North Hollywood CA Multi Family for Sale

ADDITIONAL INFORMATION

With a gross CAP RATE of 7.6% Welcome to 11912 Elkwood St, a beautifully completely remodeled property with 2 additional private units located on a serene street in North Hollywood. This residential income property offers a main house with two additional units. The main house boasts exceptional curb appeal and features a pristine open-concept floor plan with recessed lighting and complementary new flooring. The spacious living room is filled with natural light, creating a warm and inviting atmosphere. The stunning all-white kitchen is equipped with abundant cabinets, ample counter space, brand new stainless steel appliances, and an adjoining dining area. Brand new central air and heating ensure year-round comfort. This stunning home includes 3 bedrooms, 2 bathrooms, including a primary bedroom that opens to a spacious and beautiful backyard. This area is perfect for enjoying quiet mornings with coffee or hosting weekend gatherings with family and friends. Additionally, the property features two accessory dwellings with separate addresses: 11910 and 11914 Elkwood St includes one bedroom, one bathroom each, a kitchenette with ample cabinets and counter space, new kitchen appliances, recessed lighting, and laminate flooring. An efficient air and heating unit, along with a new washer and dryer for each unit complete these lovely units. The full ADU at 11914 Elkwood Street is located at the back of the lot, providing privacy and lots of outdoor space. It boasts a completely updated floor plan with recessed lighting, wood flooring, a lovely kitchenette with abundant cabinets and comfortable space. This one-bedroom offers direct backyard access to the big lushly landscaped open space. This property sits on a generous almost 7,000 square foot lot, conveniently located near schools, restaurants, grocery stores, parks, Canyon Plaza Shopping Center, and the 5 and 170 freeways. Don’t miss the opportunity to own this remarkable property in North Hollywood. Generates $9K a month!

ADDITIONAL INFORMATION

What a fantastic opportunity to invest, build. Or live on one and rent the other. Great investment to add to your portfolio. Huge lot with two properties, back unit has been completely remodeled with new floors, new electrical wiring, cooper plumbing, new flooring, new kitchen cabinets and quartz counter tops, Remodeled bathrooms, new fixtures. Move in Condition! Front house is a fixer, Also, this property comes with plans to build 5 extra units, (front house would have to be torn down) City's last conditions are almost ready to build. So, totaling 6 units, Will not last long

ADDITIONAL INFORMATION

Attention developers! We are proud to present this six unit building on a large R3-zoned lot. This is an exciting opportunity to stabilize the asset or build a new one. The area is going gangbusters with development. The property is located in a strong rental pocket close to everything the valley has to offer today. All units are in good condition. Sold fully occupied. There is ample parking behind the building. TOC bonus! Location! Potential!

ADDITIONAL INFORMATION

What a fantastic opportunity to invest, build. Or live on one and rent the other. Great investment to add to your portfolio. Huge lot with two properties, back unit has been completely remodeled with new floors, new electrical wiring, cooper plumbing, new flooring, new kitchen cabinets and quartz counter tops, Remodeled bathrooms, new fixtures. Move in Condition! Front house is a fixer, Also, this property comes with plans to build 5 extra units, (front house would have to be torn down) City's last conditions are almost ready to build. So, totaling 6 units, Will not last long

ADDITIONAL INFORMATION

11966 Saticoy Street, a Prime North Hollywood Investment Opportunity!   This multi-unit property offers an excellent mix of Bungalow Style Units with 4 Bedroom and two bath house divided into Two Bedroom and One Bath Units (One Non-Conforming), a Three Bedroom and One Bathhouse, and 5 One Bedroom and One Bath Houses. There's ADU potential for added value with a spacious lot of approximately 37,453 sq. ft.. The property includes on-site parking with storage and on-site laundry, and each unit is individually metered for gas and electricity—maximizing cash flow and rental upside.   Located in a sought-after neighborhood, it's within walking distance to public transit and shopping, with easy access to CA-170 and I-5 freeways. Plus, you're just minutes from Burbank Airport, making this location incredibly convenient for tenants.   An ideal investment for those looking to capitalize on rental growth and development opportunities.

ADDITIONAL INFORMATION

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 efficiency 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.

ADDITIONAL INFORMATION

Exceptional Investment Opportunity – Spacious units with 14 Bedrooms and 11 Bathrooms This incredible apartment offers an unmatched investment opportunity with 11 parking spaces and a versatile layout featuring 14 bedrooms and 11 bathrooms spread across 6,882 SqFt. The property is divided into six 1-bedroom, 1-bath units, three 2-bedroom, 1-bath units, and one 2-bedroom, 2-bath unit, providing a variety of options for potential tenants. Situated in a high-visibility area and enclosed by a secure gate, the property offers both privacy and convenience. Whether you’re looking for a high-yield rental investment or a multi-family living solution, this apartment presents immense potential for growth and income in a prime location. A unique chance not to be overlooked!

