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 6 units occupied and 1 vacant, a path to achieving a 5.6% gross rate, this investment offers immediate returns and significant upside. 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.
This stunning 4-plex is situated in a prime location where neighboring properties have been beautifully renovated to add second stories, significantly boosting their value. With the area undergoing exciting development projects, this property presents a unique chance to capitalize on the upward trend of the neighborhood. Each unit offers comfortable living spaces and ample natural light, making it ideal for attracting tenants. Enjoy the convenience of being close to vibrant shopping and dining options, all while benefiting from the ongoing revitalization in the community. Don’t miss out on this exceptional opportunity to invest in a property with incredible potential for appreciation. Act fast—this gem won't last long!
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!
Strategically located on Victory Blvd, this 11-unit 7,030 square foot apartment building located in the heart of North Hollywood sits on an 11,988 square foot R3-zoned lot. This property features a secure gated entrance, a welcoming courtyard for residents, community laundry facilities, and ample parking. With rents currently below market value, there's great potential for rental income growth. Provides easy access to 101, 170 and 5 freeways, shopping, dining, and public transit such as the Redline. Nearby Burbank Airport, University City, NOHO Arts District and North Hollywood Park. Excellent investment opportunity with strong potential for income growth!
OPPORTUNITY ZONE FULLY VACANT MASSIVE BRAND NEW 5 UNITS! Welcome to your next turnkey investment or your first smart investment!! Luxury Brand New 5 units in the heart of the NoHo Arts District. These 5 brand new townhome-style units feature top-tier finishes, spacious walk-in closets, tons of natural light, modern sleek open floor layouts, fully equipped kitchens and in-unit washers and dryers. It's composed of an ideal unit mix of 5, 4, and 3x 3 bedroom units with 8,132 sq ft of livable space plus 490 sq ft of garages. Do not miss your chance to own this one of a kind 5 units!!
Great 6 unit all 2 Bedroom and 2 Bath building in a great area of North Hollywood. No City Rent control. This property is part of a Portfolio and being sold together with 857 Plymouth and 4906 Rosewood.
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
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.
**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!
BOM! Previously sold with multiple bids! Run, don't walk! Prime NoHo Arts District property! This LARD1.5 zoned building, situated south of Magnolia, offers 4 units, each featuring 1 bedroom and 1 bathroom. Each unit boasts a private yard and private laundry. The property includes two 2-car garages. Ideal for investors seeking a valuable addition in a highly desirable location. Seize this opportunity to own a versatile property in a thriving neighborhood.
BOM! Previously sold with multiple bids! Run, don't walk! Prime NoHo Arts District property! This LARD1.5 zoned building, situated south of Magnolia, offers 4 units, each featuring 1 bedroom and 1 bathroom, private yard, and private laundry. The property includes two 2-car garages. Ideal for investors seeking a valuable addition in a highly desirable location. Seize this opportunity to own a versatile property in a thriving neighborhood.
We are pleased to present the exclusive sale of the Hart Street Apartments, a remarkable multi-unit property boasting an impressive 11 units. Featuring a desirable mix of 9 spacious two-bedroom, two-bath apartments and 2 one-bedroom, one-bath units, this offering presents an exceptional investment opportunity. Hitting the market for the first time in nearly two decades, this meticulously maintained property showcases impeccable upkeep throughout the owner's tenure. The recently refreshed front landscaping enhances the property's already captivating curb appeal, while tenant amenities such as an on-site laundry room, secure parking with dedicated spaces, completed soft-story retrofit with compliance certification, and secured entry provide added convenience and peace of mind. Ideally situated in a thriving area that has attracted numerous notable corporations, including Target, NoHo West, Starbucks, and Trader Joe's, this property offers unparalleled accessibility to supermarkets, fitness centers, public transportation, hospitals, and schools. With an incredible "TRUE" cap rate of 6.10% and a GRM of 9.55, this highly sought-after investment presents a rare opportunity to capitalize on the market's potential. ALL OFFERS MUST BE SUBMITTED WITH POF AND ARE DUE FRIDAY, AUGUST 30TH, BY 2 PM.
