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12717 Vanowen Street

North Hollywood, CA 91605
  • $3,700,000
  • STATUS: Active
  • ON SITE: 6 Days
  • ID#: GD22234366
New On Site 6 Days Ago
UPDATED: 124 min ago
$3,700,000
  • 0
    BEDS
  • 0.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1955
County:

School Ratings & Info

Listing Agent(s): Tereza Toramanyan of Coldwell Banker Hallmark (818-476-3000)


Description

Calling out all investors for this value add investment opportunity! This 18 unit building nestled in the heart of North Hollywood consists of three buildings sitting on over half an acre lot. Unit breakdown: fourteen 1 bedroom units and four 2 bedroom units. All units are tenant occupied and all tenants paying rent! With minimal expenses and huge upside in rent. Most units are rented below market value and 5 units are section 8 tenants. Here is an incredible opportunity to add value and increase rents! Offers subject to inspection. DO NOT disturb tenants.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-11-28T21:30:52.793. 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 or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
www.tolivebythesea.com/homes/134922978
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12717 Vanowen Street North Hollywood, CA 91605

  • Price: $3,700,000
  • Status: Active
  • On Site: 6 Days
  • Updated: 124 min ago
  • ID#: GD22234366
0
Beds
0
Baths
0
½ Baths
0.5
Acres
1955
Built
Neighborhood:
NHO - North Hollywood
County:
Los Angeles
Area:
NHO - North Hollywood
Property Description
Calling out all investors for this value add investment opportunity! This 18 unit building nestled in the heart of North Hollywood consists of three buildings sitting on over half an acre lot. Unit breakdown: fourteen 1 bedroom units and four 2 bedroom units. All units are tenant occupied and all tenants paying rent! With minimal expenses and huge upside in rent. Most units are rented below market value and 5 units are section 8 tenants. Here is an incredible opportunity to add value and increase rents! Offers subject to inspection. DO NOT disturb tenants.
Exterior Features

Number Of Separate Electric Meters 18 Parking Total 25 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Sidewalks Garage YN Yes Gross Income 269940 Gross Scheduled Income 269940 Insurance Expense 12000 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Net Operating Income 200220 New Construction YN No Number Of Separate Gas Meters 18 Number Of Separate Water Meters 1 Operating Expense 69720 Property Sub Type Mixed Use Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Trash Expense 9720 Water Sewer Expense 21000 Water Source See Remarks Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-11-28T21:30:52.793. 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 or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Tereza Toramanyan of Coldwell Banker Hallmark (818-476-3000)