ADDITIONAL INFORMATION

3 UNITS IN ONE LOT!! FULLY VACANT!! Remodeled 3 bed 2 bath plus brand new 3 bed 3 bath ADU plus a remodeled junior ADU in middle. One of Kind Opportunity, this 3 Stunning homes are situated on one lot close to everything! HOUSE #1: 3 Bedrooms, 2 Baths at 1130 sqft, Bright, light, open w/ Amazing Cook's Kitchen. This HOUSE has been meticulously renovated and looks NEW. Enjoy the elegance of luxury flooring, new windows, doors, paint, creating a space that exudes timeless charm and contemporary allure. HOUSE #2: 350 sqft Junior ADU, perfect for in-laws or family, a cozy retreat single w/ full kitchen, bathroom, laundry and separate entrance! HOUSE #3: in the BACK is - BRAND NEW Construction ADU, Bright & OPEN with 3 Bedrooms, 3 Baths, Gourmet Cook's Kitchen and awesome private backyard views! Every detail has been thoughtfully curated, from the quartz countertops to the designer-quality fixtures and bathroom tiles. As you explore the ADU, you'll be greeted by the same level of quality and craftsmanship. With its own entrance and amenities, this newly constructed dwelling offers privacy and comfort, ideal for guests, extended family, or rental income opportunities. And There's MORE: You still have a Double Detached Garage! There is also a huge garden/backyard area, providing a tranquil retreat amidst the bustling NOHO arts district. Conveniently located close to vibrant cultural experiences, eclectic dining options, and entertainment venues, this property offers the best of North Hollywood living at your doorstep. Don't miss the chance to own a piece of paradise in this coveted neighborhood.

ADDITIONAL INFORMATION

THIS IS THE ONE 5 UNITS-FULLY STABILIZED: 6926 Morella Ave - Welcome to this exceptional investment opportunity that was meticulously crafted and built in 2021. Consisting of three buildings, this modern complex offers unparalleled amenities and convenience for tenants. Every unit boasts the pinnacle of comfort with central air conditioning and heating, ensuring year-round comfort. The inclusion of inside laundry facilities, along with essential appliances such as refrigerators, stoves, and dishwashers, enhances the living experience for residents. Additionally, there is plenty of parking for all units with a combination of attached 1 car garages and surface parking lot spaces. Each unit offers a generous layout with a combination of four- & three-bedroom units, accommodating various tenant needs and preferences. Whether it's families seeking spacious living or professionals desiring roomy accommodations, these units cater to a diverse range of renters. With its modern amenities, thoughtful design, and full occupancy, this investment property presents a compelling opportunity for investors looking to capitalize on a thriving rental market. Don't miss out on the chance to secure a lucrative investment in the ultra-hot NOHO neighborhood. Make this property your 1031 exchange transaction.

ADDITIONAL INFORMATION

Runnymede Holiday Apartments presents opportunity to acquire a desirable garden style 40-unit complex consisting of open, low-density grounds and attractive low-maintenance construction consisting of an ideal (12) 1 bedroom / 1 bath units at 650 sqft, (20) 2 Bedroom / 1 bath units at 950 sqft, and (8) 3 bedroom / 2 bath units at 1200 sqft. The property does not possess any decks, tuck-under parking, or exterior catwalks, thereby removing large capital expenditure items for long-term operations. Current GSI: $791,876 Full Market GSI: $1,257,990 In-place NOI: $482,331 Proforma NOI: $870,257 The grounds consist of mature vegetation, open walkways, a picnic and playground area, a large onsite laundry facility, and fully gated grounds and parking. Vegetation within the complex consists of mature roses, eucalyptus trees, succulents, and Hibiscus trees, providing a pleasant atmosphere for tenants to help boost the ultimate rent potential and reduce turnover. Renovations: Roughly 18-20 units are partially renovated including: new flooring, refinished cabinets & hardware, new countertops, new appliances, new bathroom shower tub enclosures and paint throughout. 3-4 units at the property are fully renovated, which includes all items of the partially renovated units plus new shaker cabinets and new bathroom vanity(s). Ownership has been able to achieve rents north of $2,000 for the 1 bedrooms and north of $2570+ for the 2 bedrooms. On a granular location basis, the asset parcel is well located between a beautiful nursery and low-density multifamily complex within 0.1 Miles of two new construction institutional grade Multifamily complexes showcasing a bullish microeconomic drive in the immediate pocket

