10860 Blix Street

    North Hollywood, CA 91602
    • $2,525,000
    • STATUS: Active Under Contract
    • ON SITE: 189 days
    • ID#: 18342396
    Under Contract
    UPDATED: 73 min ago
    $2,525,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,848
      SQFT
    • $322
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    Rosano Partners is pleased to present this opportunity to acquire an eight-unit apartment in Toluca Lake. Built in 1964, this two-story apartment is comprised of six 2Bed/1Bath and two 3Bed/2Bath units. This is a value-add deal with 52.6% upside in rents, perfect for investors in a 1031-Exchange looking for a stabilized investment with long-term upside. A brand new roof, 100% copper plumbing, and new water heater were installed in 2014. Three units have been recently remodeled with laminate floors, tiles, and kitchen cabinetry. Eight parking spots reside on the property. 2018 Average Household Income within 3 mile radius: $98k. Motivated Seller.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T13:36:10.033. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/83402456

    10860 Blix Street North Hollywood, CA 91602

    • Price: $2,525,000
    • Status: Active Under Contract
    • Updated: 73 min ago
    • ID#: 18342396
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    7,848
    SQFT
    $322
    $/SQFT
    1964
    Built
    Neighborhood:
    TUL - Toluca Lake
    County:
    Los Angeles
    Area:
    TUL - Toluca Lake
    Property Description
    Rosano Partners is pleased to present this opportunity to acquire an eight-unit apartment in Toluca Lake. Built in 1964, this two-story apartment is comprised of six 2Bed/1Bath and two 3Bed/2Bath units. This is a value-add deal with 52.6% upside in rents, perfect for investors in a 1031-Exchange looking for a stabilized investment with long-term upside. A brand new roof, 100% copper plumbing, and new water heater were installed in 2014. Three units have been recently remodeled with laminate floors, tiles, and kitchen cabinetry. Eight parking spots reside on the property. 2018 Average Household Income within 3 mile radius: $98k. Motivated Seller.
    Exterior Features

    Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 4.59 Gross Multiplier 14.93 Gross Operating Income 169139.00 Improvements Amount 739371 Land Value 950620 Laundry YN Yes Net Operating Income 115970.00 Special Listing Conditions Standard Total Expenses 49259.00 Zoning Lar3

    Listing provided courtesy of Sagiv Rosano of Rosano Partners.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T13:36:10.033. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Team Tami | Palm Realty Boutique
    7101 Playa Vista Dr.
    Playa Vista CA, 90094