$1,599,000
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6827 Radford Avenue North Hollywood, CA 91605
Mixed Use
Residence
Beds
Baths
4,031
Sq. Ft.
0.18
Acre
Lot
Property Activity
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days
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Presenting a rare opportunity to acquire a well-maintained 7-unit, 2 story residential building in the heart of North Hollywood. This 4,081 sq. ft. property is situated on a 7,882 sq. ft. lot, with each unit featuring a 1-bedroom, 1-bathroom layout. The uniform floor plans offer operational efficien...cy and broad appeal to a diverse tenant base, ensuring ease of management.
Zoned LARD1.5, this property provides exciting development potential, making it an ideal blend of immediate cash flow and long-term growth prospects. Units are leased with dependable tenants, providing steady cash flow and peace of mind. Plans have been submitted to add two Additional Dwelling Units (ADUs) at the rear, presenting a compelling value-add opportunity.
Whether you choose to build the ADUs and sell for a profit or retain the property for long-term income, the potential is substantial. With all units occupied and a path to achieving over a 10% cap rate, this investment offers immediate returns and significant upside.
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MLS#
SR24217608
Property Type
Mixed Use
Status
Year Built
1951
Square Feet
4,031
sq. ft
Lot Size
0.18
Sewer
Public Sewer
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