oak custom cabs and breakfast bar overlooking the great room. Primary has two closets and beautiful custom tile work. All homes are connected to the private, gated driveway through doorbird technology.
Prime income-producing five-unit residential property in the heart of North Hollywood, just moments from the vibrant NoHo Arts District. The front of the property features a charming single-story home with 3 bedrooms and 2 bathrooms, offering excellent curb appeal and strong rental potential. Behind the main house sits a two-story building with four additional units, providing a well-balanced mix of layouts ideal for long-term tenants. Parking is conveniently located at the rear, accessible through alley, ensuring ease of use for all residents. All units are fully tenant-occupied, making this a turnkey investment opportunity. Situated in a highly desirable rental market known for consistent demand, this property offers steady income and strong future upside in one of the Valley’s most sought-after neighborhoods.
We are pleased to present 11314 Martha St, a brand-new construction, NON-RENT-CONTROLLED, five-unit luxury townhome complex LOCATED in the highly desirable NoHo Arts District. Fully leased and OPERATING AT A TURNKEY 6% CAP rate, this stabilized asset delivers a reliable, government-backed annual income of $307,428. The property is 100% OCCUPIED by familiesa demographic historically known for lower turnoverwith over 88% of current rents securely backed by Section 8.Situated on a large 7,252 SF lot, the property consists of three separate, contemporary buildings offering 8,117 SF of premium living space. This offering CONTAINS an incredible unit mix of two 5-bedroom/5-bathroom townhomes, two 4-bedroom/4-bathroom townhomes, and one 3-bedroom/3-bathroom ADU, totaling 21 bedrooms. Each three-story residence features highly functional layouts, contemporary architecture, and high-end designer finishes. Units are equipped with private in-unit washers and dryers, modern kitchens with custom cabinetry and STAINLESS STEEL appliances, stylish bathroom tile, and private balconies.Designed for LOW MAINTENANCE and high efficiency, the property features owned solar panels. All utilities are SEPARATELY METERED and tenant-paid, keeping owner expenses exceptionally low and maximizing your Net Operating Income (NOI). The NoHo Arts District's central location and proximity to major entertainment and job hubs ensure an unrelenting rental demand and investor stability for years to come.MAJOR VALUE-ADD OPPORTUNITY: This property offers incredible upside potential. Because of the expansive lot size and existing layout, the property provides ample room to convert one garage into two studio units and build two ADDITIONAL detached 1-bedroom ADUs. Adding these four extra units and leasing them through Section 8 is a straightforward way to drastically increase monthly rental income and the overall value of the building.This is a rare opportunity to ACQUIRE a pristine, cash-flowing asset with immediate government-backed stability and massive future growth potential.BUYER TO VERIFY ALL INFORMATION.
12801 Barbara Ann St, Valley Glen, CA 91605New Affordable Housing Development Opportunity - To be sold with RTI PlansShovel-ready project in Valley Glen featuring 45 units:43 one-bedrooms1 studio1 three-bedroom replacement unitRTI plans and covenant available upon request. Site also offers potential for two future ADUs.A rare chance to acquire a fully entitled, ready-to-build affordable housing development in a strong rental market.
NOHO NEWER CONSTRUCTION! Introducing a stunning brand newer construction in the desirable neighborhood of Toluca Lake, just a short distance from the vibrant NoHo Arts District. This contemporary 5-unit apartments offers an incredible opportunity for those seeking a modern living experience with convenient access to amenities. Boasting a walk score of 85, this prime location ensures easy access to nearby shops, restaurants, entertainment venues, and public transportation, making it a walker's paradise. Each unit features inviting and spacious floor plan, complemented by high-end finishes and contemporary features. The kitchens are equipped with stainless steel appliances, sleek cabinetry, and elegant countertops. Additional amenities include 10 parking spaces, in-unit washer & dryer hookups, balcony, designer bathroom tiles, and the peace of mind that comes with a brand new construction. The first unit is a standalone unit, with 2 duplexes in the back. Don't miss this incredible opportunity to own a brand new construction in Toluca Lake, just a short distance from the NoHo Arts District. Embrace a modern lifestyle surrounded by artistic inspiration and urban conveniences. Located in Opportunity Zone.
