$1,200,000 Price Analysis   ♡   North Hollywood, CA 91601 8 bed 7 bath 5,014 SqFt ($239/SqFt) 6,754SqFt lot. Built 1953 Listed 2024-04-02, Taxes $5,121 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
5640 Bakman Ave is a charming 7-unit apartment building in the vibrant neighborhood of North Hollywood
California. This a rare opportunity for investors seeking a prime location with excellent rental potential. This seven-unit apartment building is comprised of (6) Six (1) One-bedroom and (1) One-bath units and (1) One (2) Two-bedroom and (1) One-bath unit. Conveniently situated in North Hollywood, this property enjoys proximity to many amenities, including popular dining destinations, entertainment venues, shopping centers and recreational parks. Commuters will appreciate easy access to major transportation routes, including the nearby Hollywood Freeway (US-101), providing seamless connectivity to the greater Los Angeles area.
The property is within walking distance of the Metro Redline location and near the heart of the North Hollywood Arts District. The property has desirable amenities, including assigned parking spaces, on-site laundry facilities and well-manicured communal areas. It is individually metered for gas and electricity and has a tremendous rental upside. The property has a Low Income Covenant until 2035, part of the ACHP. A copy of the Covenant will be provided. This covenant limits how much you can charge for markt rent once a unit becomes vacant. Property must be sold with 5653 Bakman Ave in North Hollywood
Presented by James Antonnucci at
Keller Williams Realty-Studio City.
Property MLS #SR24064369 from CRMLS
Lot Size Acres: 0.1550505
Lot Size Source: Assessor
Lot Size Square Feet: 6754
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Unit-1 Garage Spaces: 6
Unit-2 Garage Spaces: 1
Gardener Expense: 1800.00
Maintenance Expense: 5668.00
Vacancy Allowance: 3656
Rent Control: Yes
County: Los Angeles
Cap Rate: 6.35
Source Property Type: Residential Income
Insurance Expense: 5014.00
Area: NHO - North Hollywood
Source Neighborhood: NHO - North Hollywood
New Taxes Expense: 15000.00
Number of Separate Electric Meters: 7
Number of Separate Gas Meters: 7
Number of Separate Water Meters: 7
Parcel Number: 2337038012
Pest Control Expense: 900.00
Postal Code Plus 4: 1852
Trash Expense: 2520.00
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $242,723 + $108,788 $351,511 | $5,121 |
| 2021 | $237,964 + $106,655 $344,619 | $5,037 |
| 2020 | $235,524 + $105,562 $341,086 | $5,075 |
| 2019 | $230,906 + $103,493 $334,399 | $4,907 |
| 2018 | $226,379 + $101,464 $327,843 | $4,834 |
| 2017 | $221,941 + $99,475 $321,416 | $4,698 |
| 2016 | $217,590 + $97,525 $315,115 | $4,544 |
| 2015 | $214,322 + $96,061 $310,383 | $4,488 |
| 2014 | $210,124 + $94,180 $304,304 | $4,549 |
| 2013 | $209,175 + $93,755 $302,930 | $4,540 |
| 2012 | $205,074 + $91,917 $296,991 | $4,597 |
| 2010 | $201,053 + $90,115 $291,168 | $4,440 |
| 2009 | $200,026 + $89,655 $289,681 | $4,290 |
| 2009 | $199,551 + $89,442 $288,993 | $4,290 |
| 2008 | $196,104 + $87,898 $284,002 | $4,133 |
| 2007 | $192,259 + $86,175 $278,434 | $3,949 |
$1,200,000
CRMLS
Listed 2024-04-02
$1,450,000
CRMLS
Sold 1979-09-26
$99,000
Public Record
Year Built: 1953
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 2
Entry Location: 2
Property Age: 71
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Sewer: Sewer: Public Sewer, Water Sewer Expense: 3160.00
Water Source: Public
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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.