$1,220,000
North Hollywood, CA 91605
MLS# 220011412
Status: Closed
10 beds | 5 baths | 4258 sqft
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Property Description
North Hollywood -- referred to by Curbed LA as one of the best places to live in L.A., has become quite the outstanding hub for public transport, arts, shopping & entertainment. This 5-unit property is 100% occupied and may be the perfect place for your long term hold investment. The front 1,132 sq ft, 2+1 nicely upgraded house has the vintage features of circa 1928 classic design, and is attached to a 2-story multifamily built in 1989, consisting of four well designed, 2+1 apts. All 5 units have their own gas & electric meters, and come with 2 parking spaces per unit. Central A/C in front house, and in-wall A/C in the other 4 units. Partial, moderate updates in 2 of 4 units; more thoroughly updated in front house. Opportunity for an investment in a high-demand area. Please do not disturb the occupants -- easy showing quickly arranged upon accepted offer.
Details
Maps
Status Change Info
Sold Price/SqFt: 286.52
Pending Date: 2021-04-19
Closed Date: 2021-07-21
Closed Price: 1220000
Listing, Location and Property Info
Entry Date: 2020-12-18
List Price/SqFt: 352.04
Zip + 4: 6901
Neighborhood: N/A
General Property Information
Common Walls: Yes
# Bedrooms: 10
Baths - Full: 5
Baths - Total: 5
Approx SqFt: 4258
Lot Acres: 0.19
Lot SqFt: 8084
Year Built: 1928
Listing Info
Total # of Units in Complex: 5
Property Info
View: No
Pool: No
Spa: No
Fireplace: No
Dwelling Total Floors: 2
# of Buildings: 2
Land Lease Type
Fee Simple: 1
Special Conditions
Standard: 1
Terms
Cash: 1
Conventional: 1
Financing
Conventional: 1
Disclosures
City Inspection Required: 1
Rent Control: 1
Units Information
Number of Units Leased: 5
# Separate Electric Meters: 5
# Separate Gas Meters: 5
# Separate Water Meters: 1
Levels
Two: 1
Sold Terms
Standard Sale: 1
Flooring
Ceramic Tile: 1
Travertine: 1
Wood/Wood Like: 1
Property/Land Information
# of Units Leased: 5
Annual Gross Rent $: 92040
Gross Rent Multiplier $: 16.29
Water Heater Feature
None: 1
Parking Spaces/Information
Total Garage Spaces: 0
Total Parking Spaces: 10
HOA 1 Information
HOA: No
Landlord Pays For
Water: 1
Other: 1
Tenant Pays
Electricity: 1
Gas: 1
Other: 1
Unit 1 Furnished
Unfurnished: 1
Unit 1 Information
Unit-1 # of Beds: 2
Unit-1 # of Baths: 1
Unit-1 Monthly Rent: 2000
Unit 2 Furnished
Unfurnished: 1
Unit 2 Information
Unit-2 # of Beds: 2
Unit-2 # of Baths: 1
Unit-2 Monthly Rent: 1250
Unit 3 Information
Unit-3 # of Beds: 2
Unit-3 # of Baths: 1
Unit-3 Monthly Rent: 1550
Unit 3 Furnished
Unfinished: 1
Unit 4 Information
Unit-4 # of Beds: 2
Unit-4 # of Baths: 1
Unit-4 Monthly Rent: 1295
Unit 4 Furnished
Unfurnished: 1
Unit 5 Information
Unit-5 # of Beds: 2
Unit-5 # of Baths: 1
Unit-5 Monthly Rent: 1575
Unit 5 Furnished
Unfinished: 1
Listing Location and Property Info
Status: Closed
Entry Date: 2020-12-18
Listing Price: 1499000
Current Price: $1,220,000
Street #: 6856
Street Name: Agnes
Suffix: Avenue
County: Los Angeles
State/Province: CA
Zip Code: 91605
APN/Tax ID: 2321024020
Area: NHO - North Hollywood
Subdivision/Tract Code: Other
Country: US
Property Features
Land Lease Type: Fee Simple
Special Conditions: Standard
Terms: Cash; Conventional
Disclosures: City Inspection Required; Rent Control
Levels: Two
Flooring: Ceramic Tile; Travertine; Wood/Wood Like
Water Heater Feature: None
Landlord Pays For: Water; Other
Tenant Pays: Electricity; Gas; Other
Unit 1 Furnished: Unfurnished
Unit 2 Furnished: Unfurnished
Unit 3 Furnished: Unfinished
Unit 4 Furnished: Unfurnished
Unit 5 Furnished: Unfinished
Financing: Conventional
Sold Terms: Standard Sale
Listing Office: Vintage Real Estate Services
Listing Agent: Bryan W Sexauer | sexauerproperties@gmail.com
Agent Email: sexauerproperties@gmail.com
Last Updated: July - 30 - 2021
Based on information from the CSMAR Multiple Listing as of [date the AOR/MLS data was obtained]. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.