North Hollywood CA Multi Family for Sale
- Type:
- Cluster
- Sq.Ft.:
- 36,408
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.37 Acres
- Year built:
- 1970
- Baths:
- MLS#:
- PTP2405347
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
- Type:
- Apartment
- Sq.Ft.:
- 7,234
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.31 Acres
- Year built:
- 1947
- Baths:
- MLS#:
- GD24176837
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!
$1,299,992
5151 Denny Avenue North Hollywood, CA 91601
- Type:
- Fourplex
- Sq.Ft.:
- 2,422
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.22 Acres
- Year built:
- 1941
- Baths:
- MLS#:
- BB24125297
ADDITIONAL INFORMATION
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.
- Type:
- Fourplex
- Sq.Ft.:
- 2,422
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.22 Acres
- Year built:
- 1942
- Baths:
- MLS#:
- BB24125295
ADDITIONAL INFORMATION
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.
- Type:
- Duplex
- Sq.Ft.:
- 1,490
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1924
- Baths:
- MLS#:
- PW24175613
ADDITIONAL INFORMATION
Development opportunity! Zoned RD1.5 Current use is a Duplex. Two detached homes. Potential assemblage with neighboring lot to make 14,652 SF. Ideal for ED1 or affordable housing project. Owner user potential as well. Site is situated in a Qualified Opportunity Zone (QOZ).
- Type:
- Mixed Use
- Sq.Ft.:
- 2,052
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.13 Acres
- Year built:
- 1945
- Baths:
- MLS#:
- BB24171940
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.
- Type:
- Mixed Use
- Sq.Ft.:
- 2,165
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.13 Acres
- Year built:
- 1942
- Baths:
- MLS#:
- BB24169018
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.
$2,495,000
6955 Fulton Avenue North Hollywood, CA 91605
- Type:
- Cluster
- Sq.Ft.:
- 4,445
- Status:
- Active
- Beds:
- 20
- Lot size:
- 0.14 Acres
- Year built:
- 1957
- Baths:
- 12.00
- MLS#:
- 24427601
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.
- Type:
- Triplex
- Sq.Ft.:
- 2,083
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.16 Acres
- Year built:
- 1940
- Baths:
- MLS#:
- GD24161221
ADDITIONAL INFORMATION
This prime North Hollywood 3-unit triplex offers a fantastic value-add opportunity. ATTENTION DEVELOPERS, POSSIBLY TO BUILD 8 UNITS. Please check with the City of Los Angeles Building and Planning departments for more information. The property sits on a spacious LAR3 lot and features two structures - (1) one fully detached main structure comprised of a beautiful 2-bed/1-bath, and (2) a second structure with 2-bed/1-bath and 1-bed/1-bath units. A detached garage and carport are available for ample parking and storage space. Enjoy close proximity to schools, shops, the NoHo Arts District, and easy freeway access to the 101, 134, and 170 freeways.
- Type:
- Cluster
- Sq.Ft.:
- 6,467
- Status:
- Active
- Beds:
- 10
- Lot size:
- 0.19 Acres
- Year built:
- 1963
- Baths:
- 10.00
- MLS#:
- 24420243
ADDITIONAL INFORMATION
We are pleased to offer this eight unit investment opportunity, located in the City of North Hollywood. The unit mix consists of six 1+1 and two 2+2 units. The investment consists of approximately 6,467 of rentable square feet and is situated on an approximately 8,178 square foot parcel. Recent property upgrades include a new surveillance system, new exterior lighting, new exterior building and unit numbers, and five of the units have recently been renovated. The building amenities include a large parking area with nine total spaces, a an on-site laundry room for additional income, and the property is separately metered for electricity. The property is subject to City of Los Angeles Rent Stabilization Ordinance and the property is subject to the Los Angeles Soft-Story Retrofit Program.
