$1,175,000 Price Analysis   ♡   North Hollywood, CA 91606 7 bed 5 bath 3,520 SqFt ($333/SqFt) 5,118SqFt lot. Built 1957 Listed 2022-10-27, Taxes $5,907 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Property Details
A strong income property opportunity in the dynamic North Hollywood market with an abundance of new developments for shopping and entertainment and located in the heart of North Hollywood's thriving population. Built in 1957 this well maintained building has 3, 520 sq.ft. on 5, 118 sq.ft. lot. The 5-unit mix consists of (2) 2bd/1bth units, (3) 1bd/1bth units, separately metered for tenant paid electric and gas. The building lso offers new roof installed 2/2023, (4) 1-car enclosed garages, (5) driveway parking spaces, primarily hardscaped low-maintenance grounds, community laundry room with coin-operated washer and dryer and added value in the costs for completed LADBS Soft-Story Retrofit Compliance in December 2021.
Current Monthly Rents $5, 766.80/Gross Monthly; Unit 1: $1, 456/mo; Unit #2: $1113.84; Unit #3: $937.04; Unit #4: $937.04; Unit #5: $1, 322.88. This central Nor th Hollywood location is adjacent to Studio City, Burbank and Toluca Lake and in close proximity to the Metro B Line (Red) North Hollywood station and minutes from the 170 and 101 freeways providing short easy access to Hollywood, Downtown LA, Pasadena and more. The business rich area is highly desirable for rentals with consistent demand, surrounded by the studios and entertainment industry, Burbank airport, Universal Studios, as well as the NoHo Arts District and NoHo West shopping center -all help to maintain and grow the vibrant population. This premier apartment building brings established residential tenants in a booming market for long term growth.
Presented by Edward Barrios at
Vista Sotheby's International Realty.
Property MLS #PV22230104 from CRMLS
Heating Features: Wall Furnace
Heating: Yes
Road Frontage Type: City Street
Road Surface Type: Paved
Lot Size Acres: 0.1174931
Lot Size Dimensions: 50x102
Lot Size Source: Assessor
Lot Size Square Feet: 5118
Parking Features: Parking YN: Yes, Parking Features: Assigned
Parking Total: 9
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 1
Unit-5 Garage Spaces: 1
Maintenance Expense: 2000.00
Tenant Pays: Cable TV, Electricity, Gas, Trash Collection
Rent Control: Yes
County: Los Angeles
Cap Rate: 3.73
Tax Year: 2022
Other Expense: 1690.00
Source Property Type: Residential Income
Insurance Expense: 3300.00
Area: NHO - North Hollywood
Source Neighborhood: NHO - North Hollywood
New Taxes Expense: 14687.00
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 5
Parcel Number: 2335036020
Postal Code Plus 4: 4246
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $288,585 + $144,277 $432,862 | $5,907 |
| 2021 | $282,927 + $141,449 $424,376 | $5,822 |
| 2020 | $280,026 + $139,999 $420,025 | $5,871 |
| 2019 | $274,536 + $137,254 $411,790 | $5,666 |
| 2018 | $269,153 + $134,563 $403,716 | $5,554 |
| 2017 | $263,876 + $131,925 $395,801 | $5,397 |
| 2016 | $258,702 + $129,339 $388,041 | $5,247 |
| 2015 | $254,817 + $127,397 $382,214 | $5,179 |
| 2014 | $249,826 + $124,902 $374,728 | $5,226 |
| 2013 | $248,697 + $124,338 $373,035 | $5,216 |
| 2012 | $243,821 + $121,900 $365,721 | $5,282 |
| 2010 | $239,041 + $119,510 $358,551 | $5,096 |
| 2009 | $237,819 + $118,899 $356,718 | $4,921 |
| 2009 | $237,255 + $118,617 $355,872 | $4,921 |
| 2008 | $233,156 + $116,568 $349,724 | $4,729 |
| 2007 | $228,585 + $114,283 $342,868 | $4,570 |
$1,175,000
CRMLS
Price Changed 2023-02-15
$1,199,000
CRMLS
Listed 2022-10-27
$1,249,000
CRMLS
Listing removed 2006-10-02
$775,000
ITECH
Listed 2005-07-27
$775,000
ITECH
Sold 1988-05-27
$240,000
Public Record
Sold 1985-09-26
$192,000
Public Record
Year Built: 1957
Building Features: 1
Common Walls: No Common Walls
Construction Materials: Stucco
Direction Faces: East
Foundation Details: Raised, Slab
Property Age: 67
Roof: Composition
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 4438.40
Cable Connected
Electricity Connected
Natural Gas Connected
Phone Connected
Sewer Connected
Water Connected
Water Source: Public
Map directions Map directions Map directions Map directions
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  | ||
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.