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.
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.
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.
JUST REDUCED BY $100,000! **PRIME OWNER-USER TRIPLEX** 11241 Peach Grove Street, North Hollywood CA Attractive Triplex in the Heart of the NOHO ARTS DISTRICT A Prime Investment Opportunity. Discover this exceptional OWNER-USER TRIPLEX that promises the best of both worlds: a charming residence with additional income potential. Located on a spacious 6,402 SF CORNER LOT in the highly desirable NoHo Arts District, this property is a gem for buyers, investors, and developers alike. The MAIN HOUSE: An Updated 3-bedroom, 2-bathroom home w/ Private yard & garden, Inviting courtyard, Dedicated garage, and Ample on-site parking. This charming traditional property boasts a wonderful living experience within a vibrant neighborhood. Enjoy the benefits of a wide street and the proximity to the lovely nearby North Hollywood Park, perfect for leisure and outdoor activities. VALUE-ADD OPPORTUNITY: This property presents a fantastic value-add opportunity with the potential to add an Accessory Dwelling Unit* (ADU). *Buyers to investigate and conduct their due diligence. PRIME LOCATION: Situated in the NoHo Arts District, known for its cultural and artistic flair. Close to major motion picture studios, making it an ideal location for industry professionals. Close to great eateries, bars, coffee shops, and nightlife. Easy access to freeways, ensuring a seamless commute. Just a few blocks away from Starbucks and other local amenities. With its unique combination of a comfortable home, additional income potential, and prime location, this triplex is an outstanding investment opportunity. Lower your income-to-debt ratio while enjoying all that this dynamic neighborhood has to offer. An ideal choice for anyone looking to invest in one of Los Angeles' most sought-after areas. Contact us today to schedule a viewing and explore the endless possibilities this triplex has to offer.
6455 Troost Ave is an OPPORTUNITY ZONE, NON RENT CONTROLLED ultra-premium 2024 6-unit located in ultra trendy North Hollywood, just 3 minutes from the countless shops, restaurants and conveniences at NoHo West! This prime 6-unit can be delivered pre-Cert. of Occupancy: a dream come true for Opp. Zone or 1031 exchange buyers! In addition to the massive project, the Seller is developing another 6-unit property down the street that will be completed soon, priced at $3,849,000. The properties can be purchased separately or together for $7,844,000! 6455 Troost is made up of ALL large 4-bedroom, 3-bathroom tri-level townhome style units! The property boasts 10 parking spots, all situated behind a security gate that is conveniently accessed by a back alley (highly desirable to tenants). The excellent location, paired with the upscale modern units will make for quick, easy rentals. These premium townhomes feature unbeatable floorcplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to designer tiles, all kitchen appliances included, large waterfall islands, modern glossy cabinets, high ceilings, huge closets, countless windows everywhere you look allowing for maximum light, natural wood waterproof vinyl, and more! In addition to the high return, buyers will enjoy other perks including tons of parking, tastefully designed drought tolerant landscaping, a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come. This one-of-a-kind opportunity will not last long!
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.
Two story commercial building in the heart of the NoHo arts district, a perfect location that is very desirable. This property features two stories with the first floor having a large open area that would be perfect for, office, show room, bullpen area, studio, restaurant or any creative use. In addition there is a large warehouse or additional open space and a conference room. Upstairs there is a 1 bedroom complete apartment that may be converted into additional offices or a working studio. The building has ally access and pass through access on the complete property through Magnolia. This area boasts industries as film, production; editing, industry agencies and photography just to name a few. This property features street access and rear accessibility for vehicles.
The median home value in North Hollywood, CA is $865,000. The national median home value is $338,100. The average price of homes sold in North Hollywood, CA is $865,000. North Hollywood real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a North Hollywood real estate agent to arrange a tour today!