$1,299,000
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6827 Radford Avenue North Hollywood, CA 91605
Apartment
Residence
Beds
Baths
4,081
Sq. Ft.
0.18
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
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Exceptional and rare Investment opportunity with this 7-unit building in North Hollywood, spanning 4,081 Sqft and situated on a 7,882 Sqft lot. Each unit in the building offers a 1 bedroom and 1 bathroom layout. The consistent unit configuration across the property ensures ease of management and app...eals to a broad rental market. The LARD1.5 zoning enhances the property’s value, offering potential for future development. It’s a unique blend of current stability and future growth prospects. Located in a vibrant neighborhood, this property benefits from its strong rental demand, making it an attractive investment choice. The current capitalization rate (cap rate) stands at 4.5%, indicating a healthy return on investment. Additionally, the potential for a pro forma cap rate of approximately 9.2% showcases the significant upside potential of this investment. This property is not just an asset, but a gateway to long-term financial growth and success in the real estate market. It’s ideal for investors seeking a balanced combination of immediate income and potential for value appreciation.
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MLS#
SR24007393
Property Type
Apartment
Status
Active Under Contract
Year Built
1951
Square Feet
4,081
sq. ft
Lot Size
0.18
Stories
2.0
Sewer
Public Sewer
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