$3189000 Price Analysis   ♡   North Hollywood, CA 91605 17 bed 21 bath 8057 SqFt ($395/SqFt) 7904SqFt lot. Built 2021 Listed 2024-04-09, Taxes $9864 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
THIS IS THE ONE 5 UNITS-FULLY STABILIZED: 6926 Morella Ave - Welcome to this exceptional investment opportunity that was meticulously crafted and built in 2021.
Consisting of three buildings, this modern complex offers unparalleled amenities and convenience for tenants. Every unit basts the pinnacl e of comfort with central air conditioning and heating, ensuring year-round comfort. The inclusion of inside laundry facilities, along with essential appliances such as refrigerators, stoves and dishwashers, enhances the living experience for residents. Additionally, there is plenty of parking for all units with a combination of attached 1 car garages and surface parking lot spaces.
Each unit offers a generous layout with a combination of four- and three-bedroom units, accommodating various tenant needs and preferences. Whether it's families seeking open living or professionals desiring roomy accommodations, these units cater to a diverse range of renters. With its modern amenities, thoughtful design and full occupancy, this investment property presents a compelling opportunity for investors looking to capitalize on a thriving rental market at a true 6.47 cap rate. Don't miss out on the chance to secure a lucrative investment in the ultra-hot NOHO neighborhood. Make this property your 1031 exchange transaction.
Presented by Xio Sandoval at
CENTURY 21 Realty Masters.
Property MLS #MB24069695 from CRMLS
Lot Size Acres: 0.1814509
Lot Size Source: Assessor
Lot Size Square Feet: 7904
Parking Features: Parking YN: Yes, Parking Features: Direct Garage Access, Driveway
Parking Total: 9
Bedrooms in Unit-1: 4
Bedrooms in Unit-2: 3
Bedrooms in Unit-3: 4
Bedrooms in Unit-4: 3
Bedrooms in Unit-5: 3
Total Bathrooms in Unit-1: 5
Total Bathrooms in Unit-2: 4
Total Bathrooms in Unit-3: 4
Total Bathrooms in Unit-4: 4
Total Bathrooms in Unit-5: 4
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Tenant Pays: All Utilities
County: Los Angeles
Cap Rate: 6.47
Source Property Type: Residential Income
Inclusions: All appliances
Insurance Expense: 2200.00
Area: NHO - North Hollywood
Source Neighborhood: NHO - North Hollywood
New Taxes Expense: 38860.00
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 5
Number of Separate Water Meters: 5
Parcel Number: 2321016017
Postal Code Plus 4: 6027
Professional Management Expense: 6000.00
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $172363 + $643555 $815918 | $9864 |
| 2021 | $152968 + $611874 $764842 | $9326 |
| 2020 | $126422 + $131585 $258007 | $3346 |
| 2019 | $123944 + $129005 $252949 | $3222 |
| 2018 | $121514 + $126476 $247990 | $3110 |
| 2017 | $119132 + $123997 $243129 | $3041 |
| 2016 | $116797 + $121566 $238363 | $2948 |
| 2015 | $115043 + $119740 $234783 | $2906 |
| 2014 | $112790 + $117395 $230185 | $2923 |
| 2013 | $112281 + $116865 $229146 | $2922 |
| 2012 | $110080 + $114574 $224654 | $2960 |
| 2010 | $107922 + $112328 $220250 | $2905 |
| 2009 | $107371 + $111754 $219125 | $2800 |
| 2009 | $107116 + $111489 $218605 | $2800 |
| 2008 | $105266 + $109563 $214829 | $2684 |
| 2007 | $103202 + $107415 $210617 | $2587 |
$3189000
CRMLS
Listing removed 2023-03-03
$4100
CRMLS
Listing removed 2022-01-26
$0
CRMLS
Listing removed 2022-01-23
$0
Avail
Listed for rent 2022-01-01
$4100
Avail
Listing removed 2021-12-18
$0
Avail
Price Changed for rent 2021-12-07
$4100
Avail
Listed for rent 2021-11-27
$3900
Avail
Listed for rent 2021-11-26
$3500
CRMLS
Sold 2020-03-20
$757000
HighDesertAoR
Price Changed 2020-02-09
$880000
HighDesertAoR
Price Changed 2020-01-16
$850000
HighDesertAoR
Price Changed 2020-01-08
$925000
HighDesertAoR
Listed 2019-11-28
$1300000
HighDesertAoR
Listing removed 2018-10-19
$850000
CRISNET
Sold 1999-06-24
$180000
Public Record
Year Built: 2021
Building Features: 3
Common Walls: No Common Walls
Entry Level: 4
Entry Location: ground level
Property Age: 3
Levels or Stories: One, Three Or More
Building Total Stories: 1
Structure Type: Apartment
Year Built Source: Assessor
Water Source: Private
Map directions Map directions Map directions Map directions Map directions Map directionsThe 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.