$625,000
$600,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Jacob Hall • Marcus & Millichap
Real Estate Agent & Loan Officer | License ID: 02076931
+1(949) 226-1789 | realestateaminzarif@gmail.com