ADDITIONAL INFORMATION

**Introducing 11966 Runnymede St: A Prime Income Property in North Hollywood** We are delighted to present the sale of 11966 Runnymede St, a remarkable 7-unit residential income property nestled in the vibrant heart of North Hollywood. This well-maintained property comprises six spacious townhomes, each offering 2 bedrooms and 1.5 bathrooms, along with a charming 4-bedroom front house. Strategically located just east of Laurel Canyon on Runnymede Street, this property boasts a generous gross building area of 7,234 square feet, translating to an average of over 1,000 square feet per unit. Originally built in 1947, the units have been thoughtfully updated with tile flooring throughout and modern countertops, blending vintage charm with contemporary comforts. Each unit is individually metered for electricity and gas, ensuring that tenants are responsible for their own utility usage. Notably, there is no house meter, meaning all common area lighting is tenant-powered, further reducing operational costs. Trash removal is efficiently managed by the Department of Water and Power, included in each tenant's bill. The exterior of the property was freshly painted, and the roof was replaced in 2019, ensuring minimal maintenance for years to come. This property represents an ideal investment opportunity, offering steady income potential in a sought-after location. Don’t miss your chance to own this exceptional income property in North Hollywood!

ADDITIONAL INFORMATION

We are excited to offer an exceptional opportunity to purchase a versatile mixed-use commercial property strategically positioned on the highly sought-after Lankershim Blvd. This property consists of One 3 Bedroom Residential Units and TWO store-front retail space, as well as an opportunity to convert the garage into an ADU. This property is sold in conjunction with 7436 Lankershim Blvd, which presents a potential for a 40-unit Mixed-use Development Project. In total it would comprise of six units, including three commercial and three residential units, encompassing a total of 4,217 square feet on a spacious 11,284 square feet lot.

ADDITIONAL INFORMATION

We are excited to offer an exceptional opportunity to purchase a versatile mixed-use commercial property strategically positioned on the highly sought-after Lankershim Blvd. This property consists of two 3 Bedroom Residential Units and one store-front retail space, currently offering a 6.4% CAP Rate. This property is sold in conjunction with 7444 Lankershim Blvd, which presents a potential for a 40-unit Mixed-use Development Project. In total it would comprise of six units, including three commercial and three residential units, encompassing a total of 4,217 square feet on a spacious 11,284 square feet lot.

ADDITIONAL INFORMATION

We are proud to present a once in a generation opportunity to acquire two trophy investments in the San Fernando Valley. 6955-61 Fulton Avenue and 6914 Woodley Avenue are large beautifully maintained investment properties with capturable rental upside.6955-61 Fulton Avenue is a 12-unit apartment building in the city of North Hollywood, with a unit mix of four (4) one-bedroom one-bathroom units and eight (8) two-bedroom one-bathroom units.6914 Woodley Ave is an 8-unit apartment building in the city of Van Nuys, with a unit mix of four (4) one-bedroom one-bathroom units and four (4) two-bedroom two-bathroom units. The Valley portfolio gives an investor the ability to capture all that the San Fernando Valley has to offer, and provides tenants of these properties walkable access to shops, nightlife, employment opportunities and more. Please note these buildings can be sold together or separately.

ADDITIONAL INFORMATION

Just Reduced $50,000. Seller is motivated!! This 16 unit apartment building in North Hollywood consists of 1, 2 and 3 bedroom units. The units are separately metered for gas and electricity. There is plenty of tuckunder and open parking for each unit. Great unit mix with a value add component.

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

If it says "ACTIVE" it is "ACTIVE." Attention investors, builders, and developers! Four-plex rare opportunity on a corner lot 9,000 Sqft. Zoning LARD3-1, with an incredible opportunity to build up to 18 units, or you can choose to build 2 ADUs, one in each two-car garage. Currently, there are a total of 4 units, each offering 1 bed and 1 bath. Each unit has a reserved parking space, and electric and gas meter. Buy it and start building a new 14,400 Sqft 3-story complex with 18 units and 36 bedrooms! Just minutes from the Bob Burbank Airport, Hollywood, and Universal Studios, the newly built NOHO West Shopping Plaza; is one of the area's latest developments where you can find the Regal movie theatre, Trader Joe’s, Starbucks, restaurants, boutiques, etc. Per Zimas.lacity.org, the property is an "Eligible Site ED 1" and may be applied to a shelter or 100% Affordable Housing Project on the site. Eligible projects receive expedited processing, clearances, and approvals through the ED 1 Ministerial Approval Process.