- Type:
- Cluster
- Sq.Ft.:
- 3,256
- Status:
- Active
- Beds:
- 5
- Lot size:
- 0.15 Acres
- Year built:
- 1942
- Baths:
- 4.00
- MLS#:
- 24418167
ADDITIONAL INFORMATION
**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.
$4,299,000
6025 Craner Avenue North Hollywood, CA 91606
- Type:
- Cluster
- Sq.Ft.:
- 16,584
- Status:
- Active
- Beds:
- 24
- Lot size:
- 0.22 Acres
- Year built:
- 2021
- Baths:
- 30.00
- MLS#:
- 24413509
ADDITIONAL INFORMATION
Built in 2021 from the ground up, this property offers modern living with spacious units of 2200-2400sf and amenities that keep tenant turnover to a minimum and provide for extremely strong income. Each unit is 4 beds, 5 baths with an en suite bathroom in each bedroom for ultimate privacy. A large chef's kitchen, multiple balconies and generous living space make these units stand out. Elevator, rooftop deck, secure lobby and secure garage ensure that this will be a great investment for years to come. Office and storage space can be leased for immediate additional income.
- Type:
- Fourplex
- Sq.Ft.:
- 3,224
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.12 Acres
- Year built:
- 1962
- Baths:
- MLS#:
- SB24133767
ADDITIONAL INFORMATION
Well Maintained, pride of ownership 4 unit in Toluca Lake Area of North Hollywood. Property Consists of of four 2 bedroom + 1 bath units, averaging about 800 sq. ft. each. 4.64 Cap Rate and 14.71 GRM at Market Rent. Possibiliby for an astute investor to turn the carports into ADU's to generate additional Rental Income and further increase the cash return to Owner. Each Unit has individual Water Heater. Zoned LA-R3 so possibility to rent now and build condos in the future similar to properties accross the Street.
- Type:
- Duplex
- Sq.Ft.:
- 2,408
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.2 Acres
- Year built:
- 1937
- Baths:
- MLS#:
- DW24131564
ADDITIONAL INFORMATION
$50K price reduction! This duplex, located in the rapidly developing North Hollywood Arts District, offers a fantastic opportunity. The front unit (5620) features a spacious living room with a fireplace, 2 bedrooms, 2 bathrooms, a kitchen, rear patio, front yard, and a detached two-car garage. Laundry facilities are located on the rear patio. The newly built, two-story rear unit (5618) has its own private entry, separated by a gate. The first floor includes a living room, kitchen, dining area, and half bath, with direct access to its own two-car garage with laundry facilities. Upstairs, the master bedroom includes an en-suite bathroom, and two additional bedrooms share a Jack and Jill bathroom. The property includes a total of 2,408 sq ft of living space and sits on an 8,874 sq ft lot. Both units feature private entries and garages, offering excellent potential in a vibrant neighborhood.
$1,928,000
5032 Denny Avenue North Hollywood, CA 91601
- Type:
- Apartment
- Sq.Ft.:
- 2,271
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.21 Acres
- Year built:
- 1947
- Baths:
- MLS#:
- AR24126834
ADDITIONAL INFORMATION
RTI READY!!! HIGHLY DESIRED AREA IN THE HEART OF NORTH HOLLYWOOD!!! Entitled 6 unit modern Small Lot Single Family Residence project(5 SFR PLUS 1 ADU) in the center of trendy, hip and incredibly walkable NoHo art district. This chic design project has open floor plans with abundant landscaping area. An extraordinary project fulfill the vital needs of future home buyers who are looking for the sophisticated and fashionable city lifestyle. All project related document will be provided to buyers with potential offers. 3 rental units total and one will be delivered vacant. Currently property produces nice and stable income. No sign on the site, and please DO NOT DISTURB tenants.
$3,995,000
6455 Troost Avenue North Hollywood, CA 91606
- Type:
- Apartment
- Sq.Ft.:
- 9,000
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 2024
- Baths:
- MLS#:
- BB24124650
ADDITIONAL INFORMATION
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!
- Type:
- Cluster
- Sq.Ft.:
- 12,461
- Status:
- Active
- Beds:
- 26
- Lot size:
- 0.36 Acres
- Year built:
- 1964
- Baths:
- 16.00
- MLS#:
- 24400637
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.
