5919 Whitnall Highway

    North Hollywood, CA 91601
    • $1,050,000
    • STATUS: Active
    • ON SITE: 44 days
    • ID#: 18349888
    UPDATED: 23 min ago
    $1,050,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,520
      SQFT
    • $298
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    A pride-of-ownership six-unit apartment building located in the desirable NoHo Arts District of the San Fernando Valley rental market.Originally built in 1953, an investor can take advantage of the tremendous upside in rental income and high occupancy rates. In addition to its turn-key condition, this investment is located close to major transportation hubs such as the Orange and the Red Metro Rail Lines, and shopping and entertainment facilities of the NoHo Arts District.This investment offers the opportunity to obtain a value-add apartment complex in the desirable Noho Arts District with upside in rental income.Units 2 & 5 are Studios, while the rest of the units are one bedrooms.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-15T18:27:02.6. 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/84129819

    5919 Whitnall Highway North Hollywood, CA 91601

    • Price: $1,050,000
    • Status: Active
    • Updated: 23 min ago
    • ID#: 18349888
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    3,520
    SQFT
    $298
    $/SQFT
    1953
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    A pride-of-ownership six-unit apartment building located in the desirable NoHo Arts District of the San Fernando Valley rental market.Originally built in 1953, an investor can take advantage of the tremendous upside in rental income and high occupancy rates. In addition to its turn-key condition, this investment is located close to major transportation hubs such as the Orange and the Red Metro Rail Lines, and shopping and entertainment facilities of the NoHo Arts District.This investment offers the opportunity to obtain a value-add apartment complex in the desirable Noho Arts District with upside in rental income.Units 2 & 5 are Studios, while the rest of the units are one bedrooms.
    Exterior Features

    Lot Size Units Square Feet Parking Features Garage Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Cooling Wall Window Cooling YN Yes Laundry Features None

    Property Features

    Cap Rate 4.16 Electric Expense 4560.00 Garage Income 4200.00 Gross Multiplier 15.58 Gross Operating Income 67380.00 Gross Scheduled Income 66451.00 Improvements Amount 423893 Insurance Expense 1408.00 Land Value 282595 Laundry YN No Maintenance Expense 3000.00 Net Operating Income 43691.00 Other Expense 679.00 Professional Management Expense 1994.00 Special Listing Conditions Standard Total Expenses 25991.00 Trash Expense 756.00 Zoning Lar3

    Listing provided courtesy of Elliot Hassan of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-15T18:27:02.6. 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.
     
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