Property Details
About this Property
Presenting a rare opportunity to acquire a well-maintained 7-unit, 2 story residential building in the heart of North Hollywood. This 4,081 sq. ft. property is situated on a 7,882 sq. ft. lot, with each unit featuring a 1-bedroom, 1-bathroom layout. The uniform floor plans offer operational efficiency and broad appeal to a diverse tenant base, ensuring ease of management. Zoned LARD1.5, this property provides exciting development potential, making it an ideal blend of immediate cash flow and long-term growth prospects. Units are leased with dependable tenants, providing steady cash flow and peace of mind. Plans have been submitted to add two Additional Dwelling Units (ADUs) at the rear, presenting a compelling value-add opportunity. Whether you choose to build the ADUs and sell for a profit or retain the property for long-term income, the potential is substantial. With all units occupied and a path to achieving over a 10% cap rate, this investment offers immediate returns and significant upside.
MLS Listing Information
MLS #
CRSR24217608
MLS Source
California Regional MLS
Days on Site
29
Interior Features
Appliances
Dryer, Washer
Parking, School, and Other Information
Garage/Parking
Garage: 4 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
6827 Radford Ave is a Residential Income in North Hollywood, CA 91605. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,599,000 and was built in 1951. This address can also be written as 6827 Radford Ave, North Hollywood, CA 91605.
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This listing information is up-to-date as of October 29, 2024. For the most current information, please contact Shira Dunn
