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Marva Shi Pace

hello@marvapace.com +1(818) 308-4857

$ 1,950,000

Est. payment | -/mo

14 Beds

9 Baths

6,430 SqFt

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$ 1,950,000

Est. payment | -/mo

Save

14 Beds

9 Baths

6,430 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,430 sqft

Price per Sqft $303

MLS Listing ID 26991427

Bedrooms 14

HOA Y/N No

Year Built 1961

Lot Size 7,975 Sqft

Property Description

Excellent investment opportunity in North Hollywood featuring a well-maintained 7-unit multifamily property with a desirable unit mix of five 2-bedroom/1-bath units and two spacious 3-bedroom/2-bath units. One of the 2-bedroom units has been completely remodeled and is currently achieving a market rent of $2,500 per month, providing a strong indication of the property's rental potential. The property benefits from very low maintenance and operating costs, making it an attractive opportunity for investors seeking stable income with additional upside potential. Ownership has also completed several significant improvements, including a brand-new second-story walkway, repaired and improved second-floor railings, refreshed exterior paint, replacement of the sewer line beneath the property, and an upgraded water heater with a recirculation pump designed to improve efficiency and hot-water delivery throughout the building. The property has also undergone required retrofit compliance work. Units 2, 3, 6, and 7 have been upgraded with hardwood flooring. Adding to the property's operating efficiency, tenants are individually responsible for their trash service, which is incorporated into their respective utility billing rather than being carried as a building expense.With its strong unit mix, low maintenance costs, recent capital improvements, and demonstrated ability to achieve attractive market rents, this property presents a compelling opportunity for both long-term investors and 1031 exchange buyers.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LARD1.5

Interior

Heating Forced Air

Flooring Wood

Fireplaces Type None

Fireplace No

Appliance Gas Range, Washer

Laundry Common Area

Exterior

Parking Features Driveway

Garage Spaces 4.0

Garage Description 4.0

Pool None

View Y/N No

View None

Porch None

Total Parking Spaces 9

Private Pool No

Building

Faces East

Story 2

Entry Level Two

Foundation Slab

Sewer Other

Architectural Style Traditional

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2320026013

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Artin Hovsepian The Agency #01878602

NEARBY SCHOOL & BUSINESS

+1(818) 308-4857

hello@marvapace.com

Burbank, CA, United States

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6613 Irvine AVE North Hollywood, CA 91606