x
Address
6843 GENTRY Avenue North Hollywood, CA
Price
$ 5,495,000
Property Attributes
  • MLS#19445020
  • TypeIncome
  • CountyLOS ANGELES
  • CityNorth Hollywood
  • AreaNorth Hollywood
  • Zip91605
  • Style
  • Price$ 5,495,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage19230
  • Lot Size0.55 Acres
Listing Provided Courtesy Of:
Kelly Morgan with Keller Williams-Santa Monica.
Property Description

27 Units with 53%+/- upside in rents and a 4.82% Cash on Cash return. Also take a look at the cash flow analysis on page 29 of our OM to see a scenario that would achieve a 20.9% Average Annual ROI doubling your investment in 5 years. 13 of the units have already been upgraded with new kitchen cabinets, new bathrooms and new flooring, however they are not at market since the owner did not rehab the exterior of the building and the units will need to have the popcorn ceiling scraped, better showers installed and new windows. The good news is there is plenty of upside left for those units and the upgrade should only cost about $10,000/Unit. The property is within walking distance to the new "NoHo West" lifestyle center. This brand new development should provide similar property value and apartment rental increases in the surrounding areas much as "The Grove" in West LA or the "Americana at Brand" in Glendale provided. NoHoWest will include Amenity Rich Apts, retail/office, entertainment.

Price History
3/18/2019 Listed $5,495,000

General Features

Directions 2 blocks West of Laurel Canyon Blvd., just North of Vanowen St, enter from 6844 Ben Ave
Listagentaor Out of Area Board
Listing Agent Kelly Morgan - BRE#01898026
Listing Agent State License 01898026
MLS Area NHO - North Hollywood
Price Per Square Foot 285.75
Source System CRMLS
Total Units 27
Zoning LARD1.5

Interior Features

Appliances None
Laundry Features None
Total Stories 2

Exterior Features

Special Listing Conditions Standard
Building Area Total 19230.00
Lot Size Acres 0.5502
Lot Size Area 23966.0000
Lot Size Source Assessor
Lot Size Square Feet 23966.00
Lot Size Units Square Feet
Number of Buildings 1
Parking Features Carport
Parking Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91605

Price
AVG $2.86M
$5.5M
Visits
AVG 29
166
Year Built
AVG 1952
1964
Walkscore
AVG 67
70
Data Provided by Walkscore ® not using MLS data

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