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Century 21 Realty Masters
6340 Vineland Avenue, North Hollywood, CA 91606
- $1,750,000
- List Price
- $1,750,000
- Status
- ACTIVE
- MLS#
- SR26241208
- Year Built
- 1963
- Lot Size
- 5,999
- Acres
- 0.14
- Lot Location
- Rectangular Lot
- Days on Market
- 1
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
Presenting a 10-unit multifamily investment opportunity in North Hollywood, near the NoHo Arts District, Burbank Media District, and Studio City. Built in 1963, the property consists of approximately 4,928 square feet of building area on an approximately 5,999-square-foot lot zoned LARD1.5. The unit mix includes seven studio/one-bath apartments, two one-bedroom/one-bath apartments, and one two-bedroom/one-bath apartment. This range of unit layouts provides a varied rental selection within an established North Hollywood neighborhood. Property features include renovated units, newer vinyl windows, CCTV cameras, five private enclosed garages providing parking for eight vehicles, and two additional surface parking spaces. Gas and electricity are individually metered and paid by tenants. In addition to residential rental income, the property generates additional income from laundry, parking, and RUBS. The location places residents near restaurants, shops, theaters, and entertainment destinations in the NoHo Arts District and NoHo West. Regional employment destinations include Warner Bros. Studios, Universal Studios, and the Burbank Media District. Transportation options include the North Hollywood Metro Station serving the B and G Lines, Hollywood Burbank Airport, and the 170, 101, and 134 freeways. The property has an established rental income base with potential for rental adjustments over time, subject to applicable regulations.
Additional Information
- Pool Description
- None
- Garage Spaces Total
- 8
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 10
- Gross Scheduled Income
- $204,835
- Operating Expense
- 73930
Listing courtesy of Listing Agent: Raymond Rodriguez (info@lucrumre.com) from Listing Office: Equity Union.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.