- Type:
- Duplex
- Sq.Ft.:
- 1,461
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1949
- Baths:
- MLS#:
- SR24095129
ADDITIONAL INFORMATION
Introducing a promising duplex situated on a 6,415 SqFt corner lot with LARD2 zoning in the heart of North Hollywood. This property offers a lucrative combination of development potential and income-generating opportunity in a neighborhood that is undergoing rapid growth and transformation. With its strategic location just minutes from Studio City, Toluca Lake and Burbank, and its proximity to the dynamic NoHo Arts District, bustling NoHo West, major freeways and the North Hollywood Subway station, this duplex presents an ideal investment prospect for those seeking to participate in the neighborhood's exciting trajectory. The gated property features a 1,024 SqFt, 2-bedroom, 1-bathroom unit and a 437 SqFt, 1-bedroom, 1-bathroom unit, complemented by a detached 2-car garage. Whether you're seeking an investment opportunity or a home with additional income, this duplex offers a promising future filled with potential. The property is tenant occupied and priced accordingly. Don't miss out on this exclusive opportunity unlike anything else currently available on the market!
- Type:
- Cluster
- Sq.Ft.:
- 17,690
- Status:
- Active
- Beds:
- 1
- Lot size:
- 0.51 Acres
- Year built:
- 1965
- Baths:
- 40.00
- MLS#:
- 24383033
ADDITIONAL INFORMATION
We are proud to present 5020 Tujunga Avenue - a value add real estate opportunity located in North Hollywood, CA. The 40 unit building is comprised of 15- Bachelors 24- Studios complimented by 1- 1 bedroom unit. Constructed in 1965, the property spans 17,690 gross square feet, and is set on a 0.51-acre lot. The property has ample parking spots for tenants with easy access through an alley that leads behind the property. To enhance the quality of living for residents, the property features a smoke-free environment, security systems, intercom, storage spaces, laundry facilities, pool, maintenance & manager on-site, walk-in closets and balconies.One of this property's significant attractions is the great value-add potential. Current rents at the property are approximately 33% below the market rate, presenting a significant opportunity for the buyer. Assuming the buyer can turn over all units and achieve market rents throughout, we estimate that the units could bring in about $77,000 in gross rental income each month, or about $929,000 per year, increasing the buyer's CAP rate to 8.57%!With all rents being below 80% of AMI (Area Median Income), this property qualifies for lower than market-rate financing from Freddie Mac due to this affordability aspect. Additionally, a new owner can convert the project into affordable housing which could significantly lower property taxes and add a lot to the property's net income and value. Please reach out to learn more. The location of 5020 Tujunga Ave in North Hollywood is particularly noteworthy. Nestled in a vibrant and evolving area, this property benefits from its proximity to key commercial and entertainment hubs, including the NoHo Arts District, renowned for its lively arts scene, theaters, cafes, and eclectic dining options. Tenants have ease of access to North Hollywood & Valley Village Park as well as the North Hollywood Recreation Center directly across the street. Additionally, the property is well connected through public transportation networks and major roadways, enhancing accessibility and convenience for residents. The proximity to various film studios and creative industries in North Hollywood also makes this location desirable for professionals working within these sectors, potentially increasing demand for rental units.
- Type:
- Apartment
- Sq.Ft.:
- 5,311
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.31 Acres
- Year built:
- 1953
- Baths:
- MLS#:
- SR24056706
ADDITIONAL INFORMATION
The Tujunga property currently consists of thirteen multifamily units with two, one bedroom one bath units and eleven singles individually metered for electric. The property is professionally maintained and the square footage of the combined, individual parcels gives the property an excellent potential for redevelopment. The rent survey conducted for this property indicates significant upside upon the relaxation of Covid restrictions by both the City and County of Los Angeles. Rents have not been increased for some time and the rent increase freeze may be lifted early2024. With upgrades, Tujunga Apartments could achieve rent levels commensurate with those properties surveyed. It is also important to note that the comparables chosen are low to mid-range at the time of publication and, depending on the improvements contemplated by the investor, actual rent targets could be higher.
- Type:
- Fourplex
- Sq.Ft.:
- 2,420
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.21 Acres
- Year built:
- 1949
- Baths:
- MLS#:
- SR23049997
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.
- Type:
- Cluster
- Sq.Ft.:
- 3,200
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.13 Acres
- Year built:
- 1950
- Baths:
- 2.00
- MLS#:
- 22227563
ADDITIONAL INFORMATION
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.
North Hollywood Real Estate
The median home value in North Hollywood, CA is $867,500. The national median home value is $338,100. The average price of homes sold in North Hollywood, CA is $867,500. 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!
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