4455 Bakman Avenue

    North Hollywood, CA 91602
    • $1,945,000
    • STATUS: Active
    • ON SITE: 131 days
    • ID#: SR18034873
    UPDATED: 27 min ago
    $1,945,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,206
      SQFT
    • $374
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    Price Reduced. Excellent opportunity to acquire a 6-unit apartment building in prime North Hollywood location on 4455 Bakman & 11336 Landale Street. It consists of a three-bedroom/two-bathroom single family residence (SFR) one 2-bedroom/1-bathroom apartment unit and four 1-bedroom/1-bathroom apartment units. This charming and well maintained apartment complex was built in 1941 (house)/1958 (apartment units), the building consists of 5,206 square feet and is zoned LAR1. Parking for 7 vehicles (4 garages and 3 open). With tremendous upside potential, an experienced investor and/or owner-user is able to recapture approximately 60% upside in rents in one of the best locations in Los Angeles. Projected GRM 11.54X with market rents. DRIVE BY ONLY.Conveniently located just 12-miles west of Downtown Los Angeles, North Hollywood is continues to be one of the hottest rental submarkets in the Greater Los Angeles Area. The property boasts a Walk Score of 81 as it sits on a quiet residential street just blocks from retail, grocery, dining and entertainment options. The property sits in close proximity to the NoHo Arts District, Ventura Boulevard, Universal City and Toluca Lake and is conveniently located near the 134, 101 and 170 Freeways providing easy access to Downtown LA, Glendale, Pasadena and the entire San Fernando Valley.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-25T13:29:55.727. 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.
    www.playavistaliving.com/homes/80750261

    4455 Bakman Avenue North Hollywood, CA 91602

    • Price: $1,945,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: SR18034873
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    5,206
    SQFT
    $374
    $/SQFT
    1958
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    Price Reduced. Excellent opportunity to acquire a 6-unit apartment building in prime North Hollywood location on 4455 Bakman & 11336 Landale Street. It consists of a three-bedroom/two-bathroom single family residence (SFR) one 2-bedroom/1-bathroom apartment unit and four 1-bedroom/1-bathroom apartment units. This charming and well maintained apartment complex was built in 1941 (house)/1958 (apartment units), the building consists of 5,206 square feet and is zoned LAR1. Parking for 7 vehicles (4 garages and 3 open). With tremendous upside potential, an experienced investor and/or owner-user is able to recapture approximately 60% upside in rents in one of the best locations in Los Angeles. Projected GRM 11.54X with market rents. DRIVE BY ONLY.Conveniently located just 12-miles west of Downtown Los Angeles, North Hollywood is continues to be one of the hottest rental submarkets in the Greater Los Angeles Area. The property boasts a Walk Score of 81 as it sits on a quiet residential street just blocks from retail, grocery, dining and entertainment options. The property sits in close proximity to the NoHo Arts District, Ventura Boulevard, Universal City and Toluca Lake and is conveniently located near the 134, 101 and 170 Freeways providing easy access to Downtown LA, Glendale, Pasadena and the entire San Fernando Valley.
    Exterior Features

    Garage Spaces 4.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Area

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalksStreet Lighting Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 900.00 Gardener Expense 1080.00 Gross Income 97392.00 Gross Scheduled Income 97392.00 Insurance Expense 2691.00 Land Lease YN No Laundry Income 2400.00 Laundry YN Yes Maintenance Expense 1200.00 Net Operating Income 62857.00 New Taxes Expense 23204.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 34535.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Expenses 34535.00 Trash Expense 1260.00 Water Sewer Expense 4200.00 Water Source Public Year Built Source Assessor Zoning Lar1

    Listing provided courtesy of Michael Tootikian of Keller Williams Encino-Sherman.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-25T13:29:55.727. 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.
     
    Team Tami | Palm Realty Boutique
    7101 Playa Vista Dr.
    Playa Vista CA, 90094