Apartments For Sale • 17,466 SF
| 20-unit North Hollywood complex NOT SUBJECT to LA RSO - allowing for annual rental increases of 5% + CPI (currently 8.9%). |
| Offered at $225,000 per unit and $258 per foot. |
| Situated on a spacious 14,555 SF lot with ample unused space that offers an opportunity to add ADUs (buyer to verify). |
| Comprised of (16) 2-bdrm. and 2-bath units, (3) 1-bdrm. units, and (1) studio unit. |
| Approx. 60% rental upside - at projected market rents, the property will stabilize at a 9.45% CAP and 7.78 GRM. |
| Property amenities include ample subterranean parking (approx. 37 spaces), a new roof, and a new water heater. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 6 min | - | 2.6 mi |
| Sun Valley (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink)) | 7 min | - | 3.5 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 6 min | - | 2.6 mi |
| Los Angeles International | 36 min | - | 25.0 mi |
| Long Beach (Daugherty Field) | 50 min | - | 36.9 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 37 |
| Type: | Covered |
| Included in Rent: | Yes |
