North Hollywood, CA91605
| 4031 sqft | MLS# SR25040091
Tract:
For Sale $1,350,000
Description
Back on the market, canceled at no fault to seller! Rare opportunity! Whether you choose to build the ADU's and sell for a profit or retain the property for long-term income, the potential is substantial. With 6 units occupied and 1 vacant, and 3 units completely and newly remodeled, 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.
Facts
| Built in 1951 | Lot Size: 7941.00 sqft | HOA Dues: $0/month
Features
Listing provided by Shira Dunn, Keller Williams Luxury
Based on information from California Regional Multiple Listing Service, Inc. as of July 15, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