Newer Construction 12-Unit Apartment Building Prime North Hollywood Location An excellent opportunity to acquire a modern multifamily asset located at 6320 Beck Avenue, North Hollywood, CA 91606. This 12-unit, three-story apartment building, constructed in 2018, features a highly desirable and consistent unit mix—all units are spacious 2-bedroom, 2-bathroom layouts—offering broad tenant appeal and strong rental demand in this thriving submarket. Each unit is thoughtfully designed with in-unit stackable washer and dryer, recessed lighting, modern appliances, wood-tone flooring, and a clean white interior palette, creating a bright and inviting living space. The simple, modern finishes are intentionally selected for easy leasing, low maintenance, and strong comparable market rents. Select units feature private balconies, further enhancing tenant desirability and rental potential. With newer construction systems and modern amenities, the property benefits from reduced capital expenditures and operational efficiency. Ideally located in the heart of North Hollywood, the property offers convenient access to major freeways, employment hubs, shopping, dining, and entertainment, supporting consistent rental demand. This turnkey multifamily investment presents a compelling opportunity for investors seeking newer construction, strong unit layouts, and long-term value in a high-demand Los Angeles submarket.
BOTH UNITS DELIVERED VACANT! Welcome to a rare and exciting opportunity in the heart of North Hollywood. This beautifully designed duplex offers flexibility, space, and modern comfort in one of the Valley's most desirable locations.The front home features over 2,100 square feet of thoughtfully designed living space with 3 spacious bedrooms and 2 full bathrooms. Built in 2020, the home feels open and inviting with high ceilings and a modern layout that's perfect for both everyday living and entertaining. The kitchen and living areas flow seamlessly, creating a warm, welcoming atmosphere. Owned and paid-off solar panels add long-term value and energy efficiency, while the tankless water heater with a return pump ensures fast, consistent hot water throughout the home. Additional upgrades include a whole-home water softener, a security camera system for peace of mind, 2 brand new HVAC units and a recently upgraded garage with sleek epoxy flooring.Tucked away at the rear of the property is a charming back house offering approximately 750 square feet of living space with 1 bedroom, 1 bathroom & walk in closet. Ideal for extended family, guests, or rental income, it provides privacy while still feeling connected to the main residence.Location truly sets this property apart. Situated just minutes from Hollywood, Universal Studios, and Downtown Burbank, you're close to major studios, dining, shopping, and entertainment, all while enjoying the neighborhood feel of North Hollywood.This is a property that needs to be experienced in person to fully appreciate the space, upgrades, and unbeatable location. Whether you're looking for a multi-generational home or a smart investment, this duplex offers a unique opportunity you won't want to miss.
Prime Investment Opportunity in the Heart of NOHO Brand New 2024/2025 Construction! Introducing a rare, newly constructed multi-family property in the vibrant North Hollywood Arts District, offering a total of 12 units across two buildings (10821-10829 Hartsook St.). This modern investment features 8 spacious townhouse units (4 beds, 4.5 baths each) fully rented at market rates and 4 additional ADUs (3 beds, 3 baths each), maximizing rental income potential. Designed with high-end finishes and durability in mind, every unit includes: Luxury Vinyl Tile (LVT) flooring throughout Gourmet kitchens with quartz countertops & designer tile backsplashes Sleek, modern bathrooms with premium tiling & custom mirrors High-efficiency appliances and keypad entry for convenience & security Individually metered utilities with owned solar panels for lower expenses Low-maintenance desert landscaping. This turnkey investment offers strong financials, boasting a 6.22%* cap rate (See OM for Full Details). Located in a high-demand rental market, tenants enjoy easy access to: Restaurants, coffee shops, and bars Dog parks & green spaces Metro stations & public transit Burbank Airport NOHO West shopping & entertainment. Full financial portfolio available upon request. Don't miss this exceptional opportunity to own a prime, high-yield asset in a thriving neighborhood! -- SELLER WILLING TO BUY DOWN RATE FOR BUYER! SELLER WILLING TO PAY EXTRA CONCESSIONS!
Excellent Investment Opportunity: 6-Unit Apartment Complex in North Hollywood Welcome to 6661 Wilkinson Avenue, North Hollywood, a well-maintained two-story, 6-unit apartment complex offering a total of 4,760 sq ft of living space on a 6,665 sq ft lot. The property features five 1-bedroom, 1-bath units and one spacious 3-bedroom, 2-bath unit, providing an ideal mix of layouts to attract a variety of tenants. Residents enjoy the convenience of a shared laundry facility and seven detached parking spaces, ensuring comfort and practicality for all occupants. Located in a desirable and centrally positioned North Hollywood neighborhood, this property offers strong rental demand, stable income potential, and long-term value growth. Whether you're a seasoned investor or expanding your portfolio, 6661 Wilkinson Avenue presents a rare opportunity to own a well-cared-for income property in a thriving rental market.
