6827 Radford Avenue
North Hollywood, CA 91605
0.18 acres | #SR24007393
Description
Exceptional and rare Investment opportunity with this 7-unit building in North Hollywood, spanning 4,081 Sqft and situated on a 7,882 Sqft lot. Each unit in the building offers a 1 bedroom and 1 bathroom layout. The consistent unit configuration across the property ensures ease of management and appeals to a broad rental market. The LARD1.5 zoning enhances the property’s value, offering potential for future development. It’s a unique blend of current stability and future growth prospects. Located in a vibrant neighborhood, this property benefits from its strong rental demand, making it an attractive investment choice. The current capitalization rate (cap rate) stands at 4.5%, indicating a healthy return on investment. Additionally, the potential for a pro forma cap rate of approximately 9.2% showcases the significant upside potential of this investment. This property is not just an asset, but a gateway to long-term financial growth and success in the real estate market. It’s ideal for investors seeking a balanced combination of immediate income and potential for value appreciation.
Property Details
- Stories2
Measurements
- Acres0.1824
Parking
- Parking Spaces9
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1951
Utilities / Energy Details
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,299,000
Other
- MLS #SR24007393
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Michael Chez (#F210007054)
Listing Office: Compass (#SR0132311)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