Welcome to 11936 Hart St, a well-maintained 12-unit apartment community situated in the heart of North Hollywood, one of the San Fernando Valley’s most dynamic and high-demand rental markets. This exceptional property offers an ideal investment opportunity with a desirable unit mix consisting of 4 Bachelors, 4 One-Bedroom/One-Bath units, and 4 Two-Bedroom/One-and-a-Half-Bath units, appealing to a wide range of renters. The property sits on a corner lot and features a secure, gated entry, providing residents with both comfort and peace of mind. Amenities include on-site gated parking and a convenient on-site laundry facility, enhancing tenant satisfaction and long-term stability. Each unit is individually metered for gas and electricity, ensuring efficient management and reduced ownership expenses. Located in a prime North Hollywood location, the property benefits from excellent accessibility. Just a short distance to the CA-170 and I-5 freeways, residents enjoy easy commutes throughout Los Angeles. The property is also near major conveniences including the Costco Business Center, Home Depot, and numerous shopping and dining options. For those who travel frequently, the Hollywood Burbank Airport is only minutes away, while public transit options are readily accessible for local commuters. With its strong rental demand, gated security features, on-site amenities, and unbeatable location, 11936 Hart St stands out as a rare opportunity for investors seeking a stable, income-producing asset in a thriving neighborhood. This is an excellent chance to acquire a high-performing multifamily property in one of Los Angeles’ most desirable rental submarkets. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Amazing Fourplex! (Note: Primary Pic is an A.I. Simulation of exterior remodel, current condition pic in the photos). Incredible 8.65 CAP Rate possible! Close to everything and just north of trendy Studio City with ideal dinning and shopping amenities without the Studio City Price. Great investment opportunity, Huge upside for improved rents. All units currently month-to-month. Everything major has been recently renewed in all units, including new roof, copper plumbing, electrical, (all units feature recessed LED lights), newer meters, newer flooring in ALL rooms, bathrooms totally redone with newer tube and tile enclosures, Newer AC units, Dual pane on half the units. Some units do need new cabinets. Parking in back of unit with garages. There are no monthly expenses paid by owner, per owner other than property taxes, Tenants cover everything including water. Ready for the Olympics?
REDUCED FOR QUICK SALE !!! MOTIVATED SELLER !!! Great opportunity for Investor, Owner-User or Family. Over $100,000 in Annual Rental Income !!! Located in the desired area of North Hollywood, close proximity to shops, restaurants and entertainment. Front house has been recently renovated and is 3BR/1.5BA, 1,144SF home, featuring quartz countertops, newer plumbing, electrical, windows. Outside patio for entertainment. Back house was built in 2018 and is 3BR/2BA, 1,236SF home and is attached to an additional 1BR/1BA unit (converted garage). Kitchens feature quartz countertops, lots of cabinets and a laundry area in each home. Hurry! Won't last!
*Financial Metrics* - 5.06% in-place Cap Rate with potential to reach 6.63% post-ADU conversion and 17.51% average annual return, 7.58% pre-tax cash flow . *Property Features* - 8 units with 3 current vacancies, completed seismic retrofit, and potential for 3 additional ADUs. *ADU Potential* - 2 ADUs are RTI, and there is potential to add a third ADU. *Location Benefits* - Centrally located near the NoHo Arts District, Red/Orange Metro Line, and upcoming mixed-use developments. *Capital Improvements* - New paint, electrical panels, breakers, security cameras and landscaping, over $100K in capital expenditures. *Walk Score* - Very walkable neighborhood with a 72 Walk Score--most errands can be done on foot.
Incredible investment opportunity with a spacious duplex property offering 3 total units on a huge lot of over 16000 square feet and approximately 3700 square feet of living area. The property includes community parking with 8 spaces, providing convenience for all tenants. The unit mix consists of a 3 bedroom 2 bathroom residence, a 2 bedroom 1 bathroom unit, and a 1 bedroom 1 bathroom unit, along with a permitted recreation room for added value and flexibility. This property combines strong rental potential with ample space, making it an excellent choice for investors looking for income producing real estate.
North Hollywood is